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High Oil Prices? You Ain't Seen Nothing Yet

Posted Apr 16, 2008 12:39pm EDT by Aaron Task in Newsmakers, Commodities
Related: xom

Charles Maxwell is known as the “Dean of Energy Analysts,” following decades working on Wall Street and for Mobil Corp. before the XOM deal. As global oil consumption rises and oil production peaks and ebbs, prices will shoot higher — a lot higher, says Maxwell, senior energy analyst at Weeden & Co. in Greenwich, Conn.

Maxwell forecasts $180 oil by 2015, and $300 a barrel by 2020. And at those prices, could rationing be far off in the future? Plus, check in with Tech Ticker later to get Maxwell’s take on smart oil investing plays as oil reaches the bottom of the barrel.

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