by Shaun Chamberlin on July 17th, 2008
Thanks to the Oil Drum‘s Peak Oil Media Watch I recently came across this fascinating video clip from the “Fast Money” programme on American business news channel CNBC. In the extract the studio panel are discussing the rise in oil prices and – as is the show’s theme – how to make money from it.
Their studio guest is Joe Terranova, who appears to be a typical energy investment type (though with an incredibly expressive face!), but their phone linkup is to Matthew Simmons, Chairman of Simmons & Company International Ltd, who is one of the very few high-profile figures to have predicted the current oil price rises, and who has been raising the peak oil issue for some years now. The mismatch in their perspectives is spectacular, especially from 4 minutes in. Read more »