- Description
A conversation about oil with Daniel Yergin and Charles Maxwell
- Keywords:
In order to download Charlie Rose podcasts to iTunes for transfer to an iPod, you must have iTunes installed. If you do, please click the following link to download the podcast for this interview:
itpc://www.charlierose.com/view/itunes/9547
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eek 11/15/2008 11:25 AM Report
emillard:
running ubuntu lenny here with Firefox 2, site runs perfectly and videos play. Please ensure you've installed the latest version of Flash player.
exterline1860:
videos are delivered by Google Video in the identical manner as the old website, using the same player, so you are probably having network problems.
emillard 11/15/2008 03:44 AM Report
Please bring the old site back at least as an option. The new one is completely broken in Firefox on Linux. I've been a loyal viewer of your show for years and watched it here since you created this website. Its very disappointing it doesn't work anymore.
exeterline1860 11/14/2008 11:52 PM Report
Hamlin,
I'm having trouble too. My computer is running slow for some reason, even though it's new. Videos streamed on this new website pause every 2 seconds.
I've also been watching this show for many years. Sometimes I watch a show again on the computer if it's something that interests me. I really wanted to see last night's show about oil. Unfortunately, this show airs at midnight here and I fell asleep. It seems I've lost out.
While this site looks better, the older one actually worked better.
Energy-2025 11/14/2008 11:24 PM Report
This is another excellent interview by Charlie…. He continues to have the best and brightest on his shows… and asks compelling questions.
These gentlemen have decades of experience and understanding. They are spot-on regarding innovation, entrepreneurship & technology being the solution. Seed funding is exactly what is needed to commercialize clean-tech innovations.
In an analysis in the research eBook “The 21st Century Energy Initiative”*, it is shown that if China’s and India’s standard of living continues to increase as it has – in order to “catch up” with the same # of vehicles per 1000 people that the United States has – that it will take TWELVE TIMES as much oil as is currently being produced, today. This is clearly unsustainable. Although this analysis assumes that their current growth rates will continue, they can’t possibly. However, the analysis does NOT take into account any other countries’ growth rates. These two factors likely balance each other out. Bottom line: There will be a tremendous push toward electric vehicles. Which, of course just pushes the problem from oil to other areas (electricity production). Good news / bad news in this scenario. This is, of course, for the longer term: That is, once the recession (or worse) is over, by not investing in renewable energy technologies, we will set ourselves up for even higher prices than we saw earlier this year. This will cause continuous boom / bust cycles driven by energy price (and availability) volatility – unless we change how we approach this problem.
Also - The price of oil has LOT to do with the value of the dollar. Once the U.S. Government’s TRILLION dollar bailouts come into the market, we will see the value of the dollar plummet… increasing the price of oil, once again.
What can be done? A better question is: “What MUST be done?” We must create not only innovative technologies, but innovative business models to speed new technologies to market. Once such company (NXergy, Inc.) is doing just that. They view energy companies as part of the solution, not the problem. And instead of trying to compete with these behemoths, NXergy is working to help them profit more – from going green… in a renewable, sustainable fashion.
The energy shift is upon us, and we MUST work together for the common purpose of making affordable, renewable, energy-self-sufficiency a reality.
PS: The amount of money that has been invested in renewable energy in the federal labs can be found, here: Page 231; Figure C-4: http://www1.eere.energy.gov/ba/pdfs/strategic_program_review.pdf. It is a pittance!
* http://www.energy2025.com/21stCenturyEnergyInitiative.htm
hrc 11/14/2008 10:18 PM Report
I don't know, oil is finite and gooey. At some point the conversation came to natural gas, and was curtailed rather abruptly. I think we need a program or programs on natural gas alone, if just on the basis of equal time. The focus has to change from guns and oil at some point and lets not forget coal of all things. Nuclear came up for a bit, didn't get much voice. Oil gets all the talk, like it's the only viable fuel. It's quite filthy actually, doesn't transport well and causes health problems. Yet entire industries are built around it and therein lies the problem.
Oil has lobbyists, and it generates lots and lots of money.
Natural gas on the other hand, well I don't know, but would like to hear more about it. It seems to me as a natural gas user for cooking and heating, sometimes welding, it's just more efficient. What I don't understand is its pricing. The electrical system of this country needs a show too, especially the use of coal as a prime mover for electrical generators. This was a timely show with oil being quite cheap lately. It just irks me that we can't move on from it.
REMant 11/14/2008 05:23 PM Report
Oil was cheapest when the dollar was strongest. That should tell you something. Demand is not all of it, nor maybe even much of it. The "oil shocks" of the 70s occurred because of the inflation caused by LBJ's guns + butter policies. Most of our problem here as elsewhere can be traced to easy money. Without that supply and demand would self-adjust and prices would reflect it. Commodities rose in price in the past few years, because they always do in an a boom induced by easy money, but they cannot be sustained, so it is properly termed malinvestment, and just the same as what happened in real estate. Those ppl who talked about either continuing to rise in price were guilty of irrational exuberance for sure.
I believe they have been late getting the Flash up hamlin.
hamlin 11/14/2008 04:07 PM Report
I've watched charlierose.com videos for several years using
Firefox web-browser. My local PBS station doesn't carry
the TV show on Fridays. Today I am not able to view any
video on your website with Firefox 3.0.4. I have the
Shockwave Flash plug-in installed, as always.
Loyal viewer