Register for Free
Post comments, receive updates via email, gain access to exclusive content, and more.
Spam Safe!
For enrolled members only. Enroll now to gain full access to all Martenson Reports.
EmailIt's Official: The Economy Is Set To Starve
Tuesday, November 23, 2010
Executive Summary
- The age of conventional oil is over, but energy demand will continue to climb.
- Natural gas is the "silver" of energy plays.
- The inexorable onset of Peak Oil will drive natural gas much, much higher.
- A tipping point of awareness approaches.
- Prepare for extreme market volatility.
Part I
It's the End of the Oil As We Know It...
Please click here to read Part I of this report.
Part II
Scouring the Globe for Fuel
Please click here to read Part II of this report.
Part III
Okay, so we've come to the conclusion that by the time the IEA, which has every incentive to underplay the timing and impact of Peak Oil, has publicly done everything but hand the world an engraved invitation on a silver platter that reads You are cordially invited to accept the reality of Peak Oil, it's already past time to begin making whatever adjustments you are going to make.
Remember, it is my view that when the changes finally arrive in full force, their speed will overtake most people's, countries', and companies' ability to react gracefully. (Click here for a recent report on this subject). Which means that the time to begin these efforts, if you have not already started, is now.
But we've gone over this in quite a bit of detail recently, and so I will not rehash those thoughts here and now. This report begins with the assumption that you have taken care of the basics: food, water, energy, and shelter. Further, you have gold and silver. You've got enough spare goods, parts, and necessities to take care of yourself, your family, and a few others besides. You've safely removed a comfortable portion of your wealth from the paper-based banking and financial systems. You are diligently working on building your local community.
Okay, so you've done all of that. Now what?
Your faithful information scout,
Chris Martenson
Copyright 2010, Chris Martenson. All rights reserved.
Print
Comments
Fantastic report Chris. Your best yet. Combining your QEII report and this one on peak oil, it is clear that the crisis is fast approaching.. Please accept my deepest appreciation. Without your work I wouldn’t have a clue and would have been blindsided...
Enroll today to read more.
Well said, thanks Chris.
Now for that hybrid solar/ hydro/ wood gas power system for the house....
And spare tires/ tubes for the bicycles.
To anyone
I have questions regarding investments, after personal preparations and precious metals.
I have been considering investing in natural gas companies and railroads because of peak oil. I’m especially interested in companies in Canada because of their sounder financial system, economy, and dollar...
Enroll today to read more.
Dr. Martenson,
Another excellent report and a big thanks for pulling it together. I keep telling people who are focused on the financial crisis that the fun is just getting started. Considering the unfolding European banking crisis and with the addition of today's events in Korea, we are accelerating towards a massive disruption in our society and global markets...
Enroll today to read more.
Chris:
Great report! I found it interesting (and timely), that on today's show, Glenn Beck mentioned natural gas as an investment to look into for the future.
Travlin -
*Enroll to see Link*I just cannot see how any stocks in the US or Canada can justify paying today’s prices when the odds make a large crash seems likely in US stocks and the US dollar."
I agree, but I just couldn't sell out of my oil & gas favorites with such juicy yields...
Enroll today to read more.
Well, between Dr. Martenson's article and Rector's response, I've decided to go back to the 1st stage of awareness, denial. I was originally only going to go back to the depression stage, but I checked with a couple of friends of mine and they concur with this statement by the Exxon executive:
“There’s enough oil to supply the world’s needs as far as anyone can see...
Enroll today to read more.
I've been investing, ok, uh gambling, with the UNG ETF all year. It's very volatile, but I've been able to pay for some firewood and oil with my gambling proceeds. *Enroll to see Image*
*Enroll to see Link* talked about Uranium this week...
Enroll today to read more.
well i agree with your assessment, travlin. otoh, it may be that with the qe happening the stock market will go up up up...as it did in zimbabwe. for those of us with 401k money or ira money that is trapped by regulations, it would seem that commodity stocks are about the only option, unless you want to buy precious metals that you can't hold...
Enroll today to read more.
lannij -
IMHO even commodity stocks are at risk short term. It wouldn't take much, as we saw today, to bring on a severe drop across all sectors. Commodity stocks may not be excluded because of a preceived drop in demand if we slip into a double-dip recession...
Enroll today to read more.