The documentary “Hunt For Black Gold,” which aired this past Wednesday on CNBC, documents the recent oil price spikes; how American oil companies spend those historic profits; and what’s going to happen when the crude runs out.
The “Hunt for Black Gold” hosted by Maria Bartiromo follows the stream of oil from the moment it comes on line, into the supertankers, into the refineries and finally pumped into the consumer’s gas tank. Bartiromo’s special moves from Alaska’s North Slope all the way to the Gulf of Mexico, (critical areas in the national oil debate).
Bartiromo rough houses the men who run the most lucrative companies in the history of the United States: Why was there such a dramatic and historic spike in gas and oil prices over the past year? Do the American oil giants feel responsible for the ripple effect of staggeringly high prices? What can the American consumer expect down the road?
The special airs again this coming Sunday on CNBC at 10 p.m.
Check it if you can. It’s really an interesting, (and scary), documentary in my opinion.
{ 2 comments… read them below or add one }
kenneth 09.28.08 at 8:14 pm
very weak documentary for anyone familiar with the situation. it did a poor job getting to the root cause of the problem. exponential economic growth. anytime you see mention of peak oil, and there’s talk of wind, nuclear, solar, and other alternative energy proposals be very concerned. we don’t have an energy problem per se, but a liquid fuels problem. there is mention in the documentary that the world consumes about 85-86 mbpd of oil. well that’s stretching the truth, the world is only producing approximately 74-75 mbpd of crude oil, the other 11-12 mbpd is made up resources that are converted to oil. as the supply of oil can’t come on line fast enough, we will be more dependent on these conversions to oil, which just won’t be able to scale up to meet demand. wind, solar, nuclear and others are best suited for electrical needs. did you notice except for matt simmons, and the professor from the university of texas, everyone basically made it seem like a technology issue that will someday be solved?
Kristen Banker 09.29.08 at 9:04 am
Very valid and interesting points. However, I think the doc still offers some insight into the state of global warming, oil, etc., especially for people like my parents who only listen to main stream media.
But great comments and thoughts, thanks!