Friday, December 27, 2019, 1:36 PM
28
This is my last report from the good old “twenty-teens”.
In some respects, they didn’t turn out at all like I thought they would. But in many others, exactly as predicted.
But, given today’s systemic distortions and deformations, predicting the events of the next ten years will be much easier than it was for the twenty-teens. Largely because there’s little room left down the road to kick the can further.
Tuesday, July 30, 2019, 12:01 PM
14
In this week’s Off The Cuff podcast, Chris and James Howard Kunstler discuss:
In this week’s podcast, Chris and Jim tackle a wide range of issues — from shale oil, to Jeffrey Epstein, wokesterdom, the financial bubble, social malaise, and the future of society. One deficit particularly concerning to Jim is our culture’s inability to have coherent discourse.
If we can’t engage in understanding and intelligently debating with one another, how will we ever devise effective solutions to the many challenges we face?
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.
Richard Heinberg
Thursday, July 18, 2019, 9:47 AM
6
In this week’s Off The Cuff podcast, Chris and Art Berman discuss:
Right now, the US is still producing a record amount of oil, due mostly to shale fields developed within the past decade. But that bonanza won’t last — it can’t last — explains petroleum geologist Art Berman. Nearly every shale driller has been and will remain to be unprofitable. The nature of shale wells and the nature of oil service costs will ensure that.
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Friday, July 5, 2019, 4:02 PM
28
Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one. ~ Charles Mackay (1841) Like me, you may often feel gobsmacked when looking at the world around you. How did things get so screwed up?…
Thursday, June 6, 2019, 8:12 AM
10
In this week’s Off The Cuff podcast, Chris discusses:
This week Chris looks at the big picture: the planet’s resources and humanity’s mad dash to consume them. We are depleting millions-year-old treasures — which will never renew in our species’ future — while leaving poison and pollution behind in the effort.
Even if we only prioritize the well-being of those currently alive (screw those pesky future generations!), time is running out on us. Our current trajectory is having increasing negative repercussions, which will only intensify over the coming decades.
The silver lining to this is that we *can* be doing things better. We already have plenty of models for living regernatively. We just need to embrace them. But will we?
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Shutterstock
Tuesday, April 9, 2019, 4:45 PM
6
In this week's Off The Cuff podcast, Chris and Art Berman discuss:
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.
Tuesday, April 2, 2019, 4:39 PM
43
Really big news hit this morning. And today is April 2nd, so we can't dismiss this as an April-fools prank.
I explain it all with context below. But the summary is this: we're well on track for the oil supply shortage(s) and price spike(s) that I’ve been writing about for the past few years. It will all hit sometime between now and 2022 is my latest projected timeframe.
This will be a before-and-after story. Before the coming price spikes, so much seemed possible. After they hit, so much less will be. The transition from Easy to Hard is now fully underwaym and you need to be eyes wide open about the data.
Friday, March 1, 2019, 1:37 PM
6
For years now we've been covering the false promise of the American shale oil “miracle”.
Yes, it has extracted a lot more oil out of American soil that most thought possible. But at an economic loss. And at great environmental cost.
If the shale drilling companies can't make any profit, either when oil prices are high or low — why are we still pursuing shale deposits so aggressively?
Friday, February 1, 2019, 3:24 PM
40
With the bursting of the Everything Bubble, we declared last year as the 'Year Everything Changed'. This will be the 'Year of Instability', possibly preceding an upcoming 'Year Of Woe' in 2020.
But look, we're not saying the world is the process of ending imminently. It's just that we've entered the part of the timeline when things are going to start to get really rocky.
And we think it's much more useful to think of 2019 as the 'Year Resilience Matters'. It shifts the focus away from fear and instead towards the many things you can do to protect yourself and those you care about – and even to position yourself to prosper through the coming challenges.
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:
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.
And what's replaced it sure as heck isn't working well for the bottom 99% of us
8
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