Black Gold
By George Orwel
Wiley (June 5, 2006)
ISBN:0471792683
Rating – 5 stars
July 3, 2006
Preparation for a Pending Wake-up Call
The signs the world is headed for an impending catastrophe
are everywhere. For decades we have enjoyed cheap energy. Many believe we are
headed for an oil peak – the point where the earth’s oil production will begin
declining at a rate of approximately two per cent per year.
Improved technologies may squeeze more oil from old wells;
tar sands and heavy oil conversions may add to the supply. Yet one need only
look at the rising price at the pump to realize there is no longer supply and
demand equilibrium.
In Black Gold, George Orwel explores the implications of
this imbalance for both investors and consumers. He argues oil prices are
prepared for what he terms an “uberspike” which will challenge the woorld’s
economic, political and philosophical order.
The author, an oil analyst and senior writer for the Oil
Daily and Petroleum Intelligence Weekly, provides:
An insightful analysis of
alternative fuel sources – their plusses and minuses and investment
potential.
An insider’s view of Saudi Arabia
and the rest of the Middle East production capabilities.
An analysis of alternative
investments, including ETFs, energy futures and
hedge funds.
This well-written book is a thoughtful and action-oriented
look at what may prove to be the greatest investment and industrial challenge
facing the world’s people today.
