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The Oil Factor: Protect Yourself from the Coming Energy Crisis

By: Stephen Leeb Donna Leeb
Binding: Paperback
Publisher: Business Plus Imports
ISBN: 0446694061
ISBN-13: 9780446694063
Released: 05 May 2005
RRP: £11.99
Average Rating:

Customer Reviews

Highly Recommended ! - By: Rolf Dobelli, 23 Feb 2005
Authors Stephen & Donna Leeb present a compelling futuristic investment scenario that leaves you thinking, "You know, they just may be right." Their approach avoids the sky-is-fallling, bus-rushing-toward-the-precipice breathlessness that is common to many books that predict impending doom & gloom. The authors escape slipping on that particular patch of oil by basing their conclusions on established facts & keen analysis. For example, they rely on the widely accepted principle of Hubbert's Law when they assert that worldwide oil production will soon begin to decline. That's hardly news, but they take it a step further. They predict rising oil prices will spur inflation & the Fed will be unable to jack up interest rates to dampen it. High consumer indebtedness & the profound need to keep home values high (which props up consumer spending - the real engine that fuels American prosperity) will render the vaunted Fed feckless. Is it true? Well, about once a decade an Armageddon-is-coming book emerges that ought to be read by every investor, if only so that you know enough about what might happen to dodge it. We say this may be the one. One thing is clear regarding the global economic engine: it's time to check the oil.