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Hirsch on CNBC: Peak oil problem as massive as one can possibly imagine

Posted on May 20, 2008

Robert Hirsch, author of Peaking of World Oil Production: Impacts, Mitigation, and Risk Management (a.k.a. the Hirsch Report), appeared on CNBC this morning. He said flat out that new technologies and new drilling won't solve the peak oil problem, and that we should expect $12-15/gallon gasoline followed by rationing. Watch the video or read the transcript below the fold.[Update 1:30p EDT] And here's a follow-up with T. Boone Pickens.[break]Transcription and bolding by Super G.HOST: ...Dr. Hirsch is a senior energy advisor at ManagementInformation Services and Dr. Hirsch, thank you for joining...

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crude , drilling , oil , peak oil