Peak Oil is You
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Page added on February 16, 2012
Matt Simmons: Gas Rationing
Matthew Simmons (RIP). Matt Simmons speaking at conference held by the Association for the Study of Peak Oil on 9.22.2008.
http://www.simmonsco-intl.com http://www.aspo-usa.com
Bernanke kept saying before Congressional hearings that resource utilization was high as the reasoning behind taking interest rates continually higher. By 2008 Bernanke raised interest rates to 5.25% at which point the derivative market tied to adjustable rate mortgages had a minor implosion that was halted by money printing. IMO, Bernanke was told to axe the economy. The global economy had to be halted and reversed because peak oil hit. Big oil and military knew peak oil was inevitable but would not know until hindsight when several years of global oil production data showed a plateau had been reached in oil production. What oil is extractable becomes increasingly more expensive because it takes more effort to extract the oil. Gushing oil well but eventually the gases escape with the oil and the oil that remains must be pumped out by some means. Oil is the life blood of all industrialized nations. Oil is also the life blood of a modern military. By crashing economic activity and destroying the wealth of many oil usage is curtailed; but that is just a forestalling tactic and not a solution to peak oil.
6 Comments on "Matt Simmons: Gas Rationing"
Indigoboy on Thu, 16th Feb 2012 9:29 am
Despite the fact that every government and his dog are publicly denying the seriousness of Peak Oil, behind the scenes they are working on it.
Here is an idea that the UK is working on as a method of rationing.
http://www.teqs.net/
It goes much further than just rationing gasoline, and it has a built in mechanism for an energy (use), descent plan.
Its worth a read, and there are some very good explanitary videos on there. The idea is not perfect, but it’ll do until perfect can get its arse out of bed.
ken nohe on Thu, 16th Feb 2012 10:06 am
Gas rationing is already the rule in the US based on miles driven. Down for almost 4 years in a row now. The principle behind is still prices, not restrictions though. It is quite difficult to see how restrictions can be put in place since the actual value of oil if different for different people. If you need your car to commute for example. The choice will certainly be easier here in Japan than in less densely populated areas. Expect delays!
BillT on Thu, 16th Feb 2012 10:53 am
For now, you are correct, ken. Gas will be rationed by ability to buy i.e. income. For the 1%, they will never notice $20 gas, but you will. As far as need to commute…that will be your problem if you decided to live 30 miles from your job. Then again, odds are, in a few years, you will be looking for a new one (job) anyway and can maybe find something closer to home or you can dump your underwater mortgage and relocate to something withing walking distance.
Arthur on Thu, 16th Feb 2012 1:19 pm
Rationing (by quantity, not by high prices) is something every ‘peaker’ should support. Better living in a home with a temp of 18C instead of 21C than 10C. Any responsible government should engage in demand destruction. They should force car producers to produce cars like the VW-1L (250 miles/gallon), one light per person switched on in the home. They should limit the amount of gallons a person can consume.
Arthur on Thu, 16th Feb 2012 2:07 pm
This is an illustration of the follies of modernity shortly before the impending energy collapse: flying all the way from Australia to the Alps in Europe, next let yourself being dropped off on some mountain ridge BY A HELICOPTER and next ski downwards for few hundred meters for fun:
http://video.elsevier.nl/#!clip/1319316
All three survived the avalanche.
Kenz300 on Fri, 17th Feb 2012 10:21 pm
Every individual, business and politician needs to develop a plan to deal with high energy prices and supply shortages. We are not prepared for the impact of high oil prices.