If you have Netflix Instant Watch you may want to add this to your queue. The movie deals with the concept of Peak Oil, a theory that the world is quickly running out of oil and there are no real alternatives to replace it (at least at this point). One of the primary people interviewed was the outspoken, but well respected Matthew Simmons (who interestingly enough drowned in his hot tub not long ago…). This documentary is truly shocking. The bottom line is that we need new sources of fuel that are not based on oil.
The sun represents the best source, but we have not developed the resources necessary to store the sun’s energy in a real efficient way (but we are making strides, just slowly).
If there is only a 5% chance that Peak Oil Theory is true, then the stock market is not valued correctly. The implications of this theory being true are unimaginable. While our leaders waste time squabbling about the debt ceiling, our future gets closer.
I encourage you to watch the video and e-mail me with your thoughts and comments.
Scott Dauenhauer, CFP, MSFP, AIF