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Tag Archives: gas

  • Podcast

    Art Berman: Like It Or Not, The Future Remains All About Oil

    And competition for it is heating up
    by Adam Taggart

    Tuesday, January 23, 2018, 5:19 PM

    34

    Art Berman, 40-year veteran in the petroleum production industry and respected geological consultant, returns to the podcast this week to talk about oil.

    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 "shale miracle" have sought to convince us that the US will one day eclipse Saudi Arabia in oil production. In short: cheap, plentiful oil is here to stay.

    How likely is this?

    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 "master resource" will be much more intense in future decades than we've been used to.

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  • Insider
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    Off The Cuff: Quantifiying The Impact Of Hurricane Harvey

    Likely the most costly US storm -- ever
    by Adam Taggart

    Thursday, August 31, 2017, 11:32 PM

    10

    In this week's Off The Cuff podcast, Chris and Charles Hugh Smith discuss:

    • The Danger Has Not Yet Passed
      • Levee spillovers and other risks are still in play
    • The Impact On The Oil/Gasoline Market
      • Will be much larger than folks were originally expecting
    • The Costs To Rebuild Will Be Massive
      • Harvey will likely be the US' most expensive storm to-date
    • How To Prepare For Similar Disasters In The Future
      • Take action early. Don't lose urgency once the sun comes out

    In the midst of his hour-by-hour analysis of the situation in the Gulf in the aftermath of Harvey, Chris takes time to talk with Charles Hugh Smith about the repercussions of this mega-storm, both short and long-term.

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  • Blog
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    Why The Shale Oil “Miracle” Is Becoming A “Debacle”

    Dispelling the magical thinking behind the hype
    by Chris Martenson

    Saturday, August 26, 2017, 1:21 AM

    11

    The central point of this report is that the US is deluding itself when it comes to energy abundance (generally) and oil (specifically).

    The bottom line is this: The US shale industry resembles a fraudulent Ponzi scheme much more so than it does any kind of "miracle".

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  • 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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  • Insider
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    Get Ready For Sky-High Taxes

    As the pie shrinks, the taxman will grab for more
    by Chris Martenson

    Tuesday, May 12, 2015, 2:39 PM

    39

    At some point in the arriving future, there’s plenty of economic pain coming either to the taxpayers when the I.O.U.s come due, or to the hopeful retirees to whom much has been promised.

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  • Insider
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    Europe’s Next Energy Crisis Is Now Assured

    China takes more & more of the gas that once went to Europe
    by Chris Martenson

    Tuesday, November 11, 2014, 4:25 AM

    25

    Today, Russia inked a second blockbuster deal with China that will starve Europe for natural gas in just a few short years. It's now increasingly clear that 2018 will mark the beginning of the end for any hopes Europe had of returning to robust economic growth.

    It was by far the biggest news of the day. While it did make headlines, you might have missed it because not much was made of the affair beyond the announcement.  The story came and went as if Russia has oodles of natural gas (NG) to send to China.

    It doesn't. And the supplies it has now contracted to send to China will be pulled from supplies that currently go to Europe.

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  • Insider
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    Off the Cuff: Warming Up The Helicopters

    Yes, they're now talking about giving cash to citizens
    by Adam Taggart

    Tuesday, September 2, 2014, 1:58 PM

    3

    In this week's Off the Cuff podcast, Chris and Mish discuss:

    • Winter Is Coming
      • Russia's trump card
    • Europe Back In Recession
      • The EU's structural weaknesses are re-emerging
    • Bond Market Madness
      • Risk is terribly underpriced right now
    • Helicopter Drop Trial Balloon
      • Yes, they're now talking about giving cash to citizens
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  • Blog
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    Ukraine: A Perspective from Europe

    The West's power & influence is on the wane
    by Alasdair Macleod

    Wednesday, August 20, 2014, 3:54 PM

    5

    It is still a mystery to many historians as to how and why this World War I led to the slaughter of nine million people. But analysis of different parties to the original event, pursuing their own vested interests without a grasp of the bigger picture, certainly rings true of the Ukrainian situation today with regards to the West, embodied in a disparate committee called NATO. The similarity with the chaotic diplomacy that led to WW1 stops there: Russia under Vladimir Putin’s leadership appears to have a good grasp of its objective.

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  • Blog
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    On the Path To War

    Putin plays chess, the "markets" play Tic-Tac-Toe
    by Chris Martenson

    Monday, August 11, 2014, 11:25 PM

    23

    The US is clearly now pushing Russia towards war. But if you read the signs correctly, Russia has been preparing for exactly this outcome for many years.

    Out of several reasons that US power brokers specifically — but western power brokers more generally — are deeply unhappy with Russia right now is that Russia is committing a cardinal sin: it is openly, brazenly calling for an end to dollar dominance and has moved aggressively with China to achieve that aim.

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  • Blog
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    The US Shale Oil Miracle Disappears

    The Monterey formation was just downgraded by 96%
    by Chris Martenson

    Thursday, May 22, 2014, 1:02 AM

    26

    The US shale oil "miracle" has about as much believability left as Jimmy Swaggart. Just today, we learned that the EIA has placed a hefty downward revision on its estimate of the amount of recoverable oil in the #1 shale reserve in the US, the Monterey in California.

    As recently as yesterday, the much-publicized Monterey formation accounted for nearly two-thirds of all technically-recoverable US shale oil resources.

    But by this morning? The EIA now estimates these reserves to be 96% lower than it previously claimed.

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