February 27, 2008, 1:33 pm
Posted by Keith Johnson
Deutsche Bank’s oil team is jumping into the swirling peak-oil debate, arguing that steep decline rates in existing oil fields will make it all but impossible for producers to break beyond a 100
But Deutsche Bank is adamant that it is not joining the peak-oil crowd, which the bank slams as being in the “stopped-clock school of analysis.” “We’re not in the crowd that we’re all doomed,
we’ve had it,” says Deutsche analyst Paul Sarkey, one of the report’s authors. “We can handle this.”
Instead, the growing school of supply plateauists — which already includes the CEOs of Total and ConocoPhillips — has justgotten one bank larger.