Whither the petrocarbo man. Oil as we know it will never regain its power over the world, and that development will have a life-altering impact on many economies around the world.
All throughout the 20th century, oil meant wealth. Not just for the producers of black gold like the Saudi sheiks or Texas wildcatters, but for consumers of the commodity as well. Take South Korea, for example. It went from consuming three barrels per capita in the 1950s to 28 barrels per capita by the 2000s as it moved from being an impoverished nation ravaged by war and colonialism to one of the dominant economies of the world.
Oil is energy. Energy is wealth. And wealth is civilization.
|Will oil’s grip over the world’s economy be lost forever?|
Little wonder then that crude has had such a hold on modern society as we constantly seek to harvest more and more energy for our economic needs. But as the new millennium beckons, oil may well become the radio of the 21st century. An anachronism that we keep around for limited use.
That’s because powerful as it is, oil comes with many, many unpleasant side effects. It’s expensive to extract, it’s expensive to refine and bulky to transport. But most importantly, it’s dirty. It’s very, very dirty. Perhaps no one said it best than the Governator. In a widely circulated Facebook post titled “I don’t give a **** if we agree about climate change,” Arnold Schwarzenegger asked: “Do you believe it is acceptable that 7 million people die every year from pollution? That’s more than murders, suicides and car accidents — combined.”
Certainly, the Chinese and the Indians agree. Their citizens are tired of the “red alert” days where the smog is so heavy that people literally cannot go outdoors. The fact of the matter is that if the rest of the world is going to achieve U.S. living standards, it won’t be able to do it through further exploitation of oil. If the average Chinese used as much energy as the average American, we would all choke to death.
Preliminary 2015 results are in, and subscribers in my Interest Rate Speculator had the opportunity to generate annual profits of up to 38%. That’s in a year where the average stock lost significant ground, and the S&P 500 went nowhere. Moreover, individual trades soared as much as 129.5% … 170.8% … 248.2% … even 369.7%! Click here to get on board now! –Mike
That’s why the future of energy is solar. The sun produces enough energy in an hour to power the world for a year and our ability to harness that energy is improving every day. Don’t be fooled by the pretentiousness of Elon Musk and Tesla or the toy car idiocy of Google cars. All transformative technology looks goofy at the beginning. Remember lugging that Compaq suitcase called a laptop in the mid 1980s?
At this point, all the major auto companies are now feverishly working on changing their fleets from a combustion engine to an electric one. Even that poster child for polluters — Volkswagen — has just showcased a self-driving electric car that it sees as the transport of the future.
Once the combustion engine goes the way of the horse and buggy, oil will stop to matter. And that change could happen much quicker than we all believe. That’s why what you are seeing in today’s oil markets is not merely a bearish cyclical decline led by a slowdown in China and overproduction by the Saudis, but a structural change that will transform the market and the world economy in ways that few people can imagine.
We will show you how this once-in-a-lifetime story will play out in the currency market, offering those investors savvy enough to understand it, massive profits over the coming years.
Boris and Kathy
P.S. THE LAST GREAT BULL MARKET OF YOUR LIFETIME is upon us.
In times of global crisis and calamity, there are windfall profits to be made … for those who know where to look.
For the uninformed, your retirement and your family could be the ones that suffer.
To make sure you’re on the right and PROFITABLE of this crisis, Larry Edelson has prepared a special FREE report called Winds of World War III.
In it, you will learn everything you need to know to profit from the TRILLIONS of flight capital flooding into the world’s last safe havens.