Quality Time with Energy Analyst Sir Charlie Maxwell

While Charlie Maxwell has not been knighted, officially, any SOB who can spend 40 years on the SellSide, dealing with the BuySide day in and out, deserves to be.

Consider it done, Charlie.

In an overlooked interview last Thursday, Charlie spends some quality time with Charlie Rose, and discusses everything from his forecast for oil (high $40s, flat, and then $70) to the impact on alternative energy, and the sad state of the energy infrastructure in this country.

Be careful what you wish for America. The lower prices at the pump are the only thing we have going for us, but we are sowing the seeds of our own destruction. Cap ex budgets for drilling and infrastructure/transport are being lowered and alternative energy, including solar, is dead in the water despite Obama’s win.

Big thinker Dan Yergin of Cambridge Energy Research Associates and chairman of the U.S. Department of Energy’s Task Force on Strategic Energy Research and Development is also on the clip, and you can see what he and Charlie think about China, Jimmy Carter’s sweaters, Boone Pickens obsession with natural gas and the reflation trade, which dumbass bloggers will tell you about after it is over.

It concludes with a good discussion of the Obama administration’s likely path as they reassert leadership in a constructive manner.

Full 38 minute clip:

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8 minute highlight reel if you are pressed for time:

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If you want to watch a shorter 2 minute clip on the demand for oil, here you go..

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The content contained in this blog represents the opinions of 1440 Wall Street. This commentary in no way constitutes a solicitation of business or investment advice. It is intended solely for the entertainment of the reader, and the author. No Positions

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