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Profit from the Peak: The End of Oil and the Greatest Investment Event of the Century Hardcover – May 2, 2008
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There is no doubt that oil production will peak, if it hasn't already, and that all other fossil fuels will peak soon after. The important questions for investors are: when will it happen, to what extent, and what can I do to capitalize on it?
According to authors Brian Hicks and Chris Nelder, we're quickly facing the end of our oil-based economy. Half of the world's known oil reserves are gone, and with roughly a trillion barrels remainingand consumption up to eighty-six million barrels a daythe world has about thirty years of oil left. And that's a best-case scenario.
But every crisis contains the blueprint for its own solution. As entrepreneurs, inventors, the scientific community, and even Big Oil race to find the next abundant energy source, the largest potential crisis of the twenty-first century has also become the greatest investment opportunity of this century. In fact, the International Energy Agency (IEA) estimates that at least $20 trillion will have to be invested over the next twenty-five years to meet surging energy demand.
Divided into three comprehensive partsThe Crisis in a Barrel, Making Money from the Fossil Fuels That Are Left, and Energy after OilProfit from the Peak contains the information you need to successfully navigate this epic event. Hicks and energy expert Chris Nelder take a hard look at the future of oil and gas, discuss how you can effectively invest in these resources, and detail the potential profitability of energy alternatives that are poised to power the years ahead. Along the way, they also explore the potential, as well as the inherent limitations, of each major energy source and carefully cover the investing angles of each one.
Filled with in-depth insights and practical advice, Profit from the Peak will help you understand this ever-changing marketplace so that you can excel in it. Issues addressed include:
What is Peak Oil?
Which companies are best positioned to take advantage of this event?
What does the future hold for all fossil fuels?
What investment opportunities are available in the solar, nuclear, geothermal, and biofuel sectors?
How can we adjust our infrastructure to accommodate various alternative energy options?
And much more
But Profit from the Peak is more than just a guide to capitalizing on a potential energy crisis. By asking how this situation could affect you as both an investor and an individual, it offers a sobering assessment of where we are and what it will take to find a way forward amid the coming changes.
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Top Customer Reviews
The human race could adopt a simpler life. The only way that can happen is if we have a massive die-off of most of the human population. Also, it would be a society where people die young due to lack of modern-day health care, and so forth.
I believe the assumption the authors have made regarding energy demand are sound. People WANT to live what they perceive to be a better life. Some of the aspects of such a life are: advanced health care, the ability to travel, the ability to have a career involving challenging intellectual pursuits, as opposed to having to devote one's life to doing grunt work in order to put food on one's own table.
I am totally prejudiced on this matter. I believe the amenties of modern society have been of tremendous benefit to me. (frankly, if I had lived in older days, due to my physical frailties, I no doubt would have died long ago).
Now a few people may prefer the simpler life, but the vast majority of the people of the world want the amenities that we in the developed world have. I don't see the people of China saying, "hey, we'd rather spend our lives harvesting rice and living in mud huts".
OK, so much for the rant, now on to my review.
The book is a good overview of the peak oil situation. For those not familiar with peak oil, it provides a lot of the fundamental facts that those who have studied this issue have discovered.Read more ›
Personally, I think this volume has within its covers information that can make the reader a fortune. And, Heaven forbid, if things really go off the deep end, it could literally be a life saver.
I've been reading Hicks' work for years now, and can attest to his uncanny ability to take the big picture and distill it into a series of concise, clear and highly profitable steps, time and time again.
Teamed up with Chris Nelder, the duo has really hit this one out of the park. Even a true novice to the concept of Peak Oil can pick up this book and come away with a keen understanding of the core concepts, and a bullet-proof strategy for long-term profit.
For the investor, the principle of Occam's Razor is true here; Go long oil, in all its incarnations. But doing so without understanding exactly how the world got to this point--a total dependence on a finite energy source--would do one a disservice.
There's simply too much at stake, globally and personally, not to be fully up to speed on the concepts and strategies explained so eloquently in Profit From The Peak.
I urge any serious thinker, investor....anyone at all, to read this book as soon as possible. Tomorrow may simply be too late.
Right from the get-go I was suspicious. The authors allude to several well documented factors and effects of energy production and improvements in energy efficiency, but then they ignore them all together for the rest of the book. For example, they discuss the "rebound" effect that results from improvements in efficiency, but then go on to discuss a more-or-less business as usual strategy while simultaneously claiming that, more or less, things can't go on the way they have forever and that there are limits to everything.
It's almost as if the authors wanted to write an inspiring book that people would want to buy, but that they were willing to sacrifice all of their integrity just for the sake of being able to publish the thing.
Furthermore, if you look at the investment recommendations in each chapter, you can clearly see that most of the investment ideas they have presented have continued to decline in value, or that they have done no better than any of the other stocks in the market. It appears as if they just took a dartboard approach to the energy industry for their recommendations.
Don't buy it, it's a waste of money.
The idea of profiting from this information needs to be put into perspective though. The great Peter Lynch would often extol the virtues of investing in things that we encounter in our every day lives rather than taking the advice of investment gurus who might have other agendas. To that extent, this book makes a lot of sense for patient investors. The challenge of investing in new energy technology is that you are dealing with a lot of very small companies. These companies have the right ideas but they also have a long distance to travel from emergence to market leadership and potential investors should be wary and expect to hold their invvestments for considerable periods of time. Many companies will not make it and will either be gobbled up by larger companies or go down in flames. So investing with a wary eye is critical and following the sector and individual companies, especially chat groups on the Internet may be a good strategy. Investing in these emerging companies is not for the faint of heart though they are mostly onto something important.
Most Recent Customer Reviews
After reading it and listening to "fracking" I don't think we have hit the peak yet. Great delivery and excellent conditionPublished 16 months ago by DAVID M. DOAN, MD
This book helped find growing investment opportunities in crude oil production and shipping. It, however, did not emphasize the volatility of crude oil prices.Published on January 23, 2013 by Thomas Segar
Read this book for curiosity's sake. If you think it's fun to watch self-proclaimed "experts" miss, by a mile, the biggest energy story of the new millenium. Read morePublished on February 8, 2012 by Peter Cacioppi
The authors of this superb book may not be well-known, but they have written the absolutely best peak energy book that currently exists. Read morePublished on March 10, 2010 by David Marks
I was going to do reviews of two books on opposite sides of the peak oil question, but the book on the negative side was never sent to me. Read morePublished on January 23, 2010 by David Merkel
This book does a very weak job of offering investment advice. It does a very good job of explaining where we stand in terms of energy resources and options, but then offers advice... Read morePublished on August 28, 2008 by Dr. Finance
I consider this book as a must read re the oil crisis. I learned a lot of things about oil that I never knew i.e. a barrel of oil can only produce about 16 gallons of gasoline,Published on August 25, 2008 by R. Dowd
It is en excellent book because one can have a good explanation about a very complex issue, therefore, one can understand better what happens whith the oil prices.Published on August 1, 2008 by Carlos Garcia