The world is grappling with the imminent impact of high oil prices. The end of oil as the cheap source of energy is close. In the summer of 2008, crude oil prices had almost reached $150 per barrel before the bubble burst and the global economy went into a recession.
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Right now, oil prices are not high but as the global economy heats up and starts expanding again, crude oil prices will again skyrocket. This time it is being predicted that crude oil prices are going to reach almost $200 per barrel. What this means is that the days of oil as a cheap source of energy are almost over.
The world is frantically looking for an alternative source of energy. Do you know this that Lithium is being called the new oil? It is now pretty much clear that lithium ion batteries are going to be the source of automotive energy in the near future.
New York Times has predicted an increase of almost 40% in the demand of Lithium by 2014. It has been estimated that the future worldwide market for rechargeable lithium batteries will grow to $4 billion a year. Now whoever is going to invest in lithium stocks right now is going to reap huge rewards within the next few years.
Let's take a look at the statistics. Lithium One Inc shares experienced a staggering gain of 1,745% in a period of just 8 months. Rodinia Minerals shares experienced a gain of 1,500% in the same period of 8 months. Canada Lithium Corp experienced a gain of 888% in the same period.
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Now as a savvy investor if you had just invested $11,000 in the shares of Lithium One Inc in December 2008, you would have turned that $11,000 into $203,000 after eight months. You might have missed this chance to get rich.
But still you have a chance to get rich with the Lithium Mining Stocks as there are not many companies in this sector of the market. As you saw above, many of the early entrants to this hottest market sector have made huge gains in a matter of eight months.
What you need is a new startup that is unnoticed by the Wall Street and the institutional investors but has the potential to skyrocket in the next few months. There are a few startups that have stocks as low as $1 that could soar as high as $10 by the end of this year. This might be the best time to invest in them.
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