Dear Reader, Headlines can be dangerous… Did you see the front page of the recent edition of the Wall Street Journal, which boasted this headline? "Get Ready for Peak Oil Demand" It reminds me of another dangerous idea which became wildly popular exactly 10 years ago. I'm talking about "Peak Oil," of course. Back then, Porter dedicated countless Friday Digest essays to debunking this idea. It was a matter of basic economics…
He explained that higher oil and gas prices would encourage capital investment in new technologies and new resources. This would unleash vast amounts of new oil.
And sooner or later, there would be a new oil glut, just as there had been every 20 or 30 years in the oil business.
Well... what's happened since? I'm sure you know. As it always does, the free market worked its magic.
Oil production eventually soared… and oil prices plunged. But the real reason "Peak Oil" was dangerous, is because if the idea were true... investors (and banks) could safely allocate almost unlimited amounts of capital to oil exploration and production projects. No matter how much capital you invested in it, oil production rates would never increase again. Many large investors believed that oil represented a "one-way" bet. Today, the Wall Street Journal says we have another "one way bet"… "A consensus is growing that fuel demand for passenger cars could fall as… electric vehicles gain traction and the internal combustion engine gets re-engineered to be dramatically more efficient." In other words, many folks now believe the world will never again need as much oil as it does today. Well, Porter announced on Friday that he's taking the other side of this bet… Nobody believed Porter that "Peak Oil" was a myth... or that oil prices were going to crash to less than $40 (they bottomed below $30). So I'm sure many won't believe what Porter is saying today either. But if you're interested in why Porter believes the next oil boom might be the biggest in history… You're in luck. On Wednesday, June 14th at 8 pm ET Porter is holding a LIVE event to explain why "Peak Oil Demand" is a complete myth… why oil prices will actually soar over the next 10 years… and how you can position yourself for the next "boom" cycle in oil. The event is completely FREE, but seats are only available on a first-come, first-serve basis. If you are interested in attending, be sure to reserve your spot by clicking here now.
Regards,
Justin Brill
Editor, The Stansberry Digest
P.S. On Wednesday Evening, Porter will explain why he's been quietly recruiting some of the country's top oil experts to join his team, and give his advice on how you can take advantage of a multi-decade opportunity to invest in distressed oil assets. And don't worry, Porter won't be talking about any of our premium research services…
He'll only be talking about the work we're doing in our flagship oil and gas research letter.
It's one of the most affordable services we offer, yet it's the best natural resource research our firm produces – a terrific bargain. As a special bonus for attendance, you'll have the chance claim one year of this research (normally $199 per year) absolutely FREE. Plus, Porter will share the name and ticker symbol of one of his favorite oil and gas plays right now. You'll get the recommendation just for showing up. Again, this event is absolutely free. Click here to reserve your seat today. | 