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Have You Seen the Peak Oil Clock?

Own the Peak Oil Clock at no cost

Written by Brian Hicks
Posted October 12, 2007

Dear Wealth Daily reader:

Roughly a year ago – on October 16 – we published a report called Peak Oil Has Changed Everything.

It became one of the most widely read reports we’ve ever released. And for good reason...

In it, we showed you why the Iraq invasion was largely an effort by the US government to delay the effects of peak oil. I urge you to read it again, because the evidence is quite convincing, if not shocking.

But even though the report was published a year ago, the global march continues unabated to peak oil and even has taken on the momentum of a colony of army ants to a chick that has fallen out of its nest.

In fact, in the last 12 months, we’ve learned...

•    There’ll be a race, maybe war, to claim the oil reserves in the Arctic

•    How China has become neo-colonialists in Africa to secure the continent’s oil assets

•    And that a former energy advisor to George Bush and Dick Cheney thinks oil could eventually reach $300 a barrel

And yesterday, we got more confirmation that there’s no turning back from the abyss:

On Thursday, the Energy Information Administration said crude stocks fell by 1.7 million barrels last week. Analysts were looking for a gain of 1 million barrels, according to a Dow Jones poll.

The decline in U.S. stockpiles corresponded with an International Energy Agency report the same day that showed a decline in stockpiles across developed countries.

The IEA also left its demand projections for 2007 and 2008 unchanged, despite record prices. IEA says worldwide demand will grow by 1.5 percent in 2007 and 2.4 percent in 2008.

"There seems to be a lot of concern over sufficiency of supply for the upcoming winter," said John Kilduff, an energy analyst at MF Global in New York. –CNN Money, October 11, 2007

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The price of oil shot up more than $1.50 per barrel on the supply shortfall… and now sits near record levels:

chart

Here at Wealth Daily, we’ve been sounding the Peak Oil alarm for years:

•    “...heck you can kiss $45 a barrel goodbye... maybe even $50! In fact, we're probably facing a price spike between $80 to $100 a barrel within the next 24 months.”  –Brian Hicks, January 18, 2006

•    “Our resident energy expert, Mike Schaefer, believes that oil prices will continue its rise... heading to at least $80 near term... then to $105 a barrel in the next 3 years.” –February 7, 2006

•    “...I think these estimates are a bit on the conservative side, and we should see $80 oil this year, no problem.– Chris Nelder, January 18, 2007

We’ve published hundreds of articles on the subject, have talked about it on CNBC and Bloomberg, held a conference on its global ramifications, and have published a book on how to profit from the coming transition into renewable and alternative energies.

book

And we’re still convinced that Peak Oil represents the first great crisis of the 21st Century.

Even with oil at record levels, the majority of people still have no idea what peak oil is. That’s why we created the Peak Oil Clock… to give people a visual of just how much oil the world is consuming every single day.

clock

We’re asking you to help us spread the word, because this crisis is too serious to take lightly. And we can't do it alone. Follow this link... it’ll show how to add the Peak Oil Clock to your website or blog.

http://www.energyandcapital.net/peakoilclock/ 

It’s time to get serious,

sig

Brian Hicks

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