The Price of Oil Is Going Up

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As long as oil is available, it will be utilized because of that fact. We could stand that to be a lot more expensive in terms of dollars or another currency. At a thousand dollars a barrel, it's a frickin' bargain. So I expect the price of oil will go up. And when the price ofOil goes up, then it means that even some of this very marginally economic energy return on energy investment still, it's still a positive return.

On this episode, geologist and entrepreneur Gareth Roberts joins Nate on the podcast to discuss the geological science behind how we find, extract, and deplete fossil hydrocarbons. Gareth and Nate also unpack how financial policy, government, and an energy transition interact with an aging hydrocarbon-based grid. What does all of this mean for our energy future? How can we use humor to process and make sense of these societal challenges? How do scientists, communicators, and planners come together to respond to such challenges?

About Gareth Roberts:

Gareth is an entrepreneur and successful founder and leader of a large public oil and gas company. He was born in the UK and studied geology at Oxford University before going on to work for Texaco and Murphy Oil in the US and UK. In the 1980s he became independent and subsequently founded Denbury Resources (NYSE: DNR), which grew into a $10 billion company under his leadership. Gareth stepped down from Denbury 10 years ago and has since been involved in the creation of various businesses, including ones involved in carbon sequestration and helium exploration.

For Show Notes and More visit: https://www.thegreatsimplification.com/episode/61-gareth-roberts

To watch this video episode on Youtube → https://youtu.be/MNtmuFpdNlc