(Important) Wow, That's All I Can Say

I don't remember the last time I felt the need to do a weekend write-up. Perhaps it's the podcast I listened to today from Peak Prosperity speaking with Adam Rozencwajg. If you have time, I think it's a great listen, and while I disagree with some of the assumptions used (Hubbert's curve, for example), I think it was very insightful.

And after listening to the podcast, it made me really think about the kind of market we are in today. First off, with Nvidia's recent rise, the market cap of Nvidia is now larger than that of the Chinese stock market and $200 billion more than all of the companies in the S&P 500 energy sector.

Source: Charlie Bilello

Similarly, even if we use Nvidia's projected earnings for this year ($45 billion), it is still dwarfed by the $147 billion generated from the S&P energy sector. I know what you are thinking, apples to oranges. And you aren't wrong, but these mental exercises are just an illustration of the type of market we are in.

But the main topic of this article isn't about Nvidia and how it's trading higher than the energy sector. No, it's about the fact that peak oil supply is here a lot sooner than you think.