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| Profit from the Peak: The End of Oil and the Greatest Investment Event of the Century (Angel Series) | 
 enlarge | Authors: Brian Hicks, Chris Nelder
Publisher: Wiley
Category: Book
List Price: $27.95
Buy New: $14.95
You Save: $13.00 (47%)
New (36) Used (9) from $14.95
Avg. Customer Rating:  20 reviews
Sales Rank: 16488
Media: Hardcover
Number Of Items: 1
Pages: 286
Shipping Weight (lbs): 1.1
Dimensions (in): 9.1 x 6.1 x 1.3
ISBN: 0470127368
Dewey Decimal Number: 333.823
EAN: 9780470127360
ASIN: 0470127368
Publication Date: May 2, 2008
Availability: Usually ships in 1-2 business days
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| Customer Reviews:
 Oily crap June 8, 2008
7 out of 40 found this review helpful
What a load of crap, They just found a big oil field off the coast of Brazil 2 fields in fact. 1/3 to 1/2 of the Gulf hasn't been explored.There is according to "Energy and Capital" Special Reports 503 billion barrels of oil in the Bakken Formation stretching from Monatana to N' Dakota another 40 billion barrels on the North Slope of Alaska -maybe more, 175 Trillion barrels thats right TRILLION barrels of oil in Canadian Tar Sands that they can extract a barrel of oil from for about $[...] a barrel-this is reported by Popular Science Apr 2008 issue. 5 Trillion barrels of oil in Oil shale in Colo,Wyo & Utah that they can extract a barrel from from at about $[...] a barrel. There's hundreds million maybe billions of barrels of oil off the coast of Calif and Fla.I could go on and on , but most of you buy into the fear propoganda of Peak Oil a farce that Big Oil & Commodity traders want you to believe to keep making them richer.
My best friend who is retired from Wal Mart and former upper mgt with them has a brother that works on the Gulf oil rigs and he states that he can't count how many excellent producing wells are capped off- I wonder why ?. Beside the earth core keeps producing more oil and oil pools in the Gulf now are refilling up from those deeper deposits seeping upward. All this info is readily available on the webs you just have to search it out apparently these dooms day writers didn't do that.
Event of the Century June 19, 2008
5 out of 6 found this review helpful
My hat is off to Mr. Hicks and Mr. Nelder. This is a very, very good book and well worth the time and money to read it. I do not share the authors optimistic view of the future. I have learned this (1) people cannot or will not imagine an outcome in which they don't want to happen (2) we love good endings in books and movies (3) we love when the good guys always win and we are saved just before the storm. I read comments people post on Peak Oil wedsites and they are already experts on Oil, Saudi Arabia and Russia, yet it's very clear they've never worked in the Oil Industry, never been to Russia and wouldn't know a Saudi if he flew a 747 up his butt. However, Mr. Hicks and Mr. Nelder are well informed and I am impressed with the quality of their technical data and their research. These are two very smart men. I found no mistakes in their technical data in this book. However, they left out one of the most important Peak Oil factors which is labor. Who's going to build our great new energy world? You can't replace 78 million boomers with 48 million Gen Xer's and the numbers after the Gen Xer's aren't good at all. Everyone assumes (without knowing) that people in 2030 will have the knowledge and technical skills to save our energy world. How do you know that? Money is just a claim on someone else's labor. Without labor your money becomes worthless. So Mr. Hicks and Mr. Nelder have us driving into a happy electric future with electric cars and mass electric transit. They say "never sell short humanity." We will be saved by smart creative humans with new technology. Don't hold your breath! This is the same logic that allowed people to believe that the American Civil War would only last two weeks and WWI was "the war to end all wars." Over all I found the book very, very good and the Data Good and some very good investment advice. Regards, Keith Renick, Project Materials Specialist, Central & Western Region Projects Department, Project Management Team, Riyadh Refinery, Saudi Aramco Oil Company, Retired.
 Drilling & Nukes Now June 30, 2008
5 out of 11 found this review helpful
Comments on Chris Nelder quotes.
Re: "Clean" coal? Commercially, it doesn't exist yet, and it probably won't exist in any significant measure for several decades."
After my wife and I recently contracted a sinus infection in China (related to breathing pollution from coal-fired plants), we stayed next door to a coal-fired electric generation plant in Okinawa. Its elaborate smoke-free stack emitted no pollution. Why was it built if not economical in the total sense of the word (before $140 per barrel)?
Re: "Obama's call for a complete overhaul of our national energy policy (if you could even call it that)? Now we're talking. I don't know that he could or would pull it off, but it's definitely the right idea."
How do you retain a semblance of individual freedom and the efficiency of regulated free markets, and have a centraly planned economy like that from which China is at last emerging? Why won't your or "Obama's call for a complete overhaul of our national energy policy" be another great-leap-forward disaster like China's? Will not legally mandated energy policies make us uncompetitive with China, Russia, and other countries?
Re: "Drill offshore and ANWR as soon as possible? Bad idea. I say this not for environmental reasons, but simply from an investing perspective. It won't help very much or for very long, it will take decades to come to market and it will only put us farther out on the limb of fossil fuel dependency. It makes far more financial sense to burn somebody else's oil for as long as possible, and save some of our own for a rainy day, when it will be in much greater demand and much more valuable. Judging from the gathering storm clouds of unstoppable oil prices and declining global oil exports, that rainy day is most certainly coming."
Doesn't "save some for a rainy day" "only put us farther out on the limb of fossil fuel dependency"? And, if "it will take decades to come to market," sholdn't to be ready be ready for "a rainy day"?
Re: "A hundred new nuclear reactors? Never going to happen. We're going to be lucky to replace the existing ones, many of which are nearing the ends of their planned life spans."
I don't find "Never going to happen" a very informative explanation. The US already generates 20% of its electricity from nuclear power and France generates 80%. With $140 oil and electric cars and commuter trains fast coming, replacing old nuclear plants and building new ones is inevitably "going to happen." And why shouldn't it?
Why do you not mention the underlying problem of both energy and environment - unsustainable population growth (doubled in last 50 years).
If you care about oil, this is a must read. April 25, 2008
4 out of 11 found this review helpful
This book is a well written and well-referenced guide about a topic we should all be concerned about; whether we can sustain or survive the end of cheap oil? This is a must have to help understand some of the alternatives to the oil crisis that we are challenged by on a daily basis.
Peak yes, Profit? June 23, 2008
3 out of 3 found this review helpful
There is little to disagree with in the ideas brought forth in this book. There is simply too much credible evidence about the depletion of fossil fuels to credibly deny it. The book provides a good primer for people who have not heard of peak oil and it is worth reading for that reason alone.
The idea of profiting from this information needs to be put into perspective though. The great Peter Lynch would often extol the virtues of investing in things that we encounter in our every day lives rather than taking the advice of investment gurus who might have other agendas. To that extent, this book makes a lot of sense for patient investors. The challenge of investing in new energy technology is that you are dealing with a lot of very small companies. These companies have the right ideas but they also have a long distance to travel from emergence to market leadership and potential investors should be wary and expect to hold their invvestments for considerable periods of time. Many companies will not make it and will either be gobbled up by larger companies or go down in flames. So investing with a wary eye is critical and following the sector and individual companies, especially chat groups on the Internet may be a good strategy. Investing in these emerging companies is not for the faint of heart though they are mostly onto something important.
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