MacroVoices #253 Art Berman: U.S. Oil Production Still Set for Steep Decline in 2022
Ver Vídeo: MacroVoices #253 Art Berman: U.S. Oil Production Still Set for Steep Decline in 2022
MacroVoices Erik Townsend and Patrick Ceresna welcome Art Berman to the show to discuss the coming domestic production decline which Art still predicts, when it will happen, as well as this week’s OPEC+ meeting, and much more.
00:00:38 Market Wrap
00:18:45 Feature Interview with Art Berman
01:17:00 Postgame – Can 2022 Get Crazier Than 2022?
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Arthur E. Berman is a geological consultant with thirty-seven years of experience in petroleum exploration and production. He currently is consulting for several E&P companies and capital groups in the energy sector. He frequently gives keynote addresses for investment conferences, boards of directors and professional societies. He is often interviewed about energy topics on television, radio, and national print and web publications including CNBC, CNN, CBC, BNN, OilPrice.com, Bloomberg, Platt’s, Financial Times, and New York Times. He is a Director of ASPO-USA (Association for the Study of Peak Oil & Gas USA). He was a Managing Director and frequent contributor at The Oil Drum, and is an associate editor of the AAPG (American Association of Petroleum Geologists) Bulletin. He was past Editor of the Houston Geological Society Bulletin (2004-2005) and past Vice-President of the Society (2008-2009). He has published more than 100 articles on geology, technology, and the petroleum industry during the past 5 years.
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Pre-pandemic the world was using 101 million barrels of oil a day. Current usage levels are 92 mb/d. Spare capacity is approximately 10 million barrels. Which means the global economy can't grow without a surplus and might struggle to fulfill existing demand if new wells aren't drilled to offset well declines elsewhere.
there is no such thing as fossil fuels..
Any smart exposition to oil i should keep an eye on?
You answered the question of where do you see the stock market going in 2022 with. It could go down significantly or it could go up with the amount of printing. You absolutely dodged the question like a true politician. It could do this or it could do that if this happens. So my take away from your answer is you don't have any idea like the rest of us. Typical talk show. No difference between you and the other 2-3 hundred shows we have the choice to listen to. Try some something else your show is mediocre at best.
I am planning to buy some stock but I don’t know which is best for long term I am not used to stock investment, please help me or send me the best stock to buy for🙏 future at Least 1/2 yrs
Incredible interview, awesome !
omfg the slides are included. Greatness
Nice video. Why don't you interview Steve Van Meter
He's right about the market going up but that will be the last quarter for now its a false start. America and Europe were a lot worse shape than they realize
There is a fundamental upward move in the dollar and that's the euro dollar eventually deaths are going to have to be paid
We don't have to worry about growing the economy it's in the shtter and will be there for a while.
What is this guy talking about. They can pull the stacks apart. It sounds like you didn't know anything about the industry. He says you can't find good Crews? 30 to 40% of the crews are probably laid off. Permits these guys just had permits a few months ago they can just pay the late fee if there is one. Based on those comments I can't trust him for anything.
Why do you have this deceitful idiot on? He has no clue. Prob payd by Goldman Sachs. Tip: Do exacly, exacly like he sais but opposite. When he sais buy, you sell very fast. When he sais sell, you buy very very fast. This rant is only for the forecasting. He has great knowledge of drilling and developing, but just a lousy forecaster.
Why do you two guys keep talking ? Shut up and let Art talk
Great webinar, thanks a lot
Because of the low oil price oil companies are investing in renewable energy as it offers greater profits than oil currently does.
The discovery of oil peaked in 1964.
Why is this old fact important?
A. Mankind cannot pump undiscovered oil.
Rystad Energy has reported that the discovery of oil has declined to 9 billion barrels PA. Mankind consumes 36 billion barrels PA so 9 billion is 27 billion short of what's needed to maintain Mankind's high energy lifestyle.
I love Macrovoices
Could it be that the Saudi's are betting on Biden Administration making US Shale oil exploitation a whole lot more difficult and even more expensive?
very informative stuff, thanks. Especially on the Oil out look
Pandemic??? Coronavirus isn't s..h..i..t.
Erik says stupid young people are responsible for Bitcoin rally. Erik knows better, he is a grown up, he has written a book.
what an absolutely fantastic breakdown of the US oil situation
Yea investing in oil is not good. But investing in Chi na that run s deat champ is good business. Makes me sick the green scam movement
Look at van metre latest macro show. Bonds showing the end of the run. Yields got to to down. Bonds prices will sky rocket.
at sixteen gas was $0.36
1:08:44 future price estimation.
Great episode!
Another point, Bitcoin is NOT a currency, why does Erik still call it a currency?
Erik is clueless and I bet he makes little or no money from investing or trading. If I'm wrong, please post his track record for the last 5 years here.
Bitcoin is the new, controlled instrument (financial pyramid) to control the gold price. It was originally created to pay off the terrorists and colour revolutioners, but is now used for gold and oil price manipulation depending on the money market share the Bitcoin propaganda helps to win.
anybody know if this guy is any good? accurate?