What Problems Do You Have With Peak Oil?

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Nate Silver: "Peak oil to me always meant an inflection point of the growth and the monetary and currency system" He says King Hubbard, who at least is blamed for the peak oil concept, made a lot of sense 90 years ago. But now we don't have enough energy to continue economic growth," he says.Silver: We got involved with trying to predict the peak without really worrying about any of the underlying causes or reasons that we were even talking about a peak.

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