How to profit from the coming energy crisis: Stephen Leeb audio interview
Stephen Leeb, co-author of The Oil Factor: Protect Yourself – AND PROFIT – from the Coming Energy Crisis talks about ever higher oil prices and how to profit from it.
Stephen Leeb, co-author of The Oil Factor: Protect Yourself – AND PROFIT – from the Coming Energy Crisis talks about ever higher oil prices and how to profit from it.
Americans have long considered Saudi Arabia the one constant in the Arab Middle East–a source of cheap oil, political stability, and lucrative business relationships. But the country is run by an increasingly dysfunctional royal family that has been funding militant Islamic movements abroad in an attempt to protect itself from them at home.
New York Times columnist Paul Krugman on peak oil.
Lee Raymond CEO of Exxon Mobile
As the BTC Pipeline Nears Completion, America & Russia Make Their Respective Moves Seeking Strategic Control Over Caspian Energy Resources
Differing interpretations of control over Iraq’s oil revenues emerged on Tuesday in Baghdad, potentially calling into question the financial independence to be ceded to the interim government that is due to take charge of the country in July.
Abrupt climate change. We will look at the oceans’ role in the climate, the ocean conveyer system, the history of abrupt climate change episodes, and the effect of these episodes upon previous civilizations.
Simulations of the World Oil Production Capacity (Wocap) model suggest that global oil production will peak at a point near 81 million b/d well before the end of the decade, likely by 2006-07
…we looked to one example, Cuba, the only country that has successfully passed through its own artificial “peak oil.”
CARACAS – The high oil prices seen since the US-led invasion of Iraq could be followed by a drop, as has occurred for decades after every rise in prices. But even then, signs pointing to shortages in the medium to long term indicate that the era of cheap oil is officially over.
Suncor Energy Inc., the second- largest oil-sands miner in the world, said first-quarter net income fell 38 percent after the company paid more royalties to the Alberta government. The company also said it will stop hedging oil-production.
So it’s almost official: World oil production is in trouble. The secret has been slipping out of late, with reports of Royal Dutch Shell and other oil producers downgrading their reserves, but it now seems that Saudi Arabia may also be in crisis mode over its reserves.