Jason Burack wrote his Petro Profit Report a little more than a year ago. He was a little early to the game. Now oil is trading over $100 a barrel and his report’s findings have been uncannily correct. He’s expecting more of the same and the current situation in Syria has very little to do with it. While there may be plenty of oil left to find, it’s the cost of extraction that’s got him concerned. Fracking wells is expensive and these wells just don’t last all that long. The world is going to have to switch over to natural gas, but it just doesn’t seem up to the task. The future does indeed seem bleak when it comes to energy production.
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