| Putin's Next Power Play: War With Georgia Putin is keeping a very nervous eye on NATO as it expands eastward. The American-led alliance that made up one side of the Iron Curtain during the Cold War is steadily moving toward Moscow's doorstep.
In 2004, NATO membership expanded to include countries that were actually part of the Soviet Union - the Baltic states of Latvia, Lithuania, and Estonia. And the Bush administration is pushing to add two more - Ukraine and Georgia. Georgia is looking especially vulnerable to invasion. Georgia's U.S.-educated president is bound and determined to have his country join NATO in 2008. And Putin is just as determined not to let that happen. But there's another reason Putin has Georgia on his mind. New oil and gas pipelines there are just now coming into service. They carry oil from the Caspian Sea, Azerbaijan, and Central Asia to Europe. And...most importantly...these pipelines bypass Russia. With Russia's peaking production in the back of his mind, you can bet Putin would like to make a grab at those pipelines - and he could have a pretext to do just that any day now. The situation is already tense. Recently, Georgia arrested four Russian soldiers and accused them of spying. Russia responded by cutting road, rail, air, and sea links with Georgia. And to tighten the screws even further, Putin had Gazprom double the price of natural gas it sells to Georgia. What were the Russian soldiers doing in Georgia in the first place? Well, they happen to be stationed there. Georgia is home to two provinces, Abkhazia and South Ossetia, that want to secede. Russia already has troops garrisoned in both provinces, and it already backed an armed rebellion by the Abkhaz in the early 1990s. If rebellion flares up again, Putin could easily order Russian troops massed on the Georgian border to sweep in. Here's another potential pretext for a Russian invasion. Rebels from Russia's war-torn republic of Chechnya have taken refuge inside the Pankisi Gorge in Georgia. If Chechen terrorists carry out another attack similar to the Beslan hostage drama of 2004 - which led to 344 civilian deaths - Putin could easily pin it on Chechens hiding out in Georgia, and he could order Russian troops massed on the Georgian border to sweep in. And if they do, what will the Western response be? Russia Rolls in...and NATO Rolls Over! Not much. Putin will strike before Georgia comes into the NATO fold in 2008. The United States will not yet be sworn to Georgia's defense. American troops will still be too tied up in Iraq to do anything about it, and European leaders will fear doing anything about it - because Putin can shut off their oil and gas supply on command. Suddenly, those pipelines built in Georgia with the intention of keeping Putin at a distance will fall right into his hands. I can't warn you strongly enough about how the New Energy Crisis will shake up world markets...to say nothing of what Saudi Arabia's King Abdullah and Iran's Mahmoud Ahmadinejad have in store. And if all of that seems very far away from home, wait till you hear the story of another Rogue posing as America's ally.
The Rogue on America's Doorstep: Mexico's Felipe Calderon Top aides to President Bush held their breath all last summer as an election drama played out in Mexico, a lot like the disputed 2000 election here in America. By early September, Mexico's court system handed the election to the conservative candidate Felipe Calderon, and the Bush team finally exhaled. After all, Mexico is America's second largest source of U.S. oil imports. But the Bush team is about to get the wind knocked out of them. Because Mexico is running out of oil, too. At the current rate it's pumping oil, Mexico has only 10 years of proven reserves left. The Cantarell oil field in the Gulf of Mexico - the world's second largest, after Ghawar - was generating 2.1 million barrels per day last spring. By summer, that had fallen to 1.74 million barrels. And the Mexican government forecasts a fall to as little as 520,000 barrels per day by 2008.
Let me put those numbers to you another way. For every four barrels Cantarell was generating a few months ago, there might be only one barrel coming out a little over a year from now. No wonder one expert says, "The situation is probably much graver than the government would like us to think it is." By one estimate, the sudden decline of Cantarell means Mexico's oil exports to the United States could fall from the current 1.5 million barrels a day to a mere half million. That's the optimistic estimate. The pessimistic one is that Mexico stops exporting oil completely.
What in the world is Calderon going to do? Unlike the Iranians and the Russians, he hopes to boost his nation's crude exports by opening Mexico's oil industry to foreign oil corporations. But even he's given up on the idea of his predecessor, Vicente Fox, to completely privatize Mexico's oil industry - what the Bush administration was counting on to really get the Mexican oil flowing. And that still doesn't address the issue of what happens when the wells start to run dry. PEMEX, the giant state-owned oil company, is counting on new wells in the deepwater Gulf of Mexico and in Veracruz state. But it could take a decade of exploration and development before serious production begins - and that's assuming PEMEX's optimistic estimates about what lies in those fields actually pan out. That's a huge assumption. Also, there's the assumption that PEMEX has the resources to do the necessary exploration. PEMEX has to give up a third of its revenue to the Mexican government every year, and the company is saddled with $100 billion of debt. Concurrent Crises: How Can Calderon Keep the Tinderbox From Lighting Up? All this would be bad enough if Mexico's political situation were stable. But it's not. A series of crises throughout 2006 are on Calderon's mind as he looks ahead to 2007 and 2008:
This is the country right on our doorstep, and you've hardly seen any of this on the evening news. (Not on the English-language networks anyway - the Spanish-language stations are all over it, but unless you speak Spanish, this might well be the first you're hearing about it.) And it gets worse. Coming Soon to America: A Trickle of Oil, but a Flood of Refugees
Think about this: Oil accounts for 40% of the Mexican government's revenues. What happens when the oil dries up, and the money dries up too? That's a lot less money to keep up Mexico's social welfare programs. If the government checks stop coming, what do you think many Mexicans might end up doing? Probably what one in 10 Mexicans have already done - move to the United States. Legally or otherwise. And Calderon, his friendship with America notwithstanding, will be glad to be rid of them while he tries to cling to power. It doesn't matter where you come down on the immigration debate - whether you think immigration helps or hurts the U.S. economy. What matters here is that a lot of people - especially Anglos who live near the border - believe it hurts...and they're not going to stand idly by as a new and larger wave of immigrants floods the United States. Frontline Texas: The Coming Border Wars With Mexico Since April 2005, thousands of Americans calling themselves the Minuteman Civil Defense Corps have taken it upon themselves to patrol the U.S.-Mexico border every day. By some estimates, there are now 8,000 of these "Minutemen." And organizers hope to have chapters in all 50 states by early 2007. That's right, the Minutemen aren't confined to the border states. There are people from states hundreds, even thousands, of miles from the border who are so committed to the cause that they disrupt their regular lives, not unlike a military Reservist or National Guardsman, to patrol the Mexican border to keep illegal immigrants out. If they're that committed to the cause, what do you think their reaction will be if the current flow of illegal immigrants across the border - estimated at 9,600 a day - suddenly doubles, or even quadruples, as people flee the chaos brought on by declining oil production in Mexico? Suddenly, we're talking about a three-sided border war - with the immigrants on one side, the Minutemen on the other, and the Border Patrol trying to keep the peace with about as much success as U.S. troops have trying to keep the peace between Shiites and Sunnis in Iraq. It pains me to think that the kind of street battles we see only in faraway places on our TV screens could actually happen in our own country. But it's a possibility we can't afford to dismiss. The One Factor Behind All These Crises By now I think it's pretty clear that a whole series of seemingly unconnected events all has one root cause - a rapidly dwindling supply of oil in all the regions of the world that supposedly are flush with oil. I'll tell you why this is all coming to a head with the New Energy Crisis in just a moment. But right now, I think I'd better tell you who I am and why I'm writing you. My name is Dan Amoss, and I'm the editor of Strategic Investment. For more than 20 years, our exclusive network of government insiders and market analysts - strategically located across the globe - has stayed on top of major, market-moving trends like the New Energy Crisis - long before they become front-page news - making big money for our subscribers. Not to toot our own horn too much, but this network of ours sounded the alarm over the most recent shock to the economy - the ongoing slide in the housing market - over two years ago. That was long before interest-only and negative-amortization mortgages became all the rage and millions of homeowners started getting in over their heads.
Before that, we foresaw the bursting of the dot-com bubble in 2000. And if you want to go way back, our team even predicted the fall of the Soviet Union when no one else saw it coming. Our inside intelligence has led to profitable predictions that have made our subscribers stellar gains like these - 445% on Dell Computer...221% on Royal Oak...and 170% on eurodollars. And now, the information we've uncovered about the New Energy Crisis can help you make the same kind of profits that our readers have had the chance to make from all these other world-shaking events. In fact, I'd like to tell you all about these profitable opportunities in a special report. It's called The New Energy Crisis: 6 Secure Sources of Wealth. For all of the crisis points our team of experts has accurately called over the last 20-plus years, the New Energy Crisis has so many more consequences for your financial security. I'd like to put this special report in your hands absolutely FREE. No obligation. I'll show you how to get your copy in just a moment. Inside this special report, you'll learn exactly where the best opportunities lie to make spectacular profits during the New Energy Crisis - specific companies best positioned to thrive during these difficult times. The Slow, Grueling Demise of Exxon - Why Big Oil Can't Profit From the New Energy Crisis Surprisingly, perhaps, the companies best positioned to thrive are not the major oil firms. At one time they were...In fact, if you'd subscribed to Strategic Investment, you could have locked in a 62.85% gain from a unique Big Oil play. But now the world is rapidly shifting around Big Oil executives, and many of them don't even recognize it. For decades, they've made fabulous profits by developing vast oil fields in the Third World. It was a simple arrangement: Big Oil put its capital and technology to work in these countries, and their governments gave them a generous cut of the revenue. The Creeping Plague of Nationalization Nowadays, though, 75% of the world's oil supply is produced by national oil companies, or NOCs - like the National Iranian Oil Co., Saudi Aramco, Rosneft, and PEMEX. Work that was once done by private companies for the benefit of shareholders is now more and more being done by NOCs for the benefit of government bureaucrats and their assorted cronies and hangers-on. Oh, they'll talk a good game about "profits for the people"...but all that oil wealth rarely seems to filter down to ordinary Iranians, Saudis, Russians, or Mexicans. And all the while, more and more, Big Oil is getting cut out of the action. Still, the NOCs can't do all the work themselves. They still need to turn to foreigners - particularly the specialized oil service companies - for the technology they need to get the oil out of the ground and bring it to market. So if Big Oil is going the way of the dinosaurs, where are the profits now? Specialized Services, Spectacular Profits Well, as you might have guessed, the oil service companies are a good bet. But which ones? Working with my global network, I've identified several small and medium-sized companies that provide essential equipment and services to the oil industry...maintaining their aging rigs, providing hard-to-find parts for the rigs...critical things the NOCs are just clueless about. Without the expertise of these companies, the Iranians and the Russians are simply helpless. You'll learn all about them in my FREE special report, The New Energy Crisis: 6 Secure Sources of Wealth:
I think you're getting the idea...The real money to be made in the oil business these days is from companies that offer services no one else does - companies the NOCs simply can't pump oil without. They stand to generate steady streams of cash for years to come. And those profits can be yours as soon as you let me know you want a copy of my FREE special report, The New Energy Crisis: 6 Secure Sources of Wealth. I'll show you exactly how to get your hands on it in just a bit. But first, I want to get to the root cause of the New Energy Crisis - why these Rogues around the world are stirring up so much trouble. You've already seen how each of these leaders sits on top of a large supply of oil...but it's nowhere near as much oil as many people think. Now you'll see how the problem isn't isolated to just a few of the oil-producing countries. Oil Production Begins an Irreversible Decline Simply put, the time is rapidly approaching - maybe it's already passed - that world oil production reaches its all-time peak and begins to decline...irreversibly. There's no turning back.
The bar graph to the right tells a simple, but scary, story. Look at the worldwide balance between supply and demand for oil two years ago. And look at the situation today. As you can see, world supply is still rising...but world demand is rising faster. In fact, demand is growing 89% faster than supply...and we've reached a point that demand is now outstripping supply! Even with oil at $60 a barrel, Americans haven't cut back their driving habits...And meanwhile, halfway around the world, Chinese demand for oil is going through the roof. Even as oil prices soared during the first six months of 2004, Chinese oil imports soared even more - by 40%! But the supply to meet this overwhelming demand is increasingly harder to come by. All around the world, the super-giant oil fields of Saudi Arabia, Iran, Russia, Mexico, and elsewhere are starting to peter out...and discoveries of new oil simply aren't enough to keep pace. The consequences will be devastating. Princeton scientist Kenneth Deffeyes predicted the global peak of oil production would be reached in December 2005 - and so far, he's turned out to be right on the money. What does he forecast now?:
And that's on top of all the crises around the world I've already told you about. A lot of people are going to suffer. But you don't have to be among them. That's why I want to send you the FREE special report I described a little while ago - along with several other FREE reports that will further bolster your financial defenses against the New Energy Crisis. I'll show you exactly what to do to get these reports in your hands in just a moment. But first I want to tell you more about why Peak Oil is both inevitable...and imminent. The Pariah Who Became a Prophet
Peak Oil is one of those ideas that, when it was first proposed decades ago, was dismissed as the rantings of a crazy person...except that as the years went on, people realized how much sense he made all along. The "crazy person" in this case was M. King Hubbert, a senior scientist at Shell Oil. In 1956, he predicted to a group of geologists that oil production in the United States would reach its peak in the early 1970s and then begin an irreversible decline. At the time, the prediction seemed nonsensical. The United States had been the biggest source of oil in the world for the past 100 years. But sure enough, the peak came in 1970. It's been downhill ever since. A nation that once exported oil to the rest of the world now imports more than 60% of its oil from the rest of the world. Hubbert died in 1989, and he left behind a following of geologists and energy analysts who believe that world oil production is reaching an inevitable peak and soon heading into decline. They recognized an inescapable fact: By the 1980s, geologists had mapped the Earth so thoroughly that all of the giant oil fields...the ones called "elephants"...the ones that supply most of the world's oil...had already been discovered. What Makes Us Different: The Strategic Investment Outlook While "The Street" is forever obsessed with quarterly earnings statements - to the point that CEOs will fudge the numbers just to meet analysts' estimates - we at Strategic Investment take a longer view...a view that achieves maximum gains with minimum risk. Usually, we look for stocks priced lower than they should be, and hold them for three-five years. Sound boring? Maybe, but it sure pays off for our subscribers. Let me tell you about some of the gains they've seen just within the last 15 months: -- A 72.65% gain with an excellent play on China's explosive growth. But we didn't find this company in China! Shares of Korea Electric Power Corp. zoomed upward on the strength of its contracts to build power plants in China -- Subscribers rode the bull in major oil companies to a 62.85% gain with the Dow Jones U.S. Energy Sector index fund. Now they've taken those gains and plowed them into an excellent opportunity in small- and midcap energy firms -- A spectacular gain of exactly 60% in 6 weeks with January 2007 Fannie Mae $50 puts. Early warnings we gave subscribers about the meltdown in the housing market - years before the mainstream media caught on - transformed into a huge payout for subscribers to Strategic Investment. Wouldn't you like to join our subscribers in taking our experts' big-picture analysis and transforming it into outsize portfolio gains? You can! Learn all about them in the four FREE special reports that make up the NEW ENERGY CRISIS PROTECTION PACKAGE described in this letter. And now, alarming reports are coming in from around the world that bear out professor Deffeyes' projection that we've already passed the peak. Let's quickly review the situation in the countries where the Rogues rule the roost:
And it's no better elsewhere in the world:
It's not as though this trend is going to reverse anytime soon. The world's oil consumption is rising every year at a rate of 2 million barrels a day. But oil production is falling every year at a rate of 4 million barrels a day. That's 6 million extra barrels a day that need to be discovered and developed every year just to keep pace! Is it any wonder the members of our Rogues' Gallery are plotting their moves all over the world? The new wars they will launch will make Afghanistan and Iraq look like minor skirmishes. Oil could easily soar to $150 a barrel and beyond. It's essential you take steps to protect yourself from the New Energy Crisis - and even position yourself to profit from it! Again, I show you just how to do it in my FREE special report, The New Energy Crisis: 6 Secure Sources of Wealth. I want to get this report in your hands as quickly as possible. All you need to do is let me know that you want a copy. You'll read about the oil service companies I mentioned earlier, but you'll also learn about these extraordinary wealth-building opportunities:
One of the things that makes that refiner so attractive is its specialty. Because here's one of the key things you should know about the New Energy Crisis: The problem is not that the world is running out of energy, or even that it's running out of oil. But as is the case in Saudi Arabia, what we are running out of is the light, sweet crude oil that can be had by simply drilling a short distance into the ground. It's the cheap, easy oil that's running out. More Ways to Protect Yourself Strategic Investment subscribers are seeing gains from a whole host of investment opportunities as we approach the New Energy Crisis - not just those companies that stand to gain directly from the trend. Let me share with you some of our open positions: -- Major gains from metals. In just over 2 years, our subscribers have had the chance to nearly triple their money on a Latin American metals firm that feeds the ever-growing demand for raw materials in Asia. It also happens to be the largest logistics and transport company in its own country. Subscribers have seen an incredible gain of 180.7%! -- Worldwide profits. Subscribers have also had the chance to more than double their money - a 135.1% gain, to be exact - on one of the world's leading metals producers, with diversified holdings all over the world. This company also has a hand in the energy business...and because it's based overseas, it's an outstanding play on a falling U.S. dollar -- Asian success story. And subscribers who listened may be on their way to doubling their money in an index fund that's a great play on the boom in Asia. This fund is focused on firms in one country that's in a unique position to piggyback on China's explosive growth - without the risk of investing in China itself. So far, this fund has gained 84.7% for Strategic Investment subscribers - but we're holding on for even bigger gains to come! We're proud that we have made these kinds of gains. They're the kind of gains you can experience too - they're truly wealth protection during a very dangerous time in our world. In fact, every one of these stocks presents you with an extraordinary opportunity to make money from the unchanging laws of geology...and the ever-changing uncertainties of geopolitics. And they're all laid out for you in this FREE special report, The New Energy Crisis: 6 Secure Sources of Wealth. I can't begin to tell you how serious a crisis we face as the reality of the New Energy Crisis begins to take hold in our world. I just want to share with you a few more vital facts that underscore how grave the situation really is. There Are No "Spare" Oil Rigs It's bad enough that so many of the world's oil rigs are bringing up less and less oil. Even worse is that all the equipment that's used to produce oil is being pushed to the max right now. There are no spare oil rigs sitting around just waiting for the next discovery. On top of that, there's a chronic worldwide shortage of the gear that's necessary to drill new wells. That's driving the prices of that gear through the roof - making it more expensive to get oil out of the ground. And on top of that is a shortage of qualified people - welders, drillers, geologists, petroleum engineers. In the Western oil industry, most of the skilled personnel are 50 and older - headed toward retirement in a few years. The people coming up to replace them are 30 and younger. That's a lot less know-how in generating new oil supplies. No one is coming to the rescue with miraculous new supplies of oil. In fact, the world is chock-full of people I call Minor Rogues - oil producers who can't cause an earthshaking crisis, but can still stir up trouble...in some cases with even more of these bumbling national oil companies grabbing valuable oil assets out of capable private hands. The Minor Rogues
And if you think the Canadian oil sands are going to pull us out of trouble, you're going to be disappointed there, too. Extracting the oil from those sands is costly and time-consuming. It requires huge amounts of water and natural gas. (Yes, you need to consume natural gas to produce oil from the Canadian tar sands!) Canadians are getting itchy about a process that amounts to strip mining pristine wilderness. And the pipelines that would get all this oil to the United States have yet to be built. In short, there's no magic bullet. But there are ways you can protect yourself...and profit! They're all spelled out, step by step, in my special report, The New Energy Crisis: 6 Secure Sources of Wealth. It's yours FREE as soon as you give me permission to send it your way. 3 More Recommendations to Secure Steady Profits But as I indicated a bit earlier, I want to let you know there are three more FREE investing reports I'd like you to see, as well - every one of them packed with moneymaking ideas that will help you navigate the uncertain and dangerous times approaching with the New Energy Crisis. I call this collection the NEW ENERGY CRISIS PROTECTION PACKAGE. Where America's Energy Supply Is Still Abundant...and How to Profit: Homegrown Fossil Fuels! In the second of these four FREE reports, Gassed to Go: America's Last Great Energy Boom, you'll learn how in a world transformed by the New Energy Crisis, opportunities abound right here at home in natural gas and coal. See, the United States may be decades past its peak when it comes to oil production, but when it comes to those other two fossil fuels, America's still sitting pretty. In this FREE report, you'll learn about two moneymaking opportunities you won't want to miss:
Gains in Gold My third special report, Gold at $5,000, shows you the best way to profit on a trend - when the price of gold moves up in tandem with the price of oil. But these days, you don't have to store bullion in your house to make the most of opportunities in gold. In fact, for several years now, Strategic Investment subscribers have made steady, secure profits from gold without ever setting sight on the yellow metal... Gains of 31%...39%...and 57.8%! Still More Moneymaking Opportunities And the fourth of these reports, The Exchange-Traded Secret: How to Pile up 500% Gains Using Precision-Guided Investing, shows you exactly how to profit from one of the most versatile investment vehicles around - the ETF, or exchange-traded fund. Yes, a lot of analysts are pushing ETFs now, but our team was plugged into them more than three years ago...and our subscribers have seen gains of 35%...73%...and better! Every one of these reports in the NEW ENERGY CRISIS PROTECTION PACKAGE is the product of hundreds of hours of research - by myself and the rest of our well-connected worldwide team of experts and insiders. Please...send today for the NEW ENERGY CRISIS PROTECTION PACKAGE. I'll get it into your hands as soon as possible. These reports are absolutely FREE, with no obligation on your part. If you're asking, "What's the catch?" I have a very simple answer. And I think it's one you're going to like. Because I have several other essential investing tools to offer you, also FREE. Because as valuable as the NEW ENERGY CRISIS PROTECTION PACKAGE is, it's even more powerful when combined with the regular follow-up you get with a subscription to Strategic Investment. Try Strategic Investment - Yours Free for up to 2 Years! I'll stay on top of all the developments related to the New Energy Crisis...the things the mainstream media simply haven't caught onto. I'll show you how these developments relate to all of the investing opportunities in the NEW ENERGY CRISIS PROTECTION PACKAGE. I'll tell you when it's time to take profits with some of our investments...and when to jump in for still more great investing opportunities that I'll bring to your attention...month after month after month. This is your opportunity to rack up the kind of gains our subscribers are enjoying right now...170%...221%...even 445%! Just use the enclosed reply form and you can join this elite circle. Here's exactly what you get when you subscribe to Strategic Investment for two years:
Put it all together, and that's $5,771 worth of investing research and recommendations that will keep you prepared for everything the New Energy Crisis will throw at us. But you won't pay anywhere near that amount. My publishers have agreed to a big discount for first-time subscribers like you. That's how confident they are that you'll be completely satisfied seeing annual gains like 56.7%...70%...and more...year after year. You Have Absolutely Nothing to Lose And this is a no-risk offer. We're sure you'll be completely satisfied with Strategic Investment...but if you're not, you can ask for a full refund anytime over the course of your two-year subscription. Right up to the last day. No questions asked. Every penny you'll get back...and you can keep all of the issues you've received...and you can keep all the special reports. So you see, you really do have nothing to lose by taking me up on this offer...and you have so much to gain. Double- and triple-digit gains, in fact. How much would this be worth to you? Again, the value of everything I've just described is over $5,700. But that's not what my publishers charge. In fact, as I indicated before, my publishers have agreed to discount the regular charge simply for signing up with us for the first time. You get two years of Strategic Investment for $89. It's literally a discount of 99% from the full price of all these services. Or if you prefer, you can get one year of Strategic Investment for $49. The same guarantee applies. Up to the last day of your subscription, if you're not completely satisfied, you get a no-questions-asked refund. So either way, it's no risk for you. Take as long as you want to review the NEW ENERGY CRISIS PROTECTION PACKAGE, your monthly issues of Strategic Investment, the Web site, the exclusive weekly updates...and if anytime during your subscription term you decide Strategic Investment isn't for you, just let me know. That'll be the end of it. You can keep all the issues and the special reports. I think you'll agree this is an extraordinary offer. But this is also an extraordinary opportunity. Just send me the enclosed reply form and we'll get you well on your way to a secure future in the age of the New Energy Crisis.
P.S. Here are a couple more shocking facts to think about: Did you know that the management of the oil giant BP refuses to invest in expansion projects unless they're guaranteed to turn a profit at $25-per-barrel oil? And did you know that management at Exxon Mobil hasn't signed any leases for deepwater oil drilling after 2008? They think it's too risky because they too are afraid to make any investment unless it's guaranteed to be profitable at an oil price of $25 a barrel. But now you know what executives at major oil companies just won't acknowledge. And as soon as you have the NEW ENERGY CRISIS PROTECTION PACKAGE in your hands, you'll know how to line up a secure source of wealth for some very turbulent times ahead. Again, these special reports are FREE with a subscription to Strategic Investment...A full year's worth of issues costs less than a barrel of oil! I'll get everything on its way to you the moment you let me know you want it. I hope to hear from you very soon.
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The phenomenon is called Peak Oil...and its time is now.
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