Peak Moment 130: Drawing parallels with the current financial meltdown, Matthew Simmons expresses his alarm about gasoline stocks being the lowest in several decades and refinery production down following recent hurricanes. He warns that if there were a run on the “energy bank” by everyone topping off their gasoline tanks, the US would be out of fuel in three days, and grocery shelves largely emptied in a week. In an interview plus excerpts from his presentation at the Association for the Study of Peak Oil (ASPO-USA) conference on September 22, 2008, Matt highlights the risks and vulnerabilities in the finished oil products system, and answers questions from the audience. www.simmonsco-intl.com http dvds of the entire conference can be ordered through ASPO-USA at www.regonline.com

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Learn about the Oil and Gas drilling process with EEI.

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Construction of the Nord Stream pipeline has officially kicked off after a five-year wait. The 1200-kilometre long pipeline will be the longest in the world, and will directly supply Russian gas to mainland Europe. The 11-billion dollar project has been championed as a way of bypassing the political troubles surrounding the current Ukrainian supply route.

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US President Barack Obama has announced he will stick with a Bush-era plan to drill oil and natural gas off the coast of Virginia. . Follow us on twitter at twitter.com .

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President Obama Opens Offshore Oil and Gas Drilling w New Bio Fuel Fighter jet at Vandenberg AFB Energy Security and Independence President Obama announces plans to open new offshore areas for oil and gas development in ways that protect the environment and as part of a larger strategy to ensure energy security and independence.

March 31 (Bloomberg) — John Hofmeister, former president of Royal Dutch Shell Plc’s US unit and chief executive officer of Citizens for Affordable Energy, talks with Bloomberg’s Margaret Brennan about the outlook for offshore oil exploration. President Barack Obama said today he will allow oil and natural-gas drilling off the US East Coast and cancel development in Bristol Bay, Alaska. (Source: Bloomberg)

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2/9/2010, Fox Business News – ier’s Patrick Creighton discusses the Obama Administration’s offshore energy record and their plans to increase taxes on domestic oil, gas and coal production. Follow us on Twitter at www.twitter.com ier’s Facebook page: Home: www.instituteforenergyresearch.org