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Investment firm: Report explains the Hubbert Curve and includes a projection on oil peak

Editor's note: The following article is essentially an advertisement, however it does demonstrate a Peak Oil analysis is being taken seriously by some members of the financial world. - AF

Guinness Atkinson Asset Management LLC ( www.gafunds.com ) has issued a report entitled “The Future of Energy” in conjunction with the launch of its new no-load Guinness Atkinson Global Energy Fund.

“It is our view that energy prices are headed toward significantly higher levels,” states the report. “We believe that oil will breach the $100 per barrel level benchmark at some point in the next 15 years.”

The report is designed to be an information-rich examination of the future of energy, with a close look at the world’s declining oil supply and production in the face of ever increasing consumption.

Primary topics that are examined include:

• Increasing global demand for energy—especially from China.

• The limits on production in future years, based on data indicating that the world has approximately 40 years of oil remaining in currently known reserves.

• A discussion of the potential of an increasing role for alternative energy.

The report also contains informative sidebars on the Hubbert Curve of global oil supply, and on the history of oil cartels, from Rockefeller to OPEC.

The report may be accessed on the Guinness Atkinson website at www.gafunds.com/futureofenergy.pdf (PDF - 590KB)

The Guinness Atkinson Global Energy Fund invests in securities of U.S and non-U.S. companies involved in the production, exploration or discovery, or distribution of energy, including the research and development or production of alternative energy sources.

The Fund’s investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus contains this and other important information about the Fund and may be obtained by calling (800) 915-6565 or visiting the Fund’s website at www.gafunds.com. Please read it carefully before investing.

The Fund invests in foreign securities which will involve greater volatility and political, economic and currency risks and differences in accounting methods. Mutual fund investing involves risk and loss of principal is possible. Distributed by Quasar Distributors, LLC. (07/04)

Editorial Notes: The report cites ASPO's predicted date of oil peak of 2008, but says, "Guinness Atkinson is estimating the peak production year will occur between 2015 and 2020."

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