There is no doubt that oil production will peak—if it hasn’t already—and that all other fossil fuels will peak soon after. The important questions for investors are: when will it happen, to what extent, and what can I do to capitalize on it? Divided into three comprehensive parts—»The Crisis in a Barrel»; «Making Money from the Fossil Fuels That Are Left»; and «Energy after Oil»—the book contains the information you need to successfully navigate this epic event. But Profit from the Peak is more than just a guide to capitalizing on a potential energy crisis. By asking how this situation could affect you as both an investor and an individual, it offers a sobering assessment of where we are and what it will take to find a way forward amid the coming changes.
Draining the lifeblood of industrial civilization, the terminal decline of oil and gas production will spark a crisis far more dangerous than international terrorism, and just as urgent as climate change. World leaders know it, so why aren’t they telling? The last oil shock is the secret behind the crises in Iraq and Iran, the reason your gas bill is going through the roof, the basis of a secret deal cooked up in Texas between George Bush and Tony Blair, the cause of an imminent and unprecedented economic collapse, and the reason you may soon be kissing your car keys and boarding pass goodbye. David Strahan explains how we reached this critical state, how the silence of governments, oil companies and environmentalists conspires to keep the public in the dark, what it means for energy policy, and what you can do to protect yourself and your family from the ravages of the last oil shock.
In the waning days of the American empire, we find ourselves mired in crises, with multiple foreign-policy messes and our economy in steep decline. These trends mirror the experience of the Soviet Union in the early 1980s. Reinventing Collapse examines the circumstances of the USSR’s demise and offers insights into how we might prepare for coming events here in the US: (1) Mitigation—alleviating the impact of the coming upheaval; (2) Adaptation—adjusting to the reality of changed conditions; (3) Opportunity—flourishing after the collapse.
The author argues that the policy response to the economic difficulties will be to create a general rise in the price level to reduce the burden of the existing debt on households, businesses and governmental entities. As prices, and especially wages, rise, domestic spending will recover and unemployment will be reduced, although this process could take several decades.
Very significant inflation will likely be necessary to prevent an even more severe drop in employment and output in the economy given the magnitude of the shock to the economy created by continued declines in global oil production. As of this writing in mid-2012 global production of crude oil has not surpassed the 2005-2008 levels despite sustained high prices. International and sovereign-owned oil companies have had seven years now to respond to high prices with increased exploration, drilling and production. The results have been less than encouraging, to say the least..
Dramatic changes in the economy as a result of Peak Oil will alter the approach that would optimally be taken by investors and those wishing to preserve savings. The issues of asset allocation and sector weighting are explored together with alternative investments in commodities and real estate.
It often seems that different crises are competing to devastate civilisation. This book argues that financial meltdown, dwindling oil reserves, terrorism and food shortages need to be considered as part of the same ailing system.
Most accounts of our contemporary global crises such as climate change, or the threat of terrorism, focus on one area, or another, to the exclusion of others. Nafeez Mosaddeq Ahmed argues that the unwillingness of experts to look outside their own fields explains why there is so much disagreement and misunderstanding about particular crises. This book attempts to investigate all of these crises, not as isolated events, but as trends and processes that belong to a single global system. We are therefore not dealing with a ‘clash of civilisations’, as Huntington argued. Rather, we are dealing with a fundamental crisis of civilisation itself.
This book provides a stark warning of the consequences of failing to take a broad view of the problems facing the world and shows how catastrophe can be avoided.
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URL: http://www.siemens.ie/_documents/siemens_oilgas_report.pdf <- DEADLINK.