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Art Berman: Houston, We Have A Problem
Art Berman: Houston, We Have A Problem The surplus energy that powers the world is declining Every week in our Off The Cuff Series, we interview expert minds on the premium side of PeakProsperity.com. These discussions are unscripted and informal, where my partner Chris Martenson and his guest react to recent macro developments and predict […]
The Bakken Hit A New Record In 2018, But It’s A Bad Sign For The Industry
The Bakken Hit A New Record In 2018, But It’s A Bad Sign For The Industry The insanity continues in the United States second largest shale oil field as the fundamental economics go from bad to worse. While it is true that the shale industry doesn’t look as dire as it did back in 2016 […]
U.S. SHALE OIL INDUSTRY: Not In The Business To Make Money, But To Take Money
U.S. SHALE OIL INDUSTRY: Not In The Business To Make Money, But To Take Money The U.S. Shale Oil Industry has been a financial trainwreck since day one. And, with nearly $300 billion in public and private debt racked up by the shale industry since its inception, that hasn’t stopped investors from throwing good money after […]
Art Berman: Exposing The False Promise Of Shale Oil
Art Berman: Exposing The False Promise Of Shale Oil Estimates of recoverable oil are proving wildly wrong Art Berman, geological consultant with over 37 years experience in petroleum exploration and production, returns to the podcast this week to debunk much of the hopium currently surrounding America’s shale oil output. Because the US is pinning huge […]
The Shale Oil Revolution Actually Reflects a Nation in Decline
Shutterstock The Shale Oil Revolution Actually Reflects a Nation in Decline Faster consumption + no strategy = diminished prospects Here in the opening month of 2019, as the US consumes itself with hot debate over a border wall, far more important topics are being ignored completely. Take US energy policy. In the US press and […]
Shale Won’t Trigger The Next Financial Crisis
Shale Won’t Trigger The Next Financial Crisis Many think that debt and negative cash flow by U.S. shale companies will crash the global financial system. I believe the opposite is more likely, that a developing financial crisis may crash oil prices and test the survival of shale plays. In The Next Financial Crisis Lurks Underground, […]
A Hard Rain’s a-Gonna Fall
A Hard Rain’s a-Gonna Fall The prospects for the rest of the year are awful Après moi, le déluge ~ King Louis XV of France A hard rain’s a-gonna fall ~ Bob Dylan (the first) As the Federal Reserve kicked off its second round of quantitative easing in the aftermath of the Great Financial Crisis, hedge fund […]
Art Berman: Think Oil Is Getting Expensive? You Ain’t Seen Nothing Yet.
Art Berman: Think Oil Is Getting Expensive? You Ain’t Seen Nothing Yet. A global supply crunch approaches… After issuing clear warnings on this program that sub-$50 oil prices were going to be short-lived, oil expert and geological consultant Art Berman returns to the podcast this week to explain why today’s $70 oil prices will go […]
Party On, Dudes
Party On, Dudes As of this week, the shale oil miracle launched US oil production above the 1970 previous-all-time record at just over ten million barrels a day. Techno-rapturists are celebrating what seems to be a blindingly bright new golden age of energy greatness. Independent oil analyst Art Berman, who made the podcast rounds the […]
Art Berman: Like It Or Not, The Future Remains All About Oil
Vladimir Yudin | Dreamstime.com iTunes | Google Play | Download | Report Problem Art Berman: Like It Or Not, The Future Remains All About Oil And competition for it is heating up Art Berman, 40-year veteran in the petroleum production industry and respected geological consultant, returns to the podcast this week to talk about oil. […]
What’s Wrong With The U.S. Oil Export Boom
What’s Wrong With The U.S. Oil Export Boom The lead editorial in Friday’s Wall Street Journal was pure energy nonsense.’ “Lessons of the Energy Export Boom” proclaimed that the United States is becoming the oil and gas superpower of the world. This despite the uncomfortable fact that it is also the world’s biggest importer of […]
Why We Can Expect Cripplingly Higher Oil Prices In The Near Future
Why We Can Expect Cripplingly Higher Oil Prices In The Near Future The break-even price for Permian basin tight oil plays is about $61 per barrel (Table 1). That puts Permian plays among the lowest cost significant supply sources in the world. Although that is good news for U.S. tight oil plays, there is a […]
The Crude Oil Export Ban–What, Me Worry About Peak Oil?
The Crude Oil Export Ban–What, Me Worry About Peak Oil? Congress ended the U.S. crude oil export ban last week. There is apparently no longer a strategic reason to conserve oil because shale production has made American great again. At least, that’s narrative that reality-averse politicians and their bases prefer. The 1975 Energy Policy and Conservation Act (EPCA) that […]
What is the price of oil telling us?
What is the price of oil telling us? Market fundamentalists tell us that prices convey information. Yet, while our barbers and hairdressers might be able to give us an extended account of why their prices have changed in the last few years, commodities such as oil–which reached a six-year low last week–stand mute. To fill […]
