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1 Comment
The Only Chart True Investors Need to See
I can't say that I'm completely on board the "peak oil" theory as yet, but you have to admit the correlation between these two charts is remarkable.
There was slow, steady growth in the marketplace right up to the time that cheap oil (almost 'free' energy) made its impact upon the economy. Now, when you look around, nearly EVERYTHING is either built with, or facilitated, by this powerful source of energy.
While the economy is predicted, by your chart and your article, to continue ever-upwards, our cheap oil at some point begins to diminish. This even as India and China decide THEY all want cars and a suburban (i.e. drive around a lot) lifestyle just like us Americans.
Of course you've got "experts" telling us that we're not running out of oil, but when you read between the lines, no one said we're "running out" -- what's happening is we're getting near to have pumped out half of the recoverable portion. At that point, production goes down. It HAS to go down.
The interesting thing will be to see how this affects your stock market chart when it happens, whether it's in the next few years, or 30 years from now...