oil

Podcast

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Art Berman: The Coming Moonshot In Oil Prices

Today's low prices mask an approaching supply crunch
Sunday, July 3, 2016, 9:47 AM

In spite of the recent low prices for oil and natural gas, an energy supply crunch is looming warns geological consultant Arthur Berman.

Berman's perspective should not be lightly dismissed: he has 37 years of experience in petroleum exploration and production with 20 of those years at Amoco (now known as BP). He has published more than 100 articles and reports on geology, technology and the petroleum industry during the past five years --more than 20 of those focused on the shale industry including the Barnett, Fayetteville, Haynesville, Bakken and Eagleford plays. » Read more

Podcast

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M. King Hubbert: The Limits To Oil

Inside the mind of the father of Peak Oil
Sunday, May 8, 2016, 12:52 PM

M. King Hubbert did more to raise awareness of the finite nature of global oil reserves than any other person, living or dead. He was a larger-than-life figure, who fought tirelessly to insert the limits of nature into the national dialog regarding the strategic use of resources. Yet surprisingly little has been publicly documented about the man, even though we are hurdling ever faster into a future shaped by the very limits he warned about.

In today's podcast, Chris talks with Mason Inman about his new book The Oracle Of Oil, the first in-depth biography of M. King Hubbert, to learn more about the genesis of the Peak Oil theory. » Read more

Insider

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Off The Cuff: Are We Entering A New Bull Market For Gold?

Likely, though risk of a short term pull-back is high
Friday, March 11, 2016, 12:30 AM

In this week's Off The Cuff podcast, Chris and John Rubino discuss:

  •  Has A New Bull Market In Gold Begun?
    • Maybe, though a short term pull-back is likely
  • Has Oil Bottomed?
    • Much harder to tell
  • Electric Cars
    • How long may it really take for them to reach mainstream penetration?
  • How Bad Will The Next Market Crash Be?
    • Very bad. This next one's for all the marbles.
Insider

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ALERT: Markets In Breakdown

Time to take emergency funds out of the banking system
Thursday, February 11, 2016, 1:47 PM

This is a formal ALERT.

We issue those very sparingly here at Peak Prosperity. We only issue them when world events have gotten to the point that we are personally taking new actions to shore up our preparations.

2016 is fast proving that the tranquility the world has enjoyed from 2010 up to now has been false; that the problems we face were merely temporarily papered-over by central planners, not resolved. That tranquility is now over. Prepare for more turbulent times. » Read more

Blog

The Return Of Crisis

Suddenly banks everywhere are in deep, deep trouble
Tuesday, February 9, 2016, 12:28 AM

Financial markets the world over are increasingly chaotic and either retreating or plunging.  Our view is that there’s a gigantic market crash in our future and it’s possible that this has started now. » Read more

Insider

The Breakdown Has Begun

A wave of defaults is about to crash over us
Tuesday, February 9, 2016, 12:26 AM

Executive Summary

  • Oil patch defaults will be the trigger that burns down the markets
  • Defaults will ripple widely across many industries and sectors
  • The banks are suddenly turning on their central bank brethren
  • How to protect yourself from the coming era of wealth destruction

If you have not yet read The Return Of Crisis, available free to all readers, please click here to read it first.

Oil Troubles

The financial sector may be suffering through a bad time, but the oil sector is experiencing something far worse. While overall demand for petroleum is flat or down nearly everywhere, every producer is pumping like mad either to achieve a geopolitical agenda (as with Saudi Arabia and Russia) or to simply survive.

This chart of the price of WTIC oil also sports a pretty convincing head and shoulders formation, a common warning of “lower prices dead ahead”:

It looks like the $30 mark is the area to keep a close eye on, as that represents one possible ‘neckline’ to the H&S formation drawn above.  If that fails, look out below. Expect that area to be defended pretty vigorously by those institutions long oil.

I'm anticipating quite a skirmish over the $30 mark. But ultimately, I believe oil prices have further to fall. I think this because the economic news is dismal – no growth, only contraction right now and that’s going to hit demand – and also because the US has too much of the stuff to store. And because the next... » Read more

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Oil Is Sinking The Markets

Subprime comparisons are now too obvious to ignore
Monday, January 25, 2016, 7:47 PM

A vast, enormous amount of junk-rated oil debt is in deep trouble. Everybody knows this, but saying so has been taboo up until now, at least in polite conversations.

But the parallels to the sub-prime market's role as the "pin that popped the bubble" in 2008 are now too obvious to ignore. » Read more

Insider

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Off The Cuff: It's Beginning To Look A Lot Like 2008

Liquidity is drying up & the banks are weakening fast
Thursday, January 21, 2016, 3:16 PM

In this week's Off The Cuff podcast, Chris and John Rubino discuss:

  • It's Looking Like 2008 All Over Again
    • Liquidity is drying up & the banks are weakening fast
  • Oil At The Epicenter
    • The ripple effect of the losses will be wider than anyone expects
  • Financial Sector Leading The Way Down
    • The banks are getting hammered for their loan exposure
  • Gold Set To Shine Again
    • Will 2016 finally see a safety-driven rebound?
Insider

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Off The Cuff: A Lot Of Deterioration...

The global economy's woes have worsened quickly
Thursday, January 14, 2016, 2:26 AM

In this week's Off The Cuff podcast, Chris and Brian Pretti discuss:

  • A Lot Of Deterioration
    • Why 2016 is off to a very grim start
  • There Will Be Blood
    • The carnage from the drop in oil prices will be horrific
  • Ugly, Ugly Data
    • The economic numbers are shouting sickness worldwide
  • Gold
    • Why 2016 will mark the low
Podcast

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Arthur Berman: Why The Price Of Oil Must Rise

Why a supply shock is inevitable
Sunday, January 10, 2016, 5:09 PM

Geologist Arthur Berman explains why today's low oil prices are not here to stay, something investors and consumers alike should be very aware of. The crazy-low prices we're currently experiencing are due to an oversupply created by geopolitics and (historic) easy credit, not by sustainable economics.

And when the worm turns, we are more likely than not to experience a sudden supply shortfall, jolting prices viciously higher. This will be a situation not soon resolved, as the lag time for new production to come on-line will be much longer than the world wants. » Read more