Art Berman: Labor Day Weekend Oil Special

Erik Townsend and Aaron Chan welcome Art Berman to MacroVoices. Erik and Art discuss: Looking beyond absolute inventory numbers and gleaning insights from comparative inventories

Recent anomalous comparative builds relative to historic trends

Continued time-spread compression reflecting producer hedging or lack of concern for a storage crisis

The selective capital raising environment for producers

Oil market balance and Saudi Arabia's fundamentally ineffectual 'production freeze'

Stabilizing US production and evaporation of upside price catalysts

Feedback loop of insanity in inventory builds and production

Claims of sub-$40 producers in the Permian basin

Concerns over consumption growth not aligning with change in prices

Timing for a moonshot in oil prices following a period of supply destruction and investment deficits Get embed code for this episode. | For other embed code options click here. | audio Download the MP3 File ( 35.49 MB ) . Click to Play Now!



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.