In this week's Off the Cuff podcast, Chris and Adam discuss:
- A classic symptom of Peak Oil
- The 4 largest oil majors report production declines for 2012
- Rampant insider selling
- The selling-to-buying ratio is at an abnormally high 9-to-1
- Gold's flight to China
- The West-to-East bullion transfer accelerates
- Scarce platinum
- Mine shutdowns and growing demand sends prices higher
- The upcoming Peak Prosperity Seminar at Rowe, MA
- Now's the time for those interested to register
This week, Chris digs into a fresh batch of data that adds additional support to the argument that the stories we are being told are increasingly disconnected from the reality on the ground.
With all the press celebrating the "energy bonanza" shale oil plays are creating, when we look at the global production flow rates, we see instead a story much more consistent with Peak Oil. The four largest global oil producers each reported a decline in total barrels produced in 2012 vs. previous years. And that's despite dramatically increasing well counts over the past few years.
Similarly, with all the talk of "recovery," it's surprising to observe that corporate insiders are unloading their shares at abnormally high levels. Perhaps their confidence in the coming months is not as high as their assurances claim?
by cmartenson 
