The Cheap Oil Syndrome: 3 Stocks to Benefit [View article]
The Saudi's can't increase supply because they don't have it. This is the nasty secret that the Government doesn't want to tell the people...thinking they can fix the problem before it happens. Read Matt Simmons' book about Saudi oil and you'll see. They hide this because they don't want to spook the herd or incite hoarding and general chaos.
This nationalization of oil around the globe and war in Iraq(setting up a police station) are all chess board moves for later this century when resource conflict is open and regular. With billions wanting to live like America, shortages will ensue. Eventually a new source will overtake oil but the trillion dollar question is what...and is it in time.
Kind of bleak outlook but a gallon of oil is STILL cheaper than a gallon of milk and look at the backlash. It may be worth it buy a home close to work or a motorcycle with enough land to grow food for a family or two...just in case. Past returns do not guarantee future results.
Or we could breakthrough in sun or wind technology or something and forget the whole thing.
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The Saudi's can't increase supply because they don't have it. This is the nasty secret that the Government doesn't want to tell the people...thinking they can fix the problem before it happens. Read Matt Simmons' book about Saudi oil and you'll see. They hide this because they don't want to spook the herd or incite hoarding and general chaos.
Apr 14 16:11 pm
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All Comments by SD CDL »The Cheap Oil Syndrome: 3 Stocks to Benefit [View article]
This nationalization of oil around the globe and war in Iraq(setting up a police station) are all chess board moves for later this century when resource conflict is open and regular. With billions wanting to live like America, shortages will ensue. Eventually a new source will overtake oil but the trillion dollar question is what...and is it in time.
Kind of bleak outlook but a gallon of oil is STILL cheaper than a gallon of milk and look at the backlash. It may be worth it buy a home close to work or a motorcycle with enough land to grow food for a family or two...just in case. Past returns do not guarantee future results.
Or we could breakthrough in sun or wind technology or something and forget the whole thing.