AHHHHHHHHHHHH If the opec rep from one of the worlds largest oil producers thinks things are coming to an end, where can I put all my money. http://news.xinhuanet.com/english2010/business/2010-12/08/c_13639353.htm Should I invest in car companies - no they rely on cheap oil to power their products Should I invest in miners - No they rely on oil to use heavy machinery to mine and deliver products Should I invest in Airlines - No surely someday someone will invent a nuclear powered airplane Should I invest in banks - Well if all the airlines, miners and car companies go out of business, how are the employees going to pay back their loans. Probably the best investment one could have, is in the companies that control the remaining oil. The oil companies.
Oil is a new world currency. once it has been depleted, we go back to the old world money Silver/Gold...It is quite simple.
Olde Worlde Accessories should do okay. Eye patches, Wooden stumps for gangrenous legs. Carrier pigeons and wooden wagon wheels. Horseshoe fitters should make a comeback.
In the end military will seize the last drop of oil. You can see USA is starting to do that with their "War of Terror" scam going on in Middle East. Sticking a windmill on top of fighter jet is not an option, neither putting solar panel on top of battle tank!
It is a wonderful theory people have. I just hope those miners in perth can drive their electric cars to the airport, to hop on their electrically powered plane to port headland (or where ever), hop in their electrically powered diggers to allow them to load iron ore onto the electrically powered ships, so they can make steel to make those electrically powered cars.
Getting back to the to the original question." What Investment doesn't need oil". The answer is: Water. Yawn .
Fred Flintstone did okay with all the mod cons and he didn't need oil. If only we can make some more compliant dinosaurs to do our work for us. Yabba Dabba Doooo!!!!
