Seeking Alpha

Kenneth D. Worth

 
ABOUT
Author of the book, Peak Oil and the Second Great Depression (2010-2030), A Survival Guide for Investors and Savers After Peak Oil.

The book presents a fairly conservative strategy for growing savings in an world of declining conventional crude oil supply. We entered that world in 2005. Despite the tripling of crude oil prices, conventional crude oil production is lower now in 2014 than it was nine years earlier in 2005.

Welcome to the post-Peak Oil world. Yes, half the drilling rigs in the world operating in North America have increased total US production by a few million barrels per day. However, the Red Queen's treadmill of shale oil production is already upon us.

US oil production, ...More
SNAPSHOT
  • Description: Investment Consultant. Trading frequency: Infrequent
  • Interests: ETFs, Options, Retirement savings
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Book
Peak Oil and the Second Great Depression (2010-2030) The years 2005-2008 was the peak of global conventional oil production. Even the International Energy Agency now states that the global peak in conventional oil production occurred in 2006. This fact will have tremendous consequences for the global economy and for investors. Some of the decline in ...More