Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.
This week on Wealthtrack Extra, Consuelo Macktalks to Charlie Maxwell, the “dean of energy analysts”. According to Maxwell, who is Weeden & Co.’s Senior Energy Analyst, OPEC had cut back oil production before the Middle East turmoil erupted and has about 5 million barrels a day of unused capacity that it could bring on stream in a month. He is not terribly concerned about a domino effect of insurrection spreading to the oil producing countries that he says really count, namely Saudi Arabia, Kuwait, Iraq and Iran.
Maxwell also shares his investment recommendations.
Note: The transcript of this interview is not available yet, but will be posted here as soon as it arrives.
Source: Wealthtrack Extra, February 25, 2011.
Wealthtrack: Charlie Maxwell – “we have enough oil” was first posted on February 28, 2011 at 8:20 am.
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