Be Fearful, Be Brave

…Byron King, editor of Outstanding Investments, examined investment opportunities among oil and gas stocks. Because the world is no longer awash in oil, King declared, the energy sector


He was talking, of course, about our petroleum-based economy… in the face of Peak Oil. Once mocked, denied and ridiculed, the realities of Hubbert’s theory are now coming to pass as, one by one, the world’s oil fields pass their peak production rates and ease into decline.

If people like Byron King and Bill Bonner are right, the shock of recognition is going to come. But the flip side of this looming societal trauma, says King, is that all kinds of energy companies will make all kinds of money.

Howe Street