Arthur Berman: "Peak Oil - The Hedonic Adjustment"
The Great Simplification with Nate Hagens
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What Is Peacoil and Why Is It Important?
Art Berman is a geologist who has been in the oil business for over 40 years. He says that since the 80s, the industry became incredibly risk averse. That ultimately led to the shale plays, which were viewed as a no risk proposition. But these are incredibly complex reservoirs to drill and produce,. And number two, once you're done with the shale Plays, you haven't been exploring for 25 or 30 years.
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