Scott Benson

The 'Peak Oil' Myth: New Oil Is Plentiful

You don't understand peak oil, dude. Nobody says we are running out of oil. Peak oil says we may be running out of CHEAP oil, on which our modern world economies depend. Every alternative you list, from the Brazil Tupi and Carioca fields (indeed impressive amounts, maybe, but very deep in the earth) to the oil shale nonsense, are going to be HUGELY expensive to produce. There is lots of oil for people who can afford it. But few people seem to acknowledge that most of the world isn't all that rich. Do your research, my man.

In Light of Peak Oil, Financial Diversification Is a Bad Idea

If you're a peak oil person, as am I, you must realize that China and India and SE Asia are not going to ascend to world prominence via their impressive industrialization. Superexpensive oil means their industrialization stops cold very soon. Europe is going to fall apart as well due to peak oil, so the Euro is now under attack. I"ll go along with the precious metals for inflationary reasons, but it sure looks like the dollar stands to climb back up -- other currencies will be under so much stress.