Archive for Byron King

It is apparent that much of the old way of doing business – particularly in the realm of money lending – was rotten to the core. In my view, it begins with the U.S. dollar itself. The dollar has been steadily deteriorating in value for decades, so inflationary expectations are part of the worldwide consciousness. That is, just because of the long-term decline in the value of the dollar, most people expect most things to go up in price most of the time.

Houston investment banker Matt Simmons likes to say about oil, “Supply does not know demand.” That is, in a world of Peak Oil output is going to be whatever it is. New supply is always in a race with inexorable depletion, and depletion will always win. It’s just a matter of time. Matt Simmons or [...]

Let’s take a look at a small-cap play that sells precision-engineered products into the demanding market for energy resource exploitation, where — it is not too strong to say — design or mechanical failure is simply not an option. The company also sells components to the wind energy industry. The company’s name is Kaydon Corp. [...]

When it comes to harnessing geothermal power, the go-to place on the planet right now is the Republic of Iceland. Yes, Iceland. It is a large island at high latitude, composed mostly of dense basalt lava flows. Iceland straddles the Mid-Atlantic Ridge, which provides that country with an almost direct link to the primordial heat [...]

What is going on with Argentina? On the one hand, we sing its praises at Agora and Doug Casey lives there and loves it. Rick Rule has companies that he recommends, that are one-trick Argentine ponies, and I don’t mean polo ponies. Bill owns the Rancho, as we all know. Yet the government is doing [...]

First, here is a fast summary of Peak Oil. “Peak Oil” is a shorthand way of describing a “peak” in mankind’s ability to extract conventional oil from the crust of the Earth due to certain absolute limits on the petroleum resource base. In other words, you cannot extract oil that does not exist or that [...]

Has it really been 188 years?  It seems like only yesterday that Edwin Drake was born on March 29, 1819 in Greenville, New York.  “Tempus fugit”, as I learned in Latin class long ago. And it seems like not very long ago that the good Col. Drake pounded down his oil well at Titusville, Pennsylvania [...]

Cambridge Energy Research Associates Inc. (CERA, for short), of Cambridge, Mass. has released a so-called “new analysis” of Peak Oil theory, concluding that Peak Oil is a “simplistic model based on flawed logic and incomplete data that has consistently produced inaccurate forecasts.” But if you want to read its new analysis, you have to buy [...]