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The Coming Economic Collapse: How You Can Thrive When Oil Costs $200 a Barrelby Stephen Leeb
Synopses & ReviewsPublisher Comments:With a nineteen-year history of making bold yet astonishingly accurate forecasts, it is little wonder that when Dr. Stephen Leeb speaks, smart investors take heed. In his 1986 book Getting in on the Ground Floor, Dr. Leeb prophesied the great bull market of the 1990s. In his 1999 book, Defying the Market, he warned investors of the coming collapse in technology shares. And in February 2004, when crude oil cost under $33 a barrel, Dr. Leeb's book The Oil Factor predicted soaring energy prices were just around the corner. Now, in The Coming Economic Collapse, Dr. Leeb proves that the U.S. economy is standing on the brink of the biggest crisis in its history. As the fast-growing economies of China and India push global demand for oil beyond production capacity, Americans will experience a permanent energy shortfall far worse than the one in the 1970s. The result will be severe financial hardship for most people, and a once-in-a-lifetime opportunity for investors to become incredibly rich. Backed by meticulous research and analysis, Dr. Leeb exposes the psychological "groupthink" that has caused leaders in government, Wall Street, the oil industry, and academia to ignore the approaching crisis, until now when it is almost too late. He debunks the myth that petroleum supplies are limitless, and reveals the truth about an alternative energy source that is fast becoming cheaper than oil. In addition, he offers practical solutions such as:
Book News Annotation:Going far beyond the usual advice to stock up on freeze-dried food
and live in a bunker, financial journalist Leeb is convinced our
dependence on oil and the dwindling supply is a classic case of
impending disaster, in which most will suffer but those who follow
his investment advice will become very, very rich. He covers how we
tend to think about energy as an everlasting resource, the ways in
which government and other institutions are aggravating the problem
and what they could do to solve it, the conditions of everyday life
in a world of constant energy crisis, the development of China and
India as mega-markets that hasten the energy doomsday, and proactive
ways to make the most of what he believes will be a desperate
situation.
Annotation ©2006 Book News, Inc., Portland, OR (booknews.com) Synopsis:In this incredibly timely book,renowned economist Stephen Leeb shows how surging oilprices will contribute to a huge economic collapse bysoaring to over $100, and perhaps $200, a barrel- andtells how you can avoid the pitfalls of the upcomingcrisis. Synopsis:A renowned economist and author of "The Oil Factor" explains how surging oil prices will contribute to an economic collapse, but shows readers how savvy investing can turn these dire times into financial gain. What Our Readers Are SayingAdd a comment for a chance to win!
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