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Tuesday, December 16, 2008

A Crude Awakening to Amory Lovins (VIDEO)

"Formula for success: Rise early, work hard, strike oil." - Jean Paul Getty

You know, it's very indicative of what I call the 'human problem'. When Oil was selling for $145 a barrel during the summer of 2008? Everyone was losing their minds. Oil was in the news every day, and terms like "Hubbert Discovery and Production Oil Curves" were becoming household names. Everyone was talking about "Peak Oil".

Now, with a possible Depressionary environment and subsequent weakening demand looming? With Oil at $50.00 a barrel at the time of this writing? No one is talking much about Peak Oil any longer. You'd think we grew more of the stuff overnight or something. Gasoline at the pump is cheap, and suddenly, as a collective community, we no longer care about the scarcity of the oil that runs civilization.

But the problem has not disappeared. We are quickly running out of this very real non-renewable fuel. It took hundreds of millions of years for this valuable commodity to be produced by geological forces, and humankind has nearly sucked the earth dry.

Thom363 of YouTube recently recommended a documentary that discusses this problem to myself. "A Crude Awakening" and was interested in my thoughts on the film.

I review the documentary in the following vlog, and offer some thoughts of my own on the topic ...

(Video Included. If you're seeing this from Email subscription? Click on the Title Link in the Email to View the Video ...)

The documentary is worth watching, for no other reason that it aptly highlights the reality of the problem. I think it does so it with a bit of 'over the top' melodrama. But then again, it is a very real, and very, very serious problem.

Here is a link to a video that is over one hour long, featuring Amory Lovins and "Winning the Oil Endgame". I truly recommend it to any and everyone. I find it interesting that many competitive businesses are already beginning to implement Amory's plans.

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Note: This is not an investment or trading recommendation. The losses in trading can be very real, and depending on the investment vehicle, can exceed your initial investment. I am not a licensed trading or investment adviser, or financial planner. But I do have 12 years of experience in trading and investing in these markets. The Challenge accounts are run for the education of other traders who should make their own decisions based off their own research, and tolerance for risk.

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