Swings in commodity prices are often exaggerated in both directions, says Eric Roseman. And that’s exactly what we have seen with crude oil prices this year. But Eric says most of the destruction in demand is now priced in. But long-term supply will still be tight. That’s why we should be near the bottom of the oil cycle, with potentially massive gains for investors that by now.

The global credit bubble imploded in 2008. And now we are seeing extraordinary efforts to re-inflate it. But Byron King says we can’t go back to the old system now. Investors today need to protect their wealth with gold and cash. But long-term investors should base their strategy on the future scarcity of energy and mineral resources.

While no one was looking the Bush Administration quietly changed regulations that would allow oil companies to extract shale from public lands. The U.S. Department of the Interior made both a land grab and a regulatory grab for enormous swaths of shale that have previously been off limits.

Reserves of high-grade oil are in decline, says Byron King. Other hydrocarbons will be required to meet energy demand over the coming decades. But the cost of extracting and refining these resources is much higher than the current market price of crude. And that’s why cheap fuel is definitely not here to stay.

“There’s an energy tsunami coming, and when you see it coming you better get on top of the wave, or you’re going to get crushed by it.”

These are the words of retired Marine General James Jones, the president of  21st Century Energy, the group behind the recent open letter by 27 U.S. political elders to both presidential candidates and every member of Congress saying the U.S. faces “a long-term energy crisis.”

There’s two ways of looking at it. Oil-rich nations are getting rich at the expense of the U.S. thanks to sky-high crude oil prices, says energy investing expert Byron King.