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If you truly beleive in peak oil and are looking at investments then invest in an oil and gas company or invest in property or a business associated with extraction activities.
The oil price is high and tipped to stay high and production costs havent risen much so the stretch is bigger. Extraction technology is also improving we can now get it from deeper in the ground and deeper under oceans and also under ice fields. Oil companies are doing well. I think we will keep finding it and the price will keep increasing to a point where alternative energy becomes viable. I dont think alternative energy will become cheaper rather hydrocarbon will rise in price such that it is the same cost as alternative energy.
We are setting up a new company in Abu Dhabi and up there they plan to double the oil extraction capability in the next 5 years that is a huge committment as it already is a big prodution centre.
The biggest growth in domestic onshore oil and gas is coal seam methane gas in western queensland. There is a lot of devleopment work underway and the local economy will benefit from this. Have a look at what Santos, Origin, AGL, Arrow and QGC are up to in QLD and you will see that there is a lot going on right now.
Thanks for the info guys I am blown away by it all, I also got this message back about Westan and his brother I dont know if this is all a beat up but it is weird
AN AMERICAN TRAGEDY
http://www.jenman.com.au/news_item.php?id=397
We have two aims with this URGENT MESSAGE.
First, to help trapped investors (one in particular).
Second, to prevent other investors from being trapped.
For some time we have had grave concerns about offers made to Australian investors regarding property in the United States.
We have just completed an investigation into a group of both Australian and American spruikers who are mixed up in one of the most sordid scams we have ever had the misfortune to report.
We have no idea (yet) how many people have been caught. One of our US contacts believes hundreds of Aussie investors have been caught. It could be thousands.
In an article released yesterday, we highlighted the case of just one investor – a seriously ill single mum whose life has been torn apart after being persuaded to invest in what seemed to be a magnificent property deal in America.
Instead it became a living nightmare.
Today, this single mum says she is struggling to feed her three children.
All of the five spruikers involved in (or connected to) this scam have trumpeted the benefits of investing in America; four have publicly trumpeted the fact that they are Christians with the inference being that investors can trust them.
From what we have discovered, we urge all investors NOT to trust any of these spruikers – at least until extensive research is done on any property being offered. And, by “extensive research” we mean advice from people other than these spruikers.
Yesterday, I spent 15 minutes speaking with one of the Australian spruikers, a bloke called Alvin Johnson.
As he wriggled, squirmed, ducked and weaved, I pointed out that between him and his brother (Westan Johnson) they had spruiked the fact that they were Christians and boasted about their success.
How about doing a Christian act and using some of your wealth to help this single mum to put food on the table? I suggested.
He wanted to think about it. Think about it??
I said time was running out for this woman. I then suggested that if he felt he had done nothing wrong, he may like to explain himself to the Australian public. Would he agree to…
“I know where this is going,” he said.
And then he hung up.
Don’t you just love the way these spruikers run for cover when their schemes go wrong and they are asked to explain themselves in public?
If you are thinking of investing in the United States, we strongly suggest you read our article on this American tragedy…
http://www.jenman.com.au/news_item.php?id=397
Take great care.
