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Tag Archives: Art Berman

  • Insider
    Shutterstock

    Off The Cuff: Twilight In The Desert Has Begun

    An oil engineer's dark take on the Ghawar oil field decline
    by Adam Taggart

    Tuesday, April 9, 2019, 4:45 PM

    6

    In this week's Off The Cuff podcast, Chris and Art Berman discuss:

    • Is the Ghawar oil field truly in decline?
    • If so, what are the implications?
    • What other important revelations does the Saudi Aramco prospectus contain?

    In the light of the huge surprise contained in the recent Saudi Aramco prospectus, that Saudi Arabia's massive Ghawar “crown jewel” conventional oil field is in decline (currently at a maximum output of 3.8 million barrels per day vs the previous estimate of 5.8mbd), we rushed to interview seasoned petroleum geologist Art Berman on the news.

    Is he as concerned about the revelation as we are?

    Yes. In fact, he suspects the 3.8mbd is likely still an overly-exagerrated figure, and that the field's true max output is even lower.

    In his estimation, the fiction the world has been telling itself — that Peak Oil isn't real — is about to be rudely disproven. The recent (and much more expensive) shale bonanza will prove to be a short-lived distraction, and we'll soon be face-to-face with the predicament of how to power the global economy with less net energy.

    Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio as well as all of PeakProsperity.com's other premium content.

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  • Podcast

    Art Berman: Exposing The False Promise Of Shale Oil

    Estimates of recoverable oil are proving wildly wrong
    by Adam Taggart

    Wednesday, January 16, 2019, 10:44 AM

    17

    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 hopes on its shale oil “revolution”, so much depends on that story being right. Here’s the narrative right now:

    • The US, is the new Saudi Arabia
    • It’s the swing producer when it comes to influencing the price of oil
    • The US will be able to increase oil production for decades to come
    • New technology is unlocking more oil shale supply all the time

    But what if there’s evidence that runs counter to all of that?

    We’re going to be taking a little victory lap on this week’s podcast because The Wall Street Journal has finally admitted that shale oil wells are not producing as much as the companies operating them touted they would produce — which is what we’ve been saying for years here at PeakProsperity.com, largely because we closely follow Art’s work.

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  • Blog
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    The Shale Oil Revolution Actually Reflects a Nation in Decline

    Faster consumption + no strategy = diminished prospects
    by Chris Martenson

    Friday, January 11, 2019, 4:48 PM

    11

    For several decades now the US has been getting its energy policy very badly wrong.  It's so short-sighted, and rely so heavily on techno-optimism, that it barely deserves to be called a 'policy' at all. 

    Which is why we predict that in the not-too-distant future, this failure to plan will attack like a hungry wolfpack to bite down hard on the US economy’s hamstrings and drag it to the ground.

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  • Daily Digest
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    Daily Digest 7/6 – Good News Friday: How To Rewild Yourself, Now Is The Time To Buy Gold

    by DailyDigest

    Friday, July 6, 2018, 3:25 PM

    2
    • My advice after a year without tech: rewild yourself
    • “Find your passion” is bad advice, say Yale and Stanford psychologists
    • Combining Antibiotis May Stave Off Future Superbugs
    • Precious Metals Price Outlook: Buy Now
    • As The Currency Reset Begins – Get Gold As It Is “Where The Whole World Is Heading”
    • The Strange Brain of the World’s Greatest Solo Climber
    • Why Millennials Should Invest In Agriculture
    • The Nature Conservancy: 2018 Photo Contest Winners

    Read More »

  • Daily Digest
    Image by push1, Flickr Creative Commons

    Daily Digest 2/6 – Shale Reality Check, Permafrost Home To Large Mercury Reserves

    by DailyDigest

    Tuesday, February 6, 2018, 5:41 PM

    1
    • Stocks and Precious Metals Charts – Blue Monday – How Are the Mighty Mispricings of Risk Fallen 
    • A Timeline Of The FBI And DOJ's Involvement In Hillary's Emails And The Trump Dossier
    • How much are illegal activities behind the demand for crypto-currency?
    • The Market Meltdown Is an Ominous Sign
    • FEMA Contract Called for 30 Million Meals for Puerto Ricans. 50,000 Were Delivered.
    • Shale Reality Check
    • Oil Prices Ravaged By Financial Turmoil 
    • Arctic permafrost home to large mercury reserves, study finds 

    Read More »

  • Podcast

    Art Berman: Don’t Get Used To Today’s Low Oil Prices

    They're a temporary anomaly. Higher prices are ahead.
    by Adam Taggart

    Sunday, May 7, 2017, 7:00 PM

    13

    Oil expert and geological consultant Art Berman returns to the podcast this week to address head-on the question: Was the Peak Oil theory wrong? With the world "awash" in sub-$50 per barrel oil, were all the warnings about persistently higher future oil prices just a bunch of alarmist hand-wringing?

    In a word: No.

    Art explains how the current glut of oil created by the US shale boom — along with high crude output by both OPEC and non-OPEC  producers — is a temporary anomaly. Fundamentally, we are not finding nearly as much oil as we need to continue our demand curve; and at the same time, we are extracting our reserves at a faster rate than ever. That's a mathematical recipe for a coming supply crunch. It's not a matter of if, but when.

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  • Podcast

    Art Berman: The Coming Moonshot In Oil Prices

    Today's low prices mask an approaching supply crunch
    by Adam Taggart

    Sunday, July 3, 2016, 1:47 PM

    23

    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.

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