I linked to SI a few weeks ago from a link about gold investing at fromthewilderness.com. I'm 20 year old university student, and until a couple of months ago, I had never traded a stock. However, after gaining an acute understanding of peak oil over the last year, I decided to take all my money ($5,000) out of a worthless savings account and throw it into oil stocks. Rash? yes. Reckless? maybe. I am predicting $100+/barrel oil before this decades end, and that is not an alarmist pump in any way, it is based on the fact that by the MOST REALISTIC estimates, there were 2.2 trillion barrels of recoverable oil on Earth (before we started pumping) and we've used up 1 trillion. Once we use half of all the recoverable oil in the world, no matter how hard we pump, production CANNOT increase, since hydrocarbons are a finite, nonrenewable resource. Look no further than a U.S. domestic oil production graph over the last 100 years for proof of this statement. Because oil demand rises globally by roughly 2% every year, there will be significant problems when we reach the point where production CANNOT PHYSICALLY INCREASE, and yet demand continues to rise/stay the same. Post-peak, you're looking at net oil shortfall of 1.5-3.0% each year until we run out. Neoclassical economics will not save us, since "market forces" and "prices" cannot conjure up oil out of thin air. See the first law of thermodynamics. Solar and wind are great (nuclear not so much, see my other posts), but even if scaled up to astronomic proportions, they could only account for maybe 10-15% of our current energy consumption levels. And you can't grow food with solar or wind derived fertilizers, pesticides, and herbicides, meaning that food production will plummet regardless, inevitably leading to widespread famine. For a great introductory article to this subject, I would recommend fromthewilderness.com and lifeaftertheoilcrash.net
The principle proponents of this theory include George W. Bush, Dick Cheney, Bush's energy advisor Matthew Simmons, the president of Exxon Mobil, leading environmentalists, and Michael Moore. As Matt Savinar (lifeaftertheoilcrash) points out, any time Moore, Cheney, Bush, and big industry experts and environmentalists agree on anything, it's safe to say the shit has hit the fan. You can read a great collection of their sourced statements at lifeaftertheoilcrash.net.
In the course of my research, I realized conclusively that 9/11 was planned and facilitated by individuals within the U.S. government, a realization which, coupled with the ramifications of peak oil, has taken a great psychological toll on me. I threw $1,000 into SPRL at $.15 after reading several boards, strat's website, and looking at the chart, but pulled out after one week at $.15 because i was weary of the intentions of all the pumpers, and was a bit anxious waiting for the Russia trip. If Strat ends up taking off, i'll be very regretful, but i'm actually in a money crunch right now after paying for this semester's tuition and books, so i can't afford to lose the money. Much of my savings is invested in JCC, we'll see how that goes. In all honesty, i really don't know what i'm doing in investing. My main goal is to profit from the oil crisis, seeing as how there's nothing anyone can do to stop it. Rather than aim to personally profit, i thought about trying to inform people on a mass scale. As evidenced time and time again from my own personal experience, most people would much rather kill the messenger and embrace wishful thinking, false hope, and denial ("Hydrogen will save us, even though 90% of hydrogen fuel cell energy is derived from fossil fuels!"). LOL.
All of my SPRL posts stem from being banned by John Hollen, which pissed me off (with the exception being the aforementioned question i posted to Hollen regarding using Mike Ruppert as a source).
What brought you to SI?
Jesse |
