Palisades Gold Radio, Released on 5/24/26 (Recorded on 5/23/26)

Stijn Schmitz welcomes Art Berman to the show. Art Berman is known as the energy realist and he paints a dire picture of the global energy situation, describing the Strait of Hormuz disruption as an unprecedented crisis with no historical precedent. He likens the world economy to a human losing 20% of its blood supply daily, explaining that while the West hasn’t felt immediate effects due to drawing on oil inventories, these savings will soon run out, and the lag will hit hard.

00:00:00 – Introduction
00:00:49 – Strait of Hormuz Disruption Significance
00:03:59 – Inventory Drawdown Effects
00:11:01 – Missing Barrel Estimates
00:16:44 – Best Case Recovery Scenario
00:27:37 – Base Case Permanent Blockade
00:28:39 – United States Energy Impact
00:32:33 – Crude Oil Quality Differences
00:45:12 – Long Term Geopolitical Outlook
01:05:40 – Storage Inventory Limits
01:25:29 – Concluding Thoughts

Arthur Berman is a petroleum geologist with 40 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.  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, energy crisis, global economy, iran war, oil, oil shock