Originally Posted by
The Duke
The way I see it, use your knowledge of Peak Oil as a means of adapting. You'll have a better perspective on the changes to come and will be better prepared for those changes. Heck, there may be opportunities out there to prosper financially from Peak Oil. It's not the end of the world, but it is the end of the world as we know it. I'm grateful for the opportunites I've received and I try to keep a keen eye on the future to come. In the mean time, hopefully someone a whole lot smarter than I am will come up w/ an energy resource that revolutionizes how the world is powered. It's possible, but a long-shot at best.
For those of you who want to learn more about Peak Oil, go to
www.financialsense.com and find the webcast portion of the website and listen to Jim Puplava discuss these issues along with others over the past couple of years as this issue has brewed. He's had the authors of several peak oil books on during the past several months, and those webcasts are in the archives.
Jim has a very good investment advice record, he advised to buy gold starting back in 2005, predicted last year's spike in oil, and warned of the sub prime debacle coming early last spring. He runs a private investment firm in San Diego for high net worth clients, PFS Group, and in 2006 his reccomended portfolio was up 20% in a very mediocre year for the markets.
His econimic warnings for late 2009-2010 are not good, and if you listen to the webcasts you better brace yourselves.
Duke is right, better prepare yourselves, because "there's a storm coming"...JP