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Is the Global Economy Drowning in a Sea of Black Gold?

icandoitdon

Instead you are betting your house, your car, your way of life on the notion that there is an endless supply of cheap energy. If you really want to see an "idiotic view" you only have to look in the mirror.

How the U.S. Financial Crisis Resembles Japan’s 'Lost Decade' - And How to Play It, Part II

I see so many dire predictions lately that it leads me to believe many people actually want these horrible things to happen.....then again FEAR is a great selling tool....especially in the online editorial market!

Be careful what you wish for....it may come true.

The Oil Bubble Will Meet the Same Fate as Tech, Housing

It's all too easy to clump oil together with tech and real estate and come up with a nice tidy article about another bubble bursting. It is a bit more complicated than that....but apparently it's too complicated for the author of this article to comprehend.

If you think the world is awash in "easy" oil you have a sad reality to face. If you think Americans will scale back their consumption appreciably you have yet another sad reality to face.....we are addicted to the stuff. If you think the people of Asia and India will go back to riding bicycles you have yet another reality to face.

An even more frightening scenario is that alternative energy sources of appreciable scale are decades away.

I really hope it is a bubble but unfortunately I think there is much more at play here than greed and speculation.