Peak Oil Coming Soon, Says Energy Exec

Charles Maxwell, a former energy executive who is now an analyst at Weeden & Co., says "peak oil" will drive oil prices to US$300 a barrel over the next decade.

1 minute read

November 10, 2010, 6:00 AM PST

By Tim Halbur

Maxwell says that alternative energy is still far too small a portion of our energy consumption to make a difference. Conservation will be the only way to manage dwindling supplies.

Olivier Ludwig interviews Maxwell for the Financial Post:

"MAXWELL: Globally, I believe we're quite close to the peak, simply because we've gone from 6% increases in production to 3% per year increases, to half a percent per year increases. I think peak will come between 2015 and 2017. So, we're nearly on it."

Thanks to Steven Godfrey

FULL STORY: Oil is going to US$300 a barrel, peak oil coming soon Read more: http://www.financialpost.com/news/business-insider/going+barre

Friday, November 5, 2010 in Financial Post

Energy World Peak Oil

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