When it comes to oil and Americans, that hideous price at the gas pump is just the beginning of big, scary issues these days. Next in line will be the winter heating bill — sure to be punishing this year.
But the really big monsters coming out of the closet are 1) the eye-popping vulnerability of the American energy infrastructure, as demonstrated by Hurricane Katrina as she tore through Gulf pumping and refinery capacity and 2) the monster issue of "peak oil" — the rising view that we are on the scary downhill slope of oil.
Oil super-guru Daniel Yergin knows the issues as well as any man alive. He's in the middle of crisis and controversy.
Hear a conversation with Yergin on why the aftermath of Hurricane Katrina is now pushing America toward an energy disaster.
Daniel Yergin, Chairman of Cambridge Energy Research Associates, an energy consulting and research firm. He is
Pulitzer Prize-winning author of "The Prize: The Epic Quest for Oil, Money and Power." He is also co-author of, "The Commanding Heights: The Battle for the World Economy."
Jamie Court, President of Foundation for Taxpayer and Consumer Rights
This program aired on September 20, 2005.