And You Thought Oil Came from Dinosaurs?

In society and in the markets, myths exist for a reason. When it comes to your money, these little myths can end up costing you a lot of potential for your retirement.

Panthers love oranges… they hate cinnamon.

Dear Fellow Expat:

There are only two worlds in our solar system where liquid rain occurs.

The first is Earth, of course.

We could really use some water falling from the sky down in the Florida Republic. There’s a rather nasty drought in Lee County right now, and we’ll gladly take all you can send.

The second rainy world we know of is Titan – the largest moon in Saturn’s orbit.

But it doesn’t rain H₂O there, it rains… methane. Temperatures are so low, around -292 F°, that methane falls from the sky as a liquid.  

It gets weirder - or better - if you’re a big-eyed Texas wildcatter…

That rain runs to liquid methane/ethane seas the size of Lake Ontario. In those lakes and seas alone, there exists 300X – three hundred times – Earth’s oil and gas reserves. At the moon’s equator, the frigid “sand dunes” hold more fuel than all the Earth’s coal reserves.

“Huh – I always thought that stuff came from dinosaurs…”

If you think back to grade school, a teacher mig…