Timely story. I got a book yesterday: The Coming Economic Crisis: $200 Oil, by Dr. Stephen Leeb, who wrote previously a book about $100 oil, predicted the tech bubble and its collapse, and now is writing that the *biggest* economic crisis to ever face our civilization (bigger than the Depression, tech bubble, 9/11, housing bust) is $200 oil.
We are at peak oil, and supplies are dwindling, production is at peak capacity.
Demand is growing from China and India, at exponential rates.
The back of the book is about investment recommendations, and I did not jump ahead. I will post them.
I think oil will be more valuable than gold soon.
Like the tech and housing bubble, government, Wall Street, and the media have their heads in the sand! Do not expect your leaders to save you. Many civilizations ended because the people used up all their resources and did not plan for a replacement.
One more thing: the stock market bulls cite high company cash piles as proof that corporations are healthy. What idiocy! They are only holding cash because they are afraid to invest! Any company with prospects take a portion of retained earnings for R&D and investment into its future. Being in cash is something we do when we fear bad times, just like I am in my personal life.
