The only thing I would be worried now of, is the Oil Industry. I like Warren Buffet's mantra: "For every bubble, there is a needle in waiting".
There is still plenty of Oil available in the world. It is just harder to extract, and no doubt, the technology to make it possible is there. The days of OPEC holding the world hostage are numbered..and they probably know it.
History has shown, that once real necessity occurs, a solution is found rather quickly. Undoubtedly, this time will be no different. In the short term, it might hurt a little, but this too, will get resolved. Human creativity combined with free markets are an amazing force, which keeps things in balance over the longterm.
Besides, reports of Oil tankers, full of Oil, waiting for days in habors before being able to off load, suggest, that this is also an infrastructural problem.
US has more coal, than Saudi has Oil. Coal can be processed into synthetic oil. There is no way, that in our life time we will be running out of energy, if ever.
IMHO in a few years nobody will talk about oil prices or the price of energy for that matter.
It is the media, that has to report something - even if it has nothing to report. Doom & Gloom sells. Would anybody listen to: "Everything is just fine, we just need some time to restructure our energy infrastructure."... Nobody would care...or buy a newspaper..or watch the news station, that dramatically competes with another news station.....
Just a few months ago it was "global warming", now it is Oil.. soon it will be "global warming" again...and then some other scandal
While information exchange is good in its essence, too much information can create unnecessary problems....
Just dump the TV for a year and go out play golf or do something you love and you will feel a lot better....that's a promise.
If you want to become a pilot, then for good's sake do everything you can to achive your goal... Just realize, that there are some realities, you may not like about the industry, but that goes for anything.
