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…

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.)

A shale gas boom?

My sympathy lies with skeptics. As someone who has written extensively about peak oil, I’ve encountered the human proclivity to hype a situation far beyond any semblance to reality time and time again—the Jack #2 discovery in the Gulf of Mexico comes to mind. Nevertheless, I’m going to say the jury is still out on this one.