Tag Archives: Oil

  • Insider

    Off The Cuff: The Coming Oil Shortage Of June 2021

    Why oil will suddenly start mattering again
    by Adam Taggart

    Thursday, September 3, 2020, 7:09 AM

    21

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

    • US oil consumption is down ~15%, a good proxy of GDP shrinkage
    • Why US oil production will be dramatically lower by next June
    • Why the US may never produce as much oil as it did between 2016-2019
    • Why oil, not interest rates, will be the limiter of economic growth going forward

    For many years on this website we’ve warned of the coming crisis of “Peak Cheap Oil”. We may now be entering a new, accelerating stage of that story.

    Petroleum geologist Art Berman returns to the program to explain why he predicts US oil production will be materially lower by next June, and why it will likely never return to its 2016-2019 highs.

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  • Insider

    Off The Cuff: Too Vital To Fail

    Revisiting the world's sad addiction to fossil fuel
    by Adam Taggart

    Tuesday, June 9, 2020, 1:15 PM

    8

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

    • It’s about as bad as it has ever been for the US oil industry
    • Expect the government to intervene, as oil is Too Vital To Fail
    • Any ‘recovery’ will be long and costly
    • Like it or not, energy conservation and efficiency will be forced on society

    The global economy remains completely addicted to fossil fuel, particularly oil — the “master” resource.

    Of late, a collapse in the price of oil due to a slowing global economy — and then the widespread shutdowns forced by covid-19 — combined with overleveraged players and energetically-expensive extraction practices, and the industry is facing a likely wave of bankruptcies.

    So expect extreme action to keep the oil flowing, including but not limited to government takeover. Why? It truly is an “at all costs” need for those in charge. Art explains why extremely eloquently in this podcast.

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  • Insider

    The Implosion Of Oil = Game Over For The Economy

    More than anything else, the drop in oil demand reveals how far economic activity has fallen
    by Chris Martenson

    Friday, May 1, 2020, 9:33 PM

    33

    The current Federal Reserve money printing is doing little more than delaying the inevitable crash that is coming.

    Worse, when it does come, it will arrive with extra force because the Fed is pushing thin-air money by the trillions into a rapidly shrinking economy.

    This means we all have to be ready for…. (Enroll now to continue reading)

     

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  • Insider
    Empty Shelves

    SARS-COV-2: Intense Economic Damage

    by Chris Martenson

    Thursday, March 5, 2020, 5:54 AM

    67

    An economic &/or financial crash is not only possible, but is expected to be far larger than the 2008 crisis.  Economic impacts are piling up too fast to be properly analyzed.  So in this report we go into the one key factor out of them all that we watch most closely for clues to what’s coming up next.

    Be ready for shortages and the possibility of market closures, banking holidays and things like that.  While not very probable, the possibility of such things is now well above zero.

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  • Podcast

    Art Berman: Houston, We Have A Problem

    The surplus energy that powers the world is declining
    by Adam Taggart

    Friday, November 29, 2019, 7:37 PM

    41

    Chris caught petroleum geologist Art Berman right before he went on stage to deliver a presentation on the limitations of shale oil (his excellent slides can be found here). The world is finally starting to realize that the profit-making potential of this space was drastically over-hyped.

    But more important, warns Art, is that the souring sentiment on shale oil is a reflection on the bigger challenge ahead of us: How we will power the world in a future of declining net energy?

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  • Insider

    Reality Shock

    THIS is the data you need to see. Not the fake hopium peddled to us.
    by Chris Martenson

    Friday, October 4, 2019, 2:59 PM

    19

    Executive Summary

    • Urgency is needed, as society’s alarm bells aren’t working
    • The most important charts of all
    • Recent learnings on resilience relocation
    • When a culture becomes desperate, it reacts desperately. No one wins.

    If you have not yet read Part 1: Getting Real About Green Energy, available free to all readers, please click here to read it first.

    What seems to be true is that humanity is in the early innings of a great transition.  Losing access to abundant energy will change more things that you or I can appreciate at this time.

    The future is barreling towards us at a furious pace.  And the pace of that change is accelerating.

    It’s time to freak out a bit.  To get serious about protecting ourselves.  To make different decisions and reorganize our priorities.

    If you understand energy and its relationship to the economy the way I do, you’d share my urgency to create community and develop a resilient homestead.  My goal here is to nudge you towards action.

    Here’s what has me so concerned right now. These charts clearly show the… (Enroll now to continue reading)

     

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  • Blog

    Getting Real About Green Energy

    An honest analysis of what it CAN'T promise
    by Chris Martenson

    Friday, October 4, 2019, 2:58 PM

    101

    I’m often asked where I stand on wind, solar and other alternative energy sources.

    My answer is: I love them. But they’re incapable of enabling our society to smoothly slip over to powering itself by other means.

    They’re not going to “save us”.

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  • Insider

    Off The Cuff: Declining Energy Consumption Shows Recession Is At The Doorstep

    Transport fuel volumes & prices are falling fast
    by Adam Taggart

    Tuesday, September 10, 2019, 8:39 AM

    82

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

    • Understanding The Importance Of Crack Spreads
    • Diesel Consumption Is Down 500,000 Barrels/Day Since January
    • The Shale Oil Reckoning Is Approaching
    • Key Slides From Art

    Petroleum expert Art Berman explains how crack spreads (the difference between what refiners pay for crude oil and the price they receive for their refined product) and oil demand volumes are indicating the global economy is slowing markedly. Economies need energy to function. Less energy consumed = lower growth and output.

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  • Blog

    Save The World By First Saving Yourself

    We each have a role to play in how the world recovers from the coming crisis
    by Chris Martenson

    Friday, August 23, 2019, 5:00 PM

    60

    Yes, the world is busy collapsing around us. That’s true.

    But collapse is a process, not an event. It can be ameliorated and even reversed, depending on the actions we decide to take from here.

    And there’s still time left to change our fate.  Not much, mind you. But enough to matter.

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