Tuesday, August 08, 2006

Stephen Leeb of "The Coming Economic Collapse" interviewed.

Dr. Stephen Leeb, author of "The Coming Economic Collapse, How You Can Thrive When Oil Costs $200 a Barrel" was interviewed by thestreet.com on the topic of his book.

His view is that unless we start getting very serious, very quickly on alternative energy, we are in for disaster as oil demand growth will outpace supply growth, particularly from China and India, and as a result, oil prices will skyrocket. He also thinks that oil is "the exact opposite of the Internet" (bubble) and there is "no end in sight" to the rise in energy companies. He's also a fan of precious metals.

StreetWatch Video: Stephen Leeb interviewed.