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Benjamin · 21-06-2009, 22:29

Some New Thoughts on Peak Oil Timing from Charlie Maxwell
Posted By jkingsdale On January 27, 2008

Mr. Maxwell, the Senior Energy Analyst at Weeden & Co, is one of the world’s deepest thinkers and most eloquent writers on energy matters and has been for decades. So it is worth paying attention when Charlie changes his assumptions about the future of oil for the first time in six years, as he discusses in [1] this ASPO article: http://www.aspo-usa.com/index.php?op...=297&Itemid=91

To summarize (which is nearly impossible to do) Charlie now believes as follows:

- the peak in non-OPEC oil production will occur in 2008 instead of 2010 because Anglola and Equador have become members of OPEC and China is peaking earlier than he had thought.

- the public international oil companies will reach a peak of production as a group in 2011 and begin to decline in 2012.

- the peak of all liquids production will be in 2015 and for all conventional oil (excluding oil sands, etc) it will be 2013.

Charlie concludes with a comment that, "an energy storm is headed in our direction". One thing I find absolutely remarkable and staggering about Charlie’s thoughts is how totally in synch they are with the production projections done by Chris Skrebowski. I have previously quoted Chris’s projection that oil production will fall off a cliff in 2014.

I strongly recommend that you read Charlie’s entire article.

More on this topic
[2] (What's this?)
[3] Three Big Reasons Oil Prices Will Rally Back Big Time (Money Morning, 5/23/09)
[4] Quick Layman’s Primer to Peak Oil (The Enlightened American, 6/6/09)
[5] Gold climbs to $1250, Oil at $200 (Investment U, 5/26/09)
Read more on [6] Oil Prices, [7] Peak Oil, [8] Energy at [9] Wikinvest

--------------------------------------------------------------------------------

Article printed from Jim Kingsdale’s Energy Investment Strategies: http://www.energyinvestmentstrategies.com

URL to article: http://www.energyinvestmentstrategie...arlie-maxwell/

URLs in this post:
[1] this ASPO article: http://www.aspo-usa.com/index.php?op...=297&Itemid=91
[2] (What's this?): http://www.wikinvest.com/blogger/wikinvest_wire
[3] Three Big Reasons Oil Prices Will Rally Back Big Time: http://www.moneymorning.com/2009/05/...-prices-report
[4] Quick Layman’s Primer to Peak Oil: http://enlightened-american.com/2009...er-to-peak-oil
[5] Gold climbs to $1250, Oil at $200: http://www.investmentu.com/IUEL/2009...d-and-oil.html
[6] Oil Prices: http://www.wikinvest.com/concept/Oil_Prices
[7] Peak Oil: http://www.wikinvest.com/concept/Peak_Oil
[8] Energy: http://www.wikinvest.com/industry/Energy
[9] Wikinvest: http://www.wikinvest.com

21-06-2009, 22:29	#61
Benjamin TBB Family Registriert seit: Mar 2004 Beiträge: 10.373	Some New Thoughts on Peak Oil Timing from Charlie Maxwell Posted By jkingsdale On January 27, 2008 Mr. Maxwell, the Senior Energy Analyst at Weeden & Co, is one of the world’s deepest thinkers and most eloquent writers on energy matters and has been for decades. So it is worth paying attention when Charlie changes his assumptions about the future of oil for the first time in six years, as he discusses in [1] this ASPO article: http://www.aspo-usa.com/index.php?op...=297&Itemid=91 To summarize (which is nearly impossible to do) Charlie now believes as follows: - the peak in non-OPEC oil production will occur in 2008 instead of 2010 because Anglola and Equador have become members of OPEC and China is peaking earlier than he had thought. - the public international oil companies will reach a peak of production as a group in 2011 and begin to decline in 2012. - the peak of all liquids production will be in 2015 and for all conventional oil (excluding oil sands, etc) it will be 2013. Charlie concludes with a comment that, "an energy storm is headed in our direction". One thing I find absolutely remarkable and staggering about Charlie’s thoughts is how totally in synch they are with the production projections done by Chris Skrebowski. I have previously quoted Chris’s projection that oil production will fall off a cliff in 2014. I strongly recommend that you read Charlie’s entire article. More on this topic [2] (What's this?) [3] Three Big Reasons Oil Prices Will Rally Back Big Time (Money Morning, 5/23/09) [4] Quick Layman’s Primer to Peak Oil (The Enlightened American, 6/6/09) [5] Gold climbs to $1250, Oil at $200 (Investment U, 5/26/09) Read more on [6] Oil Prices, [7] Peak Oil, [8] Energy at [9] Wikinvest -------------------------------------------------------------------------------- Article printed from Jim Kingsdale’s Energy Investment Strategies: http://www.energyinvestmentstrategies.com URL to article: http://www.energyinvestmentstrategie...arlie-maxwell/ URLs in this post: [1] this ASPO article: http://www.aspo-usa.com/index.php?op...=297&Itemid=91 [2] (What's this?): http://www.wikinvest.com/blogger/wikinvest_wire [3] Three Big Reasons Oil Prices Will Rally Back Big Time: http://www.moneymorning.com/2009/05/...-prices-report [4] Quick Layman’s Primer to Peak Oil: http://enlightened-american.com/2009...er-to-peak-oil [5] Gold climbs to $1250, Oil at $200: http://www.investmentu.com/IUEL/2009...d-and-oil.html [6] Oil Prices: http://www.wikinvest.com/concept/Oil_Prices [7] Peak Oil: http://www.wikinvest.com/concept/Peak_Oil [8] Energy: http://www.wikinvest.com/industry/Energy [9] Wikinvest: http://www.wikinvest.com