Our story begins with “Peak Oil” – the belief that conventional production of crude has already peaked, and has already slipped into an irreversible decline.
October 29th, 2009 | Byron King | 0 comments | ContinuedArchive for Byron King
Byron King currently serves as an attorney in Pittsburgh, Pennsylvania. He received his Juris Doctor from the University of Pittsburgh School of Law in 1981 and is a cum laude graduate of Harvard University. Byron is also co-editor of Outstanding Investments.
Peak Oil – The Risks
Yes, the worldwide total output of what we generically call “oil” has risen – slightly – in recent years. But that’s because there are increasing volumes of natural gas liquids (NGLs) in the mix…
October 28th, 2009 | Byron King | 0 comments | Continued
China is a Key Driving Force in the Gold Market
We already knew that the Chinese are buying gold – and hoarding it. For example, China is the world’s largest gold-mining nation. China mines more gold each year than the US or South Africa.
September 16th, 2009 | Byron King | 1 comment | Continued
Biggest Problem With US Economy is Too Much Debt
Debt is ubiquitous across US society. Debt permeates the culture. Practically the whole nation has bitten off more than it can chew.
September 2nd, 2009 | Byron King | 0 comments | Continued
Does Bernanke Really Not Understand His Fate?
Mr. Bernanke defended himself and the Fed against suggestions that he was too eager to aid large financial institutions last fall and winter, while sacrificing the interests of small businesses and everyday American citizens.
July 31st, 2009 | Byron King | 13 comments | Continued
Federal Reserve Predicted that U.S. Unemployment Rate Would Surpass 10%
That’s no big surprise. The true U.S. unemployment rate as at least 15% already when you factor in the long-term unemployed who are not carried on the “official” books.
Then the Fed made a shocking prediction.
July 24th, 2009 | Byron King | 0 comments | Continued
Iran Suffering from Own Version of Peak Oil
What’s going on in Iran? When the old guard starts shooting the young people, that’s not a favorable sign for the long term.
Last time Iran had a revolution, in 1979, it ushered in turmoil in the oil (and gold) markets for several years. Of course, the invasion by Iraq in 1980, and subsequent war, had something to do with it as well.
DMCC and their Precious Metals Vault
Because from that distant desert kingdom comes word that the Dubai Multi Commodities Centre (DMCC) has finished building a state-of-the-art precious metals vault, with world-class tracking and security systems.
May 28th, 2009 | Byron King | 0 comments | Continued
Geothermal and the Energy Policy
Thus the research literature is coming out strongly in favor of “doing something” about climate change. And policy-makers are using this research literature to justify doing what they’ve wanted all along, which is change the world as we know it.
April 30th, 2009 | Byron King | 2 comments | Continued
Geothermal: Clean, Green, Reliable Power
I’ve said it over and over: Geothermal is a clean and green way of generating electrical power. It has worked for over 100 years. OK, there’s still more new technology to invent. You can always tweak and improve everything. But the basics are there with geothermal. It’s not rocket science.
April 3rd, 2009 | Byron King | 15 comments | Continued