Chris Nelder: Danger Zone−Oil Spare Capacity Decreasing
World oil production from 2005-2011 nearly flat
Jim welcomes back Chris Nelder to Financial Sense Newshour to discuss the recent IEA report on global oil production. Chris sees a growing danger zone as Saudi Arabian production decreases, as well as global spare capacity, while demand for oil continues to grow as the global economy recovers.
Chris is an energy analyst, journalist, and investor, and regularly consults and lectures on energy investing and policy. While spending nearly a decade studying energy, Chris has written two books on investing and energy: Profit from the Peak and Investing in Renewable Energy along with nearly 800 blog posts. In addition to his careers in energy journalism and software, Chris has worn many other hats, including solar PV system designer.