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Book details for The Oil Factor: How Oil Controls the Economy and Your Financial Future Buy The Oil Factor: How Oil Controls the Economy and Your Financial Future
The Oil Factor: How Oil Controls the Economy and Your Financial Future
Book author(s) Book subject

Donna Leeb Stephen Leeb

Energy & Oil Industries

Sales rank Not rated by customers
The Oil Factor: How Oil Controls the Economy and Your Financial Future

Brief description of The Oil Factor: How Oil Controls the Economy and Your Financial Future

Financial guru Stephen Leeb shows how following oil prices can lead investors to real financial security. A storm is coming-an inflationary 'perfect storm' whipped up by skyrocketing oil prices that will lay waste to millions of portfolios if investors don't prepare.Renowned financial advisor Stephen Leeb asserts that in this perilous period, oil prices will drive all other economic indicators. But there is a way to diversify away from disaster, by dedicating a significant part of one's portfolio to real assets that keep their value relative to inflation. Here, Leeb helps readers pick the 'energy-producer star performers,' and reveals the 'double payoff' to investing in metals like platinum and silver. He also explains why the stocks of 'mega-insurers' are a safe bet, and shows how investing in real estate does not have to mean actually owning it. Filled with sound advice for an unstable marketplace, this is the book no one with a 401K can afford to miss.Financial guru Stephen Leeb sees a storm coming—an inflationary "perfect storm" that will lay waste to millions of portfolios if investors don't prepare ahead of time. In this perilous period, it will be essential to pay attention to the price of oil, because as prices fluctuate, so, too, will the economy. As Foreign Affairs recently pointed out, to support the world's population, oil production must rise in the next 20 years from 75 million barrels a day to 125 million—a 66% increase! And yet all over the world—from the North Sea to Mexico to Venezuela—come reports of production capacity maxing out. Even an American victory in Iraq could only mean a 1% rise in capacity in the short term. Result: pressure to raise output will mean higher production costs, which will mean vastly more expensive oil. Higher energy costs mean depressed growth for most companies (the exception being energy producers) and rising prices undermine the value of bonds. But there is a way to diversify away from disaster: by dedicating a significant part of one's portfolio to real assets that keep their value relative to inflation. Here, Stephen Leeb will help readers pick the "energy-producer star performers," reveal the "double payoff" to investing in metals like platinum and silver, explain why the stocks of "mega-insurers" are a safe bet, and show how investing in real estate does not have to mean actually owning it.

Book details
PublisherWarner Books
Availability
EditionHardcover
List price
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