http://finance.yahoo.com/tech-ticker/article/11413/High-Oil-Prices-You-Ain't-Seen-Nothing-Yet?tickers=xom
"Charles Maxwell is known as the “Dean of Energy Analysts,” following decades working on Wall Street and for Mobil Corp. before the XOM deal. As global oil consumption rises and oil production peaks and ebbs, prices will shoot higher — a lot higher, says Maxwell, senior energy analyst at Weeden & Co. in Greenwich, Conn.
Maxwell forecasts $180 oil by 2015, and $300 a barrel by 2020. And at those prices, could rationing be far off in the future? Plus, check in with Tech Ticker later to get Maxwell’s take on smart oil investing plays as oil reaches the bottom of the barrel."
Today's video from tech ticker from yahoo finance kinds of reminds me of a book I read a few years ago.
http://books.google.com/books?id=rsmRY6SfpvUC&dq=the+end+of+oil&pg=PP1&ots=FBOnLd_eco&sig=AfLtV7EHYUkOX9b_eAHJfX48c8Y&hl=en&prev=http://www.google.com/search?hl=en&rlz=&q=+The+end+of+oil&sa=X&oi=print&ct=title&cad=one-book-with-thumbnail#PPP1,M1
Although Paul Roberts didn't forecast the price of oil, he did note that non-OPEC oil will peak at 2010, followed by OPEC oil peak at 2015. The exact same thing that Mr. Maxwell said 4 years later! Note: even though the book was published in 2005, Paul probably wrote the book in 2003-2004.
That's reinforces my view on clean tech, coal (it's clean if GE can sequester carbon), and nuclear.
Wednesday, April 16, 2008
The end of oil
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