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    Monday, July 21, 2008

    Peak Oil on CNBC

    Via Treehugger, Matt Simmons, head of oil investment bank Simmons and Company International, talks straight about a future of declining oil CNBC's Fast Money. He says, quite rightly, a disaster is coming if we don't address the hole we've dug with our addiction to oil. The stunned faces of the CNBC talking heads is priceless.


    Well worth the watch. He offers some initial ideas on what to do. Massive investments in alternative energy, tele-commuting, living in villages. 

    This should, of course, be the conversation happening on every hour of news. Instead, I wonder if Simmons will ever be invited back. We'd rather talk about speculators and dream of a future that looks like our past of artificially cheap gas. In fact, we've near run through a billion years of stored energy in the form of oil and other fossil fuels, and have dangerously heated the planet in the process. These facts won't change by our ignoring them. Doing something, like Al Gore's call for a fully renewable powered electric grid in 10 years, that might make a difference.

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