Welcome To The 300 Club HUB On AGORACOM
We may not make much money, but we sure have a lot of fun!
Message: Future Money Trends
Highest Gas Price Recorded in March
The national average price of a gallon of regular gas is now $3.87, the highest recorded price for March. The west coast has it even worse, with the average price for regular at $4.23.
Are we facing an energy shock?
Yes, we have researched this issue extensively and have spoken to many experts, including legendary investors like Jim Rogers.
The question for us really is, what opportunities will arise from knowing that the world is entering a very dangerous period of rising fuel and even fuel shortages in some regions. Everything the masses think about oil is wrong, Saudi Arabia can't just simply produce more, the U.S. isn't sitting on some massive oil reserve, and the petro-dollar will not last forever. In fact, in our opinion the petro-dollar won't even make it to the end of this decade!
Do the Saudis have a lot of oil, yes, but the demand the world needs for future consumption requires 7 more Saudi Arabia's just to meet future Chinese demand for the next 50 years.
U.S. government betrayals, sadistic Saudi cover ups, and stealth maneuvers by the Chinese are already setting up the world stage for more oil wars. The Chinese loaned more money to oil rich nations over the past 2 years than the IMF did. Remember that old Proverb, "the borrower is servant to the lender."
Think about your personal life if gasoline was $7, $9, even $15 per gallon. We say this because you should plan for that in our opinion, the days of cheap fuel are over. Even our own Secretary of Energy, Stephen Chu, stated his views on the issue, "gasoline prices should be at Europe's level..." which are currently over $8 per gallon.
"We need to drive prices to the point where American consumers change their behaviors and use less oil...that's $175 a barrel oil." -Paul Sankey, Deutsche Bank's lead U.S. Integrated Oil & Refining Analyst
Exponential Growth
Exponential Growth
With China and other emerging markets experiencing a massive growth stage and modernization, according to Jose Sergio Gabrielle CEO of Petrobras, we need one Saudi Arabia every two years just to maintain constant production.
This chart is downright scary!
Decline in existing fields
Of the world's four super-giant oil fields, three are officially in decline: Mexico's Cantarell, Russia's Samotlor, and Kuwait's Burgan. The fourth field, the infamous Ghawar oil field in Saudi Arabia is also in decline, but this is officially denied by the Saudi's.
Saudi Arabia has claimed to have had the same amount of oil reserves for decades, this goes against the life cycle of all other oil fields known to man.
If you recall last year a WikiLeak report revealed that the Saudi's may have overstated how much oil was in reserve by 40%. The confidential cables from the U.S. embassy in Riyadh, obtained by WikiLeaks, also revealed that the U.S. fears that Saudi Arabia may not have enough reserves to prevent oil prices from going ballistic.
Clearly there is a real risk of civil unrest, more middle eastern wars, and escalating acts of terrorism as the energy crisis escalates.
When it comes to your personal life, where you live, where you work, and how you put food on the table, these should be things you are thinking about now, before we have $10-$15 gasoline.
When it comes to your wealth and how to profit from this, your best protection in our opinion is being soundly invested in domestic oil & gas companies.
Oil is going to be as precious as gold and as good as gold to your portfolio! In fact, it is our opinion that oil in the ground, is money in the bank.
New Message
Please
login
to post a reply