Macro Voices, Released on 4/22/21

MacroVoices Erik Townsend and Patrick Ceresna welcome Art Berman to the show. Art nailed the call for $65 crude oil when we had him on in early January, but now he says the big move higher in price is probably mostly over, and he doesn’t see any reason to expect crude oil prices to rally much higher than $70. And that’s despite the fact that Art still predicts a significant decline in U.S. production later this year. They discuss this and so much more. Then be sure to stay tuned for our postgame segment, when Patrick’s chart deck will keep the energy theme going with an examination of energy equities.

Download Art’s Charts: https://bit.ly/3dJHJ7c​

Arthur Berman is a petroleum geologist with 37 years of oil and gas industry experience. He is an expert on U.S. shale plays and currently consults for several E&P companies and capital groups in the energy sector. Art has published more than 100 articles on oil and gas plays and trends and been interviewed by CBS, CNBC, CNN, CBC, BNN, Bloomberg, Platt’s, Financial Times, Wall Street Journal, Rolling Stone and New York Times. He is also an associate editor of the AAPG Bulletin and was a managing editor and frequent contributor to theoildrum.com. Art worked 20 years for Amoco (now BP) and 17 years as consulting geologist. He has an M.S. (Geology) from the Colorado School of Mines and a B.A. (History) from Amherst College.

  art berman, oil