ODAC Newsletter – July 3

A weekly review from a UK perspective – “The first round in the great Iraqi oil sale was an interesting affair if not a very conclusive one. In the live TV auction which took place on Tuesday, only one deal was reached as international oil companies refused to meet the terms demanded…

Interview with Charlie Maxwell (Part 1 of 2)

“What struck me the most, as a surprise, is the virulence in the downtrend in the world economy. That’s a negative for the peak oil story, but only a temporary negative. By crushing demand, we are in effect gaining two more years, maybe three, in which we in the consuming world have added to our time before the peak, and could take good advantage of, since the peak is right upon us-I have it still at 2015 for all liquids.” (Charlie Maxwell is the life-long oil industry analyst viewed by Barrons’ magazine as their energy guru.)