User 202372

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  • In Light of Peak Oil, Financial Diversification Is a Bad Idea
    Just as with most other geological based resources, the oil easy to find and cheap to produce is behind us, and the difficult and expensive lies ahead. Present oil use is nearly 15M tons/day. 5B tons/year. Similiar trends exist with respect to met coal. The trends are clear, and have been clear for decades. The realities for earths geology is not much changing anymore.

    For investors, an important near term consideration may be the risk to USA based oil company ownership, given the rabid anti-big-oil sentiment of the citizenry and the naivety of the politicians with respect to facts.
    May 30 10:54 am |Rating: 0 0 |Link to Comment |View article

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