The Bottom Line Is That Oil Ain't What It Used to Be

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Oil ain't what it used to be. We don't get as much energy out of oil today as we did a few decades ago back when, you know, I was still 20 years into my career in the mid 90s. And so with those big impressive numbers that people use all the time to say, Oh, peak oil, that was just a bunch of alarmists. You know, those guys didn't know what they were talking about. They're clearly wrong.

On this episode, petroleum geologist Arthur Berman returns to unpack the development and drawbacks of ‘peak oil’. Art explains how our institutions have redefined what is considered oil, which has created an illusion of constantly growing oil production. The reality is that - circa 2023 - fully 40% of what is called oil is comprised of things that are ‘not oil’. What does this imply for global peak oil? Is peak oil, an observation which has been around for decades and repeatedly proven ‘wrong’, even relevant today? Is a specific ‘peak’ date even helpful or should we be focusing on the logical implications of a declining primary resource for global economies? And then, what should we do

About Art Berman:

Arthur E. Berman is a petroleum geologist with 36 years of oil and gas industry experience. He is an expert on U.S. shale plays and is currently consulting for several E&P companies and capital groups in the energy sector.

For Show Notes and More visit https://www.thegreatsimplification.com/episode/54-arthur-berman

To watch this video episode on Youtube → https://youtu.be/CDBJdQnjE2o