Wealthion, Released on 6/15/22

Rising oil prices have sent the average price of US gasoline above $5 for the first time in history. Are they going even higher from here? While anything is possible in the immediate term, oil expert Art Berman predicts prices will moderate downwards over the rest of 2022. Part of this should happen organically: high oil prices tend to be their own cure, as they eventually depress demand. However, all the big actors on the world stage are also doing everything they can to bring prices down. The Fed is trying to slow economic activity. Governments are scrambling to unlock new supply. Trade routes are being redrawn. For a highly data-driven & chart-rich argument for lower oil prices ahead, watch today’s interview with petroleum geologist Art Berman.

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.

Adam Taggart is the Founder of Wealthion. He is also Co-Founder and former President of Peak Prosperity. Adam is an experienced Silicon Valley internet executive and Stanford MBA. Prior to partnering with Chris Martenson (Adam was General Manager of our earlier site, ChrisMartenson.com), he was a Vice President at Yahoo!, a company he served for nine years. Before that, he did the ‘startup thing’ (mySimon.com, sold to CNET in 2001). As a fresh-faced graduate from Brown University in the early 1990s, Adam got a first-hand look at all that was broken with Wall Street as an investment banking analyst for Merrill Lynch. Most importantly, he’s a devoted husband and dad.

  art berman, energy crisis, inflation, oil, russia, Ukraine