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The Oil Factor: Protect Yourself and Profit from the Coming Energy Crisis By Stephen LeebDonna Leeb ( Business Plus )
Release Date: 2005-02-01
Average Customer Rating:
List Price: $13.95
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Product Description
Financial guru Stephen Leeb predicts an inflationary 'perfect storm' that will lay waste to millions of portfolios if investors don't prepare ahead of time. In this perilous period, it will be essential to pay attention to the price of oil, because as prices fluctuate, so, too, will the economy. As Foreign Affairs recently pointed out, to support the world's population, oil production must rise in the next 20 years from 75 million barrels a day to 125 million - a 66 per cent increase! And yet all over the world - from the North Sea to Mexico to Venezuela - come reports of production capacity maxing out. Result: pressure to raise output will mean higher production costs, which will mean vastly more expensive oil. But there is a way to diversify away from disaster: by investing in energy producers and dedicating a significant part of one's portfolio to real assets that keep their value relative to inflation. Here, Stephen Leeb helps readers pick the 'energy-producer star performers', reveals the 'double payoff' to investing in metals like platinum and silver, explains why the stocks of 'mega-insurers' are a safe bet, and shows how investing in real estate does not have to mean actually owning it.
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 Great Book
This book contained some really well researched information that helped open my eyes to how real the possibility is that we could have serious problems if the world doesn't get off it's addiction to oil and get serious about alternative energy. It has some great advice on capitalizing on the coming shortages of oil as well. I recommend this book for everyone, reguardless of your views on the future of energy because there are too many facts contained it in for it to be wrong.
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Informative Book
This is an informative book that provides background, history and perspective about oil and its effect on the US and the world. The book also looks forward and provides insight on alternative energies. It provides insight for investments and possible future impacts for employment in various industries. Well worth the read.
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excellent analysis backed up by facts ( ba_littel )
This book changed my entire investing philosophy. After 2 years of intensive research I have come to many of the same conclusions given in this book. It will open your eyes to the present dilema we face. Do yourself and your loved ones a favor. Read it and pass on the information to who ever will listen.
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A look in the right direction
I just finished The Oil Factor. All in all it was a good read and a primer for what may lie ahead for investors. Other reviewers have remarked on a lack of backtesting to substantiate the authors claim of an equities market driven by oil. Along those same lines I would have like to have seen this graphically represented over a convincing period of time to see how accurate this claim is.
The Author does a good job of describing how the stock market responded during the oil crisis of the late 1970's. This alone makes the book worthwhile. Additionally his treatment of inflationary and deflationary pressures on equities is equally revealing.
Looking forward the Author makes some broad and specific stock recommendations in the anticipation of higher crude oil prices and it's effect on economies. These recommendations, if not accurate, are helpful for forward thinking investors.
Some of his assertions regarding alternative energies I suspect are not entirely valuable from an investment standpoint. I would have liked to have seen footnotes along with the claims made for alternatives, particularly wind power. The idea of wind producing a substantial portion of US energy, absent of subsity, at a cost competitive with coal, nuclear and natural gas seems suspicious. Considering the need for a 100% backup capacity from convetional sources, the maintenance intensive nature of windmills and other costly problems, I would have liked to have seen this claim accompanied by more numerous and reliable source citations.
Nuclear Power seems to be given only cursory consideration despite it's rapid deployment worldwide. The Author apparently underestimates the economic argument for Nuclear Power as a major source for electricity, hydrogen and desalinazation. I believe this minor flaw is an investment opportunity missed by the book, but time will ultimately provide that answer.
It's certainly a worthwhile read and I applaud the Author for giving specific rather than generic investment advice.
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Good advice and a powerful message ( bdtronics )
The book offers good investment and economics advice. It is well documented and researched. A little bit redundant at the beginning but once it gets to the point it is quite straightforward. Overall, good reading material and advice.
ps: I never noticed the author had an investment fund until I read it in one of the reviews below.
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