Commentary: Interview with Charles T. Maxwell (Part 2 of 2)

“We’re not going to have to help the oil industry. They already have all the help they need. I wouldn’t take away what they have but I wouldn’t add to it.”(Charlie Maxwell is the life-long oil industry analyst viewed by Barrons’ magazine as their energy guru.)

The slope of dysfunction

Perhaps you have heard of the Peak Oil theory? Most people have by now, even the people whose job used to involve denying the possibility that global crude oil production would peak any time soon. Now that everybody seems a bit more comfortable with the idea, perhaps it is time to reexamine it. Is the scenario Peak Oil theoreticians paint indeed realistic, or is it firmly grounded in wishful thinking?