There's a buying frenzy underway in the energy market right now... And I believe it represents one of the best opportunities you'll ever have to get rich in natural resources.
It all comes down to a huge problem facing ExxonMobil XOM and its fellow Big Oil companies...
In the past year, famed financial analyst and trader Jim Chanos has made big news with his short position in ExxonMobil. Chanos is the billionaire founder of Kynikos Associates... He predicted the fallout in Enron and the collapse in the subprime housing market.
And just last month, he discussed his bearish stance on ExxonMobil: "ExxonMobil will not be able to replace its reserves."
That's a bold statement. After all, ExxonMobil is one of the most respected, most successful companies in the world... and it's excellent at finding oil. ExxonMobil was able to replace more than 100% of its reserves for 17 straight years. (At a 100% reserve replacement ratio, a company is replacing one barrel of oil for each one produced.)
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