Washington considers a decline of world oil production as of 2011

Posted on by

From Le Monde:

“The U.S. Department of Energy admits that “a chance exists that we may experience a decline” of world liquid fuels production between 2011 and 2015 “if the investment is not there”, according to an exclusive interview with Glen Sweetnam, main official expert on oil market in the Obama administration.”

Link to full article here

Advertisement
This entry was posted in Energy, Oil, Peak Energy, U.S. by Ron Mahabir. Bookmark the permalink.

About Ron Mahabir

Ron has been focused on major macro trends since the mid-1990’s when he began investing in early stage Internet companies. In 1999, Ron moved to Tokyo to concentrate on the opportunity provided by the Asian Financial Crisis. He established the Japan office for Colony Capital, a Los Angeles based private equity group which has invested over US$39 billion. As President of Colony Japan, Ron oversaw the acquisition, management and disposition of corporate, non-performing loan and property transactions. While at Colony, Ron represented the firm on the board of Aozora Bank Ltd, a nationalized bank Colony acquired in a consortium with Softbank. In 2004, Ron foresaw the makings of a credit bubble and until late 2006 led an investment in and turnaround of the largest mortgage default communications company in North America, The Walz Group. Since acquisition, The Walz Group has experienced significant growth and was listed at #45 on the Inc. 5000 (2008). In anticipation of the largest emerging macro opportunity, the twin crises in energy and the environment, Ron co-founded Asia Cleantech Capital in late 2006. Based in Singapore, Asia Cleantech is focused on investment in clean forms of transportation and power for the Asia Pacific. Ron graduated with honors from the Haas School of Business at the University of California, Berkeley.

Leave a Reply

Fill in your details below or click an icon to log in:

Gravatar
WordPress.com Logo

You are commenting using your WordPress.com account. ( Log Out / Change )

Twitter picture

You are commenting using your Twitter account. ( Log Out / Change )

Facebook photo

You are commenting using your Facebook account. ( Log Out / Change )

Cancel

Connecting to %s