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Adam Smith the Real-life Grinch Who Stole Christmas and Won
At about this time each year, without fail, the lament will go out about how the real meaning of Christmas has been lost. This pre-Christmas tut-tutting is as much of a tradition as the obligatory Christmas cards, and treated in the same casual...
Going Against the Conventional Investment Wisdom
First of all, I want to give everyone the disclaimer that I am not a registered financial advisor and I don’t play one on TV. Therefore, I cannot legally provide financial advice and I will not do so. This is for informational purposes only and I’m...
Hey! That was my idea!... Corporate Games for a Rainy Day
People occasionally come to me and ask about situations with their jobs or within their companies. The primary question I hear is "What do I do if...?" Usually, they got caught up in a turf war or game and have no idea what to do next. Most of my...
Leadership by Persuasion – Four Steps to Success
As a leader, your success depends upon your ability to get things done: up, down and across all lines. To survive and succeed, you must learn four essential skills of persuading people. You must convince others to take action on your behalf even...
Nine Sure Fire Ways to Boost Your Career
1. Differentiate yourself using a Personal Value Proposition. A PVP a description of how your unique mixture of five key elements creates and/or adds value for an organization and the people in it. A personal examination of these elements...
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OIL DEMAND and the effects on the Global Stock Market
HOOKED ON CRUDE OIL, THE REAL STORY.
Without oil, the world shuts down. We burn through 27 Billion
barrels per year. Even 90% of the chemicals we use for farming,
making drugs and making plastics... all come from oil. It's a
habit we can't quit. Some of us commute a hundred miles per day
to and from work. Six billion people. Driving 700 million cars.
Globally, cars alone outweigh humans by 4 to 1. Every day, each
car uses four times more energy in fuel than people need in
food. At the airport, a thousand planes a day take off and land,
each carrying as much as 24,000 gallons of fuel. Passenger jets
alone burn about 1,200 gallons of fuel each hour!
YOU SEE THE POINT. As long as we can keep that oil coming, we've
got no problem. Life goes on. If that source of cheap oil
disappears... we're talking catastrophe. It's nearly
unthinkable. And yet as early as July 2, 2006, that's exactly
the kind of cataclysmic disaster you can expect. It's virtually
guaranteed...
The New Oil -'Cheap' At $150 a Barrel? This isn't a 'maybe'
scenario. There are no politics to fix. No quotas to double or
contracts to sign. 'E-Day' - the day when cheap oil disappears
forever - IS coming. IT'S VIRTUALLY GUARANTEED. Over the last
five years, the world burned 27 billion barrels per year. But
the oil industry only discovered 3 billion new barrels per year.
How long can you use up nine times what you're finding in
replacement? Not long!
In the 1930s, a geophysics professor at Columbia University made
a discovery worth billions of dollars to oil investors and oil
companies. He discovered how a liquid under pressure - like oil
- can get trapped under hard rock. He also discovered how to get
it out. And oil companies STILL use his discovery to find and
recover millions of gallons of oil. Oil they otherwise would
have missed completely. But then Dr. Marion King Hubbert made
another discovery. In 1956, Hubbert discovered that oil fields
CHANGE dramatically as you drain out the oil. At first, barrels
of crude come squirting out of the drill hole. That's when times
are easy. But after years of pumping, pressure disappears.
Suddenly, the REST of the oil gets
harder and more expensive to
draw out. When your entire business depends on how much oil you
have in reserve, this is a very big deal. In fact, the biggest
deal. When you get to the halfway drainage point - the 'peak' -
the cost of getting the rest of the oil out skyrockets. Supply
enters a permanent downward spiral. And pretty soon you have to
look somewhere else if you don't want to run out of petroleum.
In 1956, Hubbert worked for Shell Oil. His bosses BEGGED him not
to release his controversial 'peak oil' findings. But during a
speech, he painted a chilling picture nonetheless... for a room
full of oil executives and engineers. He told them that by 1970
the United States - the world's largest oil power - would hit
its own devastating oil production 'peak.' Now, you've got to
picture this. At the time, America could crank out more oil than
any other country in the world. So nobody believed him. In fact,
they ridiculed him. And the controversy that followed nearly
ruined his career. Shell even hired other geologists willing to
put the peak date in 1990 or even 2010... and Hubbert was all
but shunned by the industry bigwigs. But guess what happened.
Like clockwork... The United States hit its production peak in
1971! Oil well after oil well across Texas and Louisiana started
to dry up. Domestic oil production took a downturn and never
recovered. Within just three years, gas and oil prices soared...
and U.S. oil imports TRIPLED. OPEC suddenly had an advantage
over the United States it had never had before. And the face of
oil economics... and oil politics... changed forever. Hubbert
had been right. Many people got wiped out financially during the
crisis that followed. But it turns out that was only the
beginning! =======================================
http://www.australiansharetrading.com/ the complete online
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prior consent to do so, just don't change a thing.australian share
trading By Nik Halik =>
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===========================================
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