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Profit from the Peak: The End of Oil and the Greatest Investment Event of the Century (Angel Series)

Authors: Brian Hicks, Chris Nelder
Publisher: Wiley
Category: Book

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Rating: 4.5 out of 5 stars

16 reviews
Sales Rank: 2039

Media: Hardcover
Pages: 286
Number Of Items: 1
Shipping Weight (lbs): 1.1
Dimensions (in): 9.1 x 6.1 x 1.3

ISBN: 0470127368
Dewey Decimal Number: 333.823
EAN: 9780470127360
ASIN: 0470127368

Publication Date: May 2, 2008
Availability: Usually ships in 24 hours

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Editorial Reviews:

Product Description
Praise for Profit from the Peak

"This book is a clearly written, succinct, and well-referenced summary of information about, and related to, what I believe will be the most important issue to strike Western civilization ever: the end of cheap oil. It is clear to me that how we make investments over the next few decades will determine whether we can survive the end of cheap oil and in what fashion. While I am not nearly as optimistic as the authors that there is a supply-side solution to the issues we will face 'post-peak oil,' they certainly have lots of good ideas as to where we might invest in alternatives. This book is a must-have on the shelf of any savvy investor as we face the second half of the age of oil."
-Charles Hall, ESF Foundation Distinguished Professor, College of Environmental Science and Forestry, State University of New York

"Profit from the Peak will help you develop and maintain financial security as the price of oil soars and our globalized economy gets into trouble. Hicks and Nelder show how you and your community can tackle the long transition of relocalization. Learn about the power of locally generated energy-and benefit from their practical guide to investing in the most efficientand attractive of today's post-petroleum alternatives."
-Julian Darley, founder of the Post Carbon Institute and author of High Noon for Natural Gas

"Brian and Chris deliver the painful yet potentially profitable truth about peak oil. Not theory anymore, but reality. This book is a must if you want a clear path to profits in the age of peak oil."
-Kevin Kerr, Editor of Dow Jones Global Resources Trader and President of Kerr Trading International

"Profit from the Peak shows not only why investment in alternative energy sources is about to skyrocket, but more importantly, where investment is going to pay off the most, by concisely describing the huge variety of upcoming energy sources and their relevant companies."
-Rembrandt Koppelaar, oil analyst, President of ASPO Netherlands

Customer Reviews: Read 11 more reviews...

5 out of 5 stars

Well researched yet very readable July 25, 2008
ARDI (San Diego, CA USA)
Most of time while reading this book I was thinking, "Why didn't I know that?" I would recommend this well written and easy-to-understand book to everyone who wants to gain a broad understanding about what is going on with energy and oil. The target market appears to be the intelligent layman with helpful hints on how your investing strategy might benefit. Suddenly, when watching the talking heads you will spot the horrible, over-simplified, childish thinking that we are bombarded with every day, especially from the silver bullet types. It is well researched and referenced, and I highly recommend it.

5 out of 5 stars

excellent book July 15, 2008
William Cortvriendt
1 out of 2 found this review helpful

This is an excellent book. In a very comprehensive manner the writers explain why cheap oil really has come to an end and which alternatives do have a change te partially replace oil and why. For every possible alternative for oil they subsequently explain which companies are investment opportunities and which ones are not and why. Naturally all their predictions represent views into the unknown future. However after their logic explanations the future seems to be a little less unknown.

An easy and very interesting read.

2 out of 5 stars

Drilling & Nukes Now June 30, 2008
R. Haley (HOUSTON, TX)
2 out of 5 found this review helpful

Comments on Chris Nelder quotes.

Re: "Clean" coal? Commercially, it doesn't exist yet, and it probably won't exist in any significant measure for several decades."

After my wife and I recently contracted a sinus infection in China (related to breathing pollution from coal-fired plants), we stayed next door to a coal-fired electric generation plant in Okinawa. Its elaborate smoke-free stack emitted no pollution. Why was it built if not economical in the total sense of the word (before $140 per barrel)?

Re: "Obama's call for a complete overhaul of our national energy policy (if you could even call it that)? Now we're talking. I don't know that he could or would pull it off, but it's definitely the right idea."

How do you retain a semblance of individual freedom and the efficiency of regulated free markets, and have a centraly planned economy like that from which China is at last emerging? Why won't your or "Obama's call for a complete overhaul of our national energy policy" be another great-leap-forward disaster like China's? Will not legally mandated energy policies make us uncompetitive with China, Russia, and other countries?

Re: "Drill offshore and ANWR as soon as possible? Bad idea. I say this not for environmental reasons, but simply from an investing perspective. It won't help very much or for very long, it will take decades to come to market and it will only put us farther out on the limb of fossil fuel dependency. It makes far more financial sense to burn somebody else's oil for as long as possible, and save some of our own for a rainy day, when it will be in much greater demand and much more valuable. Judging from the gathering storm clouds of unstoppable oil prices and declining global oil exports, that rainy day is most certainly coming."

Doesn't "save some for a rainy day" "only put us farther out on the limb of fossil fuel dependency"? And, if "it will take decades to come to market," sholdn't to be ready be ready for "a rainy day"?

Re: "A hundred new nuclear reactors? Never going to happen. We're going to be lucky to replace the existing ones, many of which are nearing the ends of their planned life spans."

I don't find "Never going to happen" a very informative explanation. The US already generates 20% of its electricity from nuclear power and France generates 80%. With $140 oil and electric cars and commuter trains fast coming, replacing old nuclear plants and building new ones is inevitably "going to happen." And why shouldn't it?

Why do you not mention the underlying problem of both energy and environment - unsustainable population growth (doubled in last 50 years).

4 out of 5 stars

worthwhile but has some weaknesses June 24, 2008
Lance B. Sjogren (San Pedro, Ca United States)
26 out of 26 found this review helpful

First of all, as to the reviewer who advised the authors should question the environmental impact of our voracious appetite for energy:

The human race could adopt a simpler life. The only way that can happen is if we have a massive die-off of most of the human population. Also, it would be a society where people die young due to lack of modern-day health care, and so forth.

I believe the assumption the authors have made regarding energy demand are sound. People WANT to live what they perceive to be a better life. Some of the aspects of such a life are: advanced health care, the ability to travel, the ability to have a career involving challenging intellectual pursuits, as opposed to having to devote one's life to doing grunt work in order to put food on one's own table.

I am totally prejudiced on this matter. I believe the amenties of modern society have been of tremendous benefit to me. (frankly, if I had lived in older days, due to my physical frailties, I no doubt would have died long ago).

Now a few people may prefer the simpler life, but the vast majority of the people of the world want the amenities that we in the developed world have. I don't see the people of China saying, "hey, we'd rather spend our lives harvesting rice and living in mud huts".

-----

OK, so much for the rant, now on to my review.

The book is a good overview of the peak oil situation. For those not familiar with peak oil, it provides a lot of the fundamental facts that those who have studied this issue have discovered.

For example, the fact that once we can no longer run our society on fossil fuels, IF there is a path to a comparable standard of living in the future, the mainstay of our energy use will be in the form of electricity.

There are a couple of beefs I have with the book, though, which led me not to give it 5 stars.

1). It really is essentially a book about peak oil, not investing. Upon reading the book, it seems clear to me that the book is motivated primarily by the desire to expand awareness of the peak oil problem to a broader cross-section of the public, not to provide people investment ideas for how to profit from the transition. And that is all to the good in my view, because I think the former is a much more important goal. So the title strikes me as a bit disingenuous, perhaps trying to snare people out to make a buck on alternative energy and then give them a tutorial on peak oil, with the names of a few companies thrown in in order to justify the title of the book.

In my case both causes interest me. I am retired and I am spending some of my time trying to become knowledgable about peak oil in case I can find a way to do anything constructive to help fix the problem. And, I am also an investor, and focused heavily on commodities.

I tend to be skeptical about investing in new technologies, however, because it seems to me it is very hard to anticipate who the real winners are going to turn out to be, and stocks in hot new areas that seem to hold promise for solving important problems of society (the biggest of which is energy) tend to be bid up to sky high prices and thus are extremely risky. One specific mention was about the oil refiners like Valero who can process heavy sour crude. Well, right now the refiners are in the dumpster due to low crack spreads, so who knows maybe Valero is a good buy right now (I have been on the fence about buying some myself). On the other hand, the oil producing nations are seeking to do more of the downstream processing of oil themselves. I can't remember whether the book mentions this, I think it probably does. The Middle East states have a population explosion and need jobs for their huge population of young people. So they want to build refineries and sell us gasoline instead of oil.

Hence, I think there is no guarantee that US refiners will even have oil to process in the future. When I hear Bush talk about how we need to build more refineries, well it's no more idiotic than most all the other garbage you are hearing from the politicians, but does Bush realize that the oil producing nations are building refineries and want to just sell us finished products like gasoline? (in his defense, I am sure McCain and Obama are equally clueless on that)

Another point, before I forget: The reviewer that said the book was US centric I do agree had a good point. I live in the US and an pretty US centric myself, but I do recall thinking a couple times while reading the book that in some places it focused on the US when it should have been focusing globally.

Now, my last criticism and perhaps biggest: The authors have a definite bias for renewables and against fossil fuels and nuclear.

Now in the long run I totally agree that we need to switch over to renewables because the nonrenewables won't be there any more.

However, the authors express all the pitfalls in terms of cost, timetables, etc. associated with the big existing sources of energy with great zeal, while they speak glowingly about renewables with very little discussion of the huge pitfalls and challenges.

The most obvious example is that they say very little about the fact that since most renewables produce intermittently (when the wind blows, when the sun shines), for us to transition to a future based on renewable energy requires the development of massive energy storage facilities. And I would say that right now even though renewable sources such as large-scale solar generation are not particularly far along in implementation, large-scale energy storage is at a far earlier stage of infancy. So in my view the development of large-scale energy storage is liable to be an even bigger challenge than the development of large-scale renewable energy production facilities.

But all in all, it was nevertheless a very good book. It covers the issues associated with peak oil to a moderate level, so it is perfect for someone new to peak oil to get a solid grounding in most of the important issues, and someone who has already studied the issue somewhat is liable to learn a few new things from the book as I did.

4 out of 5 stars

An Energy Primer for those looking for an overview June 24, 2008
William A. Turnage
0 out of 1 found this review helpful

The book subject is an important and vital subject on the future of energy prospects. The 'profit' areas of the book lists several companies with good prospects for investing. This should be taken as a list of companies and stocks to study before investing. The authors quote noted authorities as Matthew Simmons and several others giving credibility to their writings.

Some of the energy possibilities as oil shale, tar sands and coal-to-liquids receive something less than in-depth treatment. It is not easy to predict which energy resource may be the preferred energy with advantages as economically reasonable, non-polluting and long-lasting. One statement on page 226 may be insightful, "Short of everyone taking up the energy lifestyle of the Amish (although it would be a great thing if they did)" may not be the reflection of many Americans and other people of the world. My belief is that solutions will come because of necessity.
Bill Turnage

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