Peak Oil Brief and Blog
If you are an adult and an investor, IMO you should has an opinion on Peak Oil Theory. POT has been around since the 1970s. I do believe there is some truth to the Peak Oil Theory.
Here is an outstanding brief on Peak Oil from Oklahoma State University Energy Symposium Tulsa, Oklahoma, May 19, 2009
By:Matthew R. Simmons, ChairmanSimmons & Company International
The link is here:
There is much wisdom in the brief, ie:
We Live In An Insecure Energy World
■USA is largest member of energy insecurity club.
■We are a country of energy hogs.
■Only a few states provide energy to others.
■Texas is an energy parasite.
■Oklahoma is an energy parasite, too.
America Is Biggest Energy Glutton
■We have 5% of the world‟s population.
■We use 25% of world‟s energy.
■U.S. daily energy use:
–Train car of coal every second (86,400 train cars/day)
–10,000 gallons of oil every second (864 million gallons/day)
–60 billion cubic feet of natural gas (to moon and back 25 times)
■This will not stop as USA population will “soon” be 350 million.
A great blog on Peak Oil is the Oil Drum here:
6 Ways to Profit from 'Peak Oil' is here:
Maxwell recommends a basket of companies with "long-lived reserves," including Brazil's Petrobras and Canadian tar sands plays such as Encana and Canadian Natural Resources. Unlike the majors, these firms will be able to maintain and even increase production into the next decade, and thus able to take advantage of the expected sharp rise in oil prices.
The Power of Community: How Cuba Survived Peak Oil (Video 41 Minutes)
When the Soviet Union collapsed in 1990, Cuba's economy went into a tailspin. With imports of oil cut by more than half – and food by 80 percent – people were desperate. This film tells of the hardships and struggles as well as the community and creativity of the Cuban people during this difficult time. Cubans share how they transitioned from a highly mechanized, industrial agricultural system to one using organic methods of farming and local, urban gardens. It is an unusual look into the Cuban culture during this economic crisis, which they call "The Special Period." The film opens with a short history of Peak Oil, a term for the time in our history when world oil production will reach its all-time peak and begin to decline forever. Cuba, the only country that has faced such a crisis – the massive reduction of fossil fuels – is an example of options and hope.