The Motley Fool Discussion Boards

Previous Page

Retirement Discussions / Retire Early Liberal Edition

URL:  http://boards.fool.com/leeb-and-leeb-had-an-earlier-book-called-the-oil-25202337.aspx

Subject:  Re: OT: Kunstler on Energy Date:  2/21/2007  6:33 PM
Author:  telegraph Number:  2666 of 59766

Leeb (and Leeb) had an earlier book called the Oil Factor..good but the new book covers most of the territory...

Going to be interesting..the majors are scrambling to 'maintain' their reserve numbers...and not all reserves are equal...tar sands are hard and slow to produce...you just don't drill another well..you open another 5 billion dollar mine and a 5 billion dollar processing plant to get 250,000 bbl/day.

Some wells in Saudi almost flow that much oil a day..one well!...

But that is history...most of them are at 1/10th that now....

Kunstler's advice...head for the farms...and small towns....learn farming....and a useful 1860s type trade...blacksmith.....harness making...farming...milling.....

t.


Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us