This week on Wealthtrack Extra, Consuelo Mack talks 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.
