{"id":30099,"date":"2018-01-24T08:11:24","date_gmt":"2018-01-24T13:11:24","guid":{"rendered":"http:\/\/olduvai.ca\/?p=30099"},"modified":"2018-01-24T08:11:24","modified_gmt":"2018-01-24T13:11:24","slug":"art-berman-like-it-or-not-the-future-remains-all-about-oil","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=30099","title":{"rendered":"Art Berman: Like It Or Not, The Future Remains All About Oil"},"content":{"rendered":"<div class=\"article-header\">\n<div class=\"article-photo\">\n<div class=\"emvideo emvideo-video emvideo-youtube\"><iframe loading=\"lazy\" id=\"media-youtube-html5-2\" class=\"media-youtube-html5\" title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/gWC5SJjBdqc?version=3&amp;autohide=1&amp;fs=1&amp;modestbranding=1&amp;rel=0&amp;wmode=transparent&amp;showinfo=0\" width=\"292\" height=\"200\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<div class=\"field field-type-text field-field-article-photo-caption\">\n<div class=\"field-items\">\n<div class=\"field-item odd\">\n<p>Vladimir Yudin | Dreamstime.com<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"node-media-links\"><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/featured-voices\/id462415188\" target=\"_blank\" rel=\"noopener\">iTunes<\/a> | <a href=\"https:\/\/play.google.com\/music\/m\/I37wla2fzubwag74gsz3w77yvsa\" target=\"_blank\" rel=\"noopener\">Google Play<\/a> | <a href=\"https:\/\/s3.amazonaws.com\/cm-us-standard\/audio\/art-berman-2018-1-21.mp3\" target=\"_blank\" rel=\"noopener\">Download<\/a> | <a href=\"https:\/\/www.peakprosperity.com\/contact?edit[cid]=11\" target=\"_blank\" rel=\"noopener\">Report Problem<\/a><\/div>\n<\/div>\n<div class=\"article-details\">\n<h3 class=\"title\"><a href=\"https:\/\/www.peakprosperity.com\/podcast\/113680\/art-berman-not-future-remains-all-about-oil\">Art Berman: Like It Or Not, The Future Remains All About Oil<\/a><\/h3>\n<div class=\"article-lede\">\n<div class=\"field field-type-text field-field-lede\">\n<div class=\"field-items\">\n<div class=\"field-item odd\"><strong>And competition for it is heating up\u00a0<\/strong><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"content clearfix\">\n<p>Art Berman, 40-year veteran in the petroleum production industry and respected geological consultant, returns to the podcast this week to talk about oil.<\/p>\n<p>After the price of oil fell from its previous $100+\/bbl highs to under $30\/bbl in 2015, many declared dead the concerns raised by peak oil theorists. Headlines selling the &#8220;shale miracle&#8221; have sought to convince us that the US will one day eclipse Saudi Arabia in oil production. In short: <em>cheap, plentiful oil is here to stay.<\/em><\/p>\n<p>How likely is this?<\/p>\n<p>Not at all, warns Berman. World demand for oil shows no signs of abating while the outlook for future production looks increasingly scant. And the competition among nations for this &#8220;master resource&#8221; will be much more intense in future decades than we&#8217;ve been used to:<\/p>\n<blockquote><p>Since the 1980s, we simply have not been replacing reserves with new discoveries. So how does that work? Well, obviously, we&#8217;ve got a lot of oil on production and in reserves, so we&#8217;re essentially drawing down our savings account if you want to think about it that way. You can do that for a long time if you&#8217;ve got a whole lot of money in your savings account, and we as a planet do. But you can&#8217;t do it forever.<\/p>\n<p>Eventually, you either have to stop spending as much so you don\u2019t draw down your savings, or you need to put some money back in the account. And it doesn&#8217;t seem like we&#8217;re doing much of either, and haven&#8217;t been doing much of either for a long time. So the concern is tremendous, at least, in my estimation(&#8230;)<\/p><\/blockquote>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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\u00a0 Art Berman, 40-year veteran in the petroleum production industry and respected geological consultant, returns to the podcast this week to talk about oil. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[9860,3930,8195,130,3596,263,522,584,588,18114,2668,595,2218,3692,694,701,3576,10522],"class_list":["post-30099","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-adam-taggart","tag-alternative-energy","tag-art-berman","tag-china","tag-chris-martenson","tag-energy","tag-middle-east","tag-obama","tag-oil","tag-oil-discovery","tag-oil-exploration","tag-oil-production","tag-peak-prosperity","tag-petroleum","tag-russia","tag-saudi-arabia","tag-shale","tag-trump"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/30099","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30099"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/30099\/revisions"}],"predecessor-version":[{"id":30100,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/30099\/revisions\/30100"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}