Arthur Berman: "Peak Oil - The Hedonic Adjustment"
The Great Simplification with Nate Hagens
00:00
Is It a Byproduct of Drilling for Natural Gas?
30% of what all the energy hedge fund managers and everyone looking at how much oil we're producing, 30% of that is natural gas liquids. So it went because the oil production dropped and the NGL production didn't. Where do we get NGLs from? Is that a byproduct of drilling for natural gas? It is natural gas. In the ground, buried at great depth and temperature and pressure, it's all a liquid. And when it comes to the surface and you reduce the pressure, then some of it drops out as a liquid.
Transcript
Play full episode
