[frankthetank]

This should be a good one. Get those VHS tapes set to record.

Couldn't find much online other then this... They advertised it during 20/20 tonite..

$this->bbcode_second_pass_quote('', 'W')ith Americans facing yet another summer season of rising gas prices, ABC News' Charlie Gibson has traveled the country to uncover some of the little known secrets of the oil industry, including why prices fluctuate so much and who exactly is pulling the strings. "Over a Barrel: The Truth About Oil," an ABC News special reported by Gibson, will air on WEDNESDAY, JULY 22 (10:00-11:00 p.m., ET) on ABC.

From the trail of oil pipelines snaking through Oklahoma to the middle of the Gulf of Mexico, Gibson has crisscrossed the country in search of the answer to one salient question what is the true cost of oil? He reports from Cushing, Oklahoma, a remote outpost where the price of a barrel of oil there dictates the price nationally. He travels 160 miles off the coast of Louisiana to one of the deepest drilling oil rigs in America and also visits "refinery row" along the Gulf Coast, where a third of America's oil refineries are concentrated.

Despite talk of dwindling oil reserves, new technologies have vastly increased the amount of oil, providing a larger reserve today than a decade ago. Last summer's $147 a barrel price baffled many Americans, but Wall Street insiders tell Gibson that speculators caused the price to skyrocket. Additionally, Gibson discovered that, according to memos obtained by ABC, oil companies have artificially kept the number of refineries low to keep their profits high, in turn leading to greater price instability at the pump.

Americans consume a quarter of the world's oil, yet make up only 3% percent of the global population. When confronted by these facts by Gibson, Energy Secretary Steven Chu admits "we're headed for a train wreck." Chu explains how a new generation of biofuels could help the U.S. decrease its dependence on foreign oil. ABC News visited Chu's former lab in Berkeley, which is doing cutting edge work in this field. In addition to interviews with dozens of experts and industry leaders, Gibson also sat down with General Wesley Clark, the former NATO commander who has become a vocal proponent for ethanol.

Tom Yellin is the executive producer of "Over a Barrel" and Peter W. Klein is the producer. The program is a production of The Documentary Group for ABC News.

[outcast]

Still can't admit PO didn't cause the pricespike?

[wisconsin_cur]

What's VHS?

[eastbay]

Thanks Frank. VHS is Very Hot Show.

[Cloud9]

We all knew it was the evil oil barons and speculators. Once the Energy Czar takes over production and distribution all will be well.

Relax we all are going to be government employees.

[Roy]

I wonder if they are going to mention America's Saudi Arabia, the Bakken formation?

Seriously though, this:

$this->bbcode_second_pass_quote('', '
')Americans consume a quarter of the world's oil, yet make up only 3% percent of the global population. When confronted by these facts by Gibson, Energy Secretary Steven Chu admits "we're headed for a train wreck."

[hillsidedigger]

"Americans consume a quarter of the world's oil, yet make up only 3% percent of the global population"

When did the world suddenly reach 10.2 billion people? That's 33.33 times 306 million.

Right there is a terribly misleading lie for the United States is 4.5% of the people in the world.

[vision-master]

More TV propaganda.

TPTB are really good at brain-washing the sheeple.

[Starvid]

$this->bbcode_second_pass_quote('frankthetank', 'A')dditionally, Gibson discovered that, according to memos obtained by ABC, oil companies have artificially kept the number of refineries low to keep their profits high, in turn leading to greater price instability at the pump.

[perdition79]

$this->bbcode_second_pass_quote('vision-master', 'M')ore TV propaganda.

TPTB are really good at brain-washing the sheeple.

[VMarcHart]

$this->bbcode_second_pass_quote('vision-master', 'T')PTB are really good at brain-washing the sheeple.

[TheDude]

No, I'm not kidding. These people are nothing but lying shills.

[AirlinePilot]

I predict a technologic and alternatives supplied paradise will be portrayed at some point towards the end of the show.
This will be the over arching theme, that technology and innovation will be our saviors.

Oh and one other prediction, Peak oil will get only cursory mention and it will only be in the light that its not for decades yet to come!

Anyone want to bet me on it?

[joewp]

$this->bbcode_second_pass_quote('AirlinePilot', '
') Oh and one other prediction, Peak oil will get only cursory mention and it will only be in the light that its not for decades yet to come!

Anyone want to bet me on it?

[hillsidedigger]

It's now going to be aired on Friday, July 24 at 10:00 Eastern.

[frankthetank]

On right now...

So basically they are following gasoline from the gas station all the way back to the oil field.

Not any mention yet of peak oil.

[frankthetank]

Speculation, evil refineries and of course AL Queda plots to blow up pipelines!!! Half way through, no peak oil.

[Kristen]

It touches it indirectly though. And it's admitting the war cost. 700 Billion? (Nervous Laughter) It also points out how much we use.

[Kristen]

Lol, of course the first commercial is for GMC trucks. Seems counterintuitive.

[Kristen]

The show said he we create 5 million barrells a day, and consume 13 Million.