The PowerPoint slideshow for a presentation by oil expert Matthew Simmons, Chairman Emeritus of Simmons & Company International, at last month's Marsh's National Oil Company Conference in Dubai has turned up at Scribd, the document-sharing website. Here are a few interesting snippets:
Many of world’s megacities (those exceeding 10 million people) are now experiencing “water shortages”:
- Mexico City
- Calcutta
- Cairo
- Jakarta
- Beijing
- Lagos
- Manila
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High percentage of oil flows come from very old fields
- Approximately 300 giant/supergiant oilfields make up 2/3 of world supply.
- Almost all these fields are past their peak flows.
- Most are over 50-years old.
- Most of remaining oil supply comes from small fields.
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List of scarce metals is striking (to name but a few!):
- Copper
- Zinc
- Tungsten
- Silver
- Gold
The full slideshow can be seen below.
(Hat tip to Infectious Greed.)
I see the list includes silver - this is why I actually buy more silver (coins and bars) than gold for investment purposes. Something tells me that down the road, the U.S. will make the buying, selling and holding of gold illegal (it has happened before). However, it would be much more difficult to make the holding of silver illegal...
Posted by: austincompany | March 14, 2010 at 09:48 AM