No. of Recommendations: 1
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.

Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement