Forewarned is forearmed?

[takza]

http://www.youtube.com/watch?v=0Hrpv21Ubf8

[Don Jorgensen]

Well I watched all 27 minutes of the talk. Matt Simmons is an investment banker who focuses on the oil industry. The powerpoint show he talks the viewer through is about Peak Oil and Americas gasoline reserve or stock.

I believe there is a fundamental difference between gasoline stocks, a run on gasoline/diesel purchases and a run on banks, which he compares. Mr. Simmons is very concerned that if everyone topped off their gas tank on a run on gasoline stocks, the reserve would be gone and the nation would be out of fuel period. This would cause transportation of goods to break down and the grocery stores would be empty in a week.

A run on banks where everyone takes their money out leaves the bank with nothing. The bank has no way to replenish what the members or customers have removed. In essence the bank is broke.

Whoah! Get your finger away from the panic button folks. Now because the gasoline stock is erased doesn't mean that tomorrow there will be no gasoline flowing into the pipelines across America unless some catastrophe happens like a hurricane that not only wipes out ALL the refineries but the technology to make new ones as well.

The people that filled up on the gas run will not drive around and use up gas so they can go get more tomorrow. They may go purchase gas cans and try to store up. The oil wells keep pumping, the refineries keep running, the pipelines are pushing fuel through and your local convenience store will have gas for them that can pay.

In a short time there will be major auto makers offering alternatives to fossil fuel powered cars, not hybrids. Fact is they are available now from small companies and consumers are open to alternatives and buying them.

Mr. Simmons basically wants Americans to believe that we are going to RUN OUT OF GAS soon. I'm not afraid of a RUN ON THE American gasoline stations and a day where we RUN OUT OF GAS.

As an energy investment banker, Mr. Simmons is looking at alternative energy and his recommended OTC stocks reflect that. What he says about the future of oil, I think is his offering of his companies services.

I believe Mr. Simmons is genuine and realizes that a crisis is pending. We would all be prudent to listen but not knee jerk our way into false starts. No running to the fallout shelter!

Because I put my thoughts out here, I open the opportunity for informed discourse.

Don in ABQ

[takza]

Other than the real issue of peak oil...I think he is talking about the vulnerability of the supply chain and how fragile it is. Gas & oil prices MIGHT fall now due to seasonal issues and the coming yr long recession...but when this recession is over...what happens?

I think the recent oil and gas price spike has been a warning...but if prices stay down awhile...most people will forget fairly soon.

As far as a run on banks...there seems to be an endless supply of dollars...they just print more and increase the US debt load?

As far as food...it's interesting to see how quickly the food issue becomes real important when the groceries start to run out and you need to go for more. So what are you going to do if the shelves are close to empty?

Strangely enough...in this excuse for a democracy...the people in power are more or less enabled to be there by vested interests and as we've seen with the banking crisis...those who've got a vested interest in an area are going to be slow to admit a problem...and usually do only AFTER a disaster has already gotten serious.

[Don Jorgensen]

As far as a run on banks...there seems to be an endless supply of dollars...they just print more and increase the US debt load?

As far as food...it's interesting to see how quickly the food issue becomes real important when the groceries start to run out and you need to go for more. So what are you going to do if the shelves are close to empty?

Banks don't print money...they use depositors money. When the depositors pull out all the bank can do is sit on its assets.

If the grocery store shelves are close to empty and you waited this long in the doomsday scenario to stock up....you waited too long. We generally have a month to 3 months food supply in the pantry and freezer. I suppose we would have lots of mealtime company if the shelves in the stores stayed bare very long.

So the truckers can't transport goods so they stay home ..the store workers have nothing to stock so they stay home..No work-no pay.. loose the house ..the bank doesn't want it ..no home to stay in.. Oh when will it end?

I won't be stocking up on gasoline, however.

[takza]

Banks don't print money...they use depositors money. When the depositors pull out all the bank can do is sit on its assets.

I won't be stocking up on gasoline, however.

I think the Fed or some part of the shadow govt is printing money with the backup of the taxpayer....and now is buying up part of quite a few banks...partially nationalizing them. They are creating debt...same as printing money?

Anyone with the room should probably have a 50 gallon farm tank. Fill it in the off season? Add some Stabil.

http://www.spectrumcommodities.com/educ ... ts/hu.html

December?