 Simply sign up to receive the FREE Energy and Capital daily e-letter to get our latest report, The End of Oil, absolutely FREE: The End of Oil The Ongoing Conflict To Gain Control of the World's Remaining Oil Reserves... and Why Big Oil Is Frantically Buying Back Its Own Stock Last October, the financial news service Bloomberg published an expose on an emerging crisis in Big Oil... one that'll have a dramatic impact on world oil consumption. In short, Exxon, Chevron, Shell and the like are quietly "liquidating" their public stock. According to Bloomberg: "There's a steady liquidation of the world oil industry... Exxon is buying back about $30 billion of its shares each year. If that continues, Exxon will have repurchased all its stock by about 2024." BP has been one of the most aggressive... They've repurchased nearly 60% of all its outstanding shares since 2000. In fact, Big Oil is now spending more on stock buybacks than they are on oil exploration. According to a Rice University study: "The handwriting is on the wall. The oil majors used 56% of their cash-flow on share repurchases... They are not replacing reserves. It is as if they are slowly liquidating their long-term asset base." --November 12, 2007 This begs the question: With oil trading near $100 a barrel and demand soaring, why aren't these companies investing every penny they have exploring for more oil? The answer will shock you.  Energy and Capital Editor Brian Hicks, featured guest on Your World With Neil CavutoWe've been following this emerging crisis for 5 years... and here's what we've uncovered. Not only did we learn that Big Oil is preparing for the last days of its existence, but we also discovered that this situation represents one of the greatest investment opportunities of the 21st Century. The death of Big Oil has created an investment that'll allow you to pocket as much as $309,000 in 2008. It's all in our free report, The End of Oil: Capitalism's Silent Panic. You'll learn the 4 best ways to make a killing as Big Oil rides off into the sunset. _____________________  Learn how to get your free copy of the new book, Profit from the Peak (featured on CNBC and Fox News), after signing up for the Energy & Capital e-Letter.After getting The End of Oil, you'll begin receiving the Energy and Capital e-Letter, delivered to your inbox five times a week. In each issue, you'll discover the foresight and vision to exploit the investment strategies in a world beyond oil. Here are some recent Energy and Capital issues our readers picked as their favorites:
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