80 comments on Oops! or a thought for a Wednesday
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While buying stock in oil companies and royalty trusts may improve your future net worth, just keep in mind that you can't heat your home or run your car on stock certificates. You may have more money to buy the more expensive oil or gas, but in a really serious energy shortage possibly combined with social chaos you are not going to be much better off than anyone else.
I think it is a mistake to look at this whole Peak Oil subject purely in financial terms.
(Correction: If you have a wood stove, you CAN heat your home with stock certificates, but you better have an awful lot of them! )
There was not so much of an alternate fuel push because the US was the world's swing producer of oil and most of the carpooling and gas rationing was to save on TIRES rather than gas, so using hemp for fuel etc would have had people driving more and using up their tires.
In line with westexas advise, to live you need water, food shelter and clothes. Stock certificates will work to light your wood stove.