ND shale holds the keys to OIL prices, Building Wealth, Investing, Retirement, Stock Trading, Freedom, Liberty, Applying History

Episode 61:  In this episode we discuss the actual cost of pumping oil- it’s a lot lower than you think.  We also discuss the concept of taking things to the limit, to weed out emotional responses.  In particular we look at North Dakota’s history of shale oil fracking & horizontal drilling.

The final take away for today is to be aware of the consequences of imbalance- Oil has plunged some 45%, not because the cost structure has changed, but because there is an imbalance between supply & demand.

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Hosted by John Pugliano. The Wealthsteading Podcast teaches 10 wealth building principles to help investors build wealth and attain personal freedom.

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Copyright © 2014 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah.