BUSINESS

By Alan Marston, 23 June, 2008

 

"It's no secret anymore that for every nine barrels of oil we consume, we

are only discovering one." The BP Statistical Review of World Energy

 

The global economy is addicted to oil. In just 8 years it's projected we will be consuming nearly 50,000 gallons of oil every second. By that time, the planet won't be able to meet the projected demand, for one simple reason: We're using up oil at breakneck speed.

 

And it's also no secret that official oil reserve numbers published by OPEC member governments have been fudged for years. The International Energy Agency (IEA) even admitted to knowing about some of OPEC's wizards cooking their books. Yet OPEC claims they can increase their production to 20 million barrels of crude oil per day. But how can they increase their output when it's been found that OPEC Middle East oil nations, even Saudi Arabia, are pumping oil from known "post-production" fields? There's one

answer... It's called the "Peak Oil" crisis, and it's happening on a global scale. And while most people stand by with blinkers on, savvy, strategic investors are beginning to catch on and get rich(er). You can be one of them!

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They're violent, they're ruthless, they have caused misery to many, but you can't fault their business sense: mafia bosses know how to make a profit.

 

Its practices may be largely illegal, but Cosa Nostra is not as retrograde, or conservative, as it has often been portrayed. Its raison d'etre is profit. Like any business, it is pragmatic and constantly changing to exploit new opportunities.