Peak Prosperity, Released on 1/16/19
Estimates of recoverable oil are proving wildly wrong.
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:
– The US, is the new Saudi Arabia
– It’s the swing producer when it comes to influencing the price of oil
– The US will be able to increase oil production for decades to come
– New technology is unlocking more oil shale supply all the time
But what if there’s evidence that runs counter to all of that?
Full description and comments at: https://www.peakprosperity.com/podcas…
Christopher Martenson is a former American biochemical scientist. Currently he is a writer and trend forecaster interested in macro trends regarding the economy, energy composition and environment. He is the founder of PeakProsperity.com. As one of the early econobloggers who forecasted the housing market collapse and stock market correction years in advance, Chris rose to prominence with the launch of his seminal video seminar which later became a book called The Crash Course. Chris’ latest book (co-authored with Adam Taggart) is called Prosper!: How to Prepare for the Future and Create a World Worth Inheriting.