The Coming Economic Collapse: How You Can Thrive When Oil Costs $200 a Barrel

ISBN: 0446579785
ISBN 13: 9780446579780
By: Stephen Leeb Glen C. Strathy

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Genres

Audible Business Currently Reading Economics Finance Financial Non Fiction Nonfiction Peak Oil To Read

About this book

Economist Stephen Leeb shows how surging oil prices will contribute to a huge economic collapse by soaring to over $100 a barrel - and tells how you can avoid the pitfalls of the upcoming crisis.

Reader's Thoughts

Marilyn

This book is awesome. No one can say we haven't been warned...

Fred

frightening

Brent

Wish I had read this two years ago. It is scary how on the money this guy was. Hopefully that changes real soon.

Mike

This is the strangest investment book I've ever read. The authors spend about 170 pages (out of 196) explaining why the economy may collapse. The premise is that Peak Oil Theory is correct, that the supply of cheap oil is dwindling, and as a result, society as we know it may change drastically.The weird part is that after each gloom-and-doom scenario they paint, the authors provide a glimpse of hope. For example, they mention that the shortage of cheap oil may cause a new age of barbarism and lawlessness that will result in a lot of people being killed as a relatively small number of strong clever people take what they need to survive... but we'll show you how to profit from it!It's not quite humorous, but it comes close. The investment advice seems solid. After they spend 170 pages explaining how they were right about the price of oil (predicting further that it could hit $100 by the end of the decade, which of course it has) and how energy affects everything and which historical trends to learn from, and so on, I'm inclined to trust their advice.So when society crumbles and we all go back to living a pastoral existence on an Amish-style farm near a small town, I'll be able to sleep on a huge pile of hundred dollar bills.

Carter Powers

Great book for outlining what's currently happening with oil prices. This guy predicted it coming for the last 10 years. The book was written in 2006 when oil was $30 a barrel.

Jane

Pretty interesting to read this over 5 years after it was written and realize his hypothesis about oil (at least over $100 a barrel) has happened. Overall - thought provoking.

Brandon Little

This book was certainly no letdown from past Stephen Leeb books. There are many insightful and very realistic views of the possibilities of not just the United States, but the world as a whole, when the oil crunch really begins to hit hard. More than investment advice as his past books lean toward, this books seems to be almost an outcry for action to prevent a series of unfortunate events as a result of the greatest problem our civilization will have to face--the coming energy crisis.

D.R. Pitcock

I enjoyed the apocalyptic "what ifs" in the book. It sets your mind thinking about what would happen if I had to pay $15.00 a gallon for gas and under what circumstances. It isn't very prescient but is a good, measured approach to a chaotic world were it's a bit like a Mad Max movie.

James

April 2010 This s a pathetically bad book. The author has a hysterical style of writing. Mr. Chicken little. The author thinks the next decade will be a near perfect repeat of the 1970's, and what worked then will work in the next decade. And what didn't work in the 70's will be a failure once again. Myself, I believe in peak oil; I have no doubt we'll see $10 a gallon gas before too many years. But half the oil used in the US is used by transportation.Most in personal driving around. This isn't necessary for the economy to prosper. When gas goes to $10, my bet is that people will use a lot less.And get rid of the gas guzzlers they currently like.And public transportation will be used a lot more.\ The book was written in 2006, before the housing crisis.Page 179, the author says: "we think real estate still has merit as an investment, just as it did in the 1970s. The trigger that could pop the real estate bubble would be higher interest rates..." Less than 2 years from meltdown and he didn't have a clue aboutthe rotten lending or the prime slime borrowers. Gold did well in the 70's, so it's certain to do well in the next decade. He has no imagination at all.The future will be a simplistic repeat of the past.

Grumpus

This is based on the audio download from [www.Audible.com].Narrated by: Brian EmersonA thoughtful approach to the explanation as to why oil will be in short supply and how the world will react to it. According to the author, the coming oil crisis will not be a temporary blip like that of the 1970s...this one will be ongoing and life altering.I particularly liked, this example highlighting the urgency for finding an new energy source. Think of a granary. Your neighbor owns it. You get all your food from them. You know that the silo is never able to be filled. More is going out than going in. You know they will run out at some point. Wouldn't you look for another source of food? Now imagine the neighbor does not like your family. Wouldn't looking for another source of food be a top priority? This put it in perspective for me.As for how to make money in this crisis...well that's one man's opinion. I'm not an expert in investments but I'll be monitoring his choices.

Ryan

I read this a few years ago and it has some profound impacts. He also mentions how international policy will change and how some of our stubbornness won't change.

Bud

Best read for anyone who wants to know how to survive in this economy.

Rodney

I have learned that we live in a time of crisis with an energy war. It appears that the war started in the early 70's even before the Carter Administration.

Mitro Pietro

Exellent and objective analysis of energy economics from 2005 (published in 2006), which have proven to be disturbingly accurate. Criticisms of this book, based on the investment advice it gives, are overdone, as investment strategies comprise very little of the book, itself. The book is more about the social and economic consequences of a high global demand for oil and an oil supply that is declining.

Coolbreeze

This book offers insight into the economy and how it is affected by the price of oil. With finance at its core, the book offers some investment strategies taylored for a bad economy. However, one must exercise caution if considering some of the investment strategies, as no one, including the well meaning author, can accurately predict future events.

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