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Arthur Berman

Art Berman

Contributor since: 12 Jan 2015

Arthur 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. During the past year, he made more than 25 keynote addresses for energy conferences, boards of directors and professional societies. Berman has published more than 100 articles on oil and gas plays and trends. He has been interviewed about oil and gas topics on CBS, CNBC, CNN, CBC, Platt’s Energy Week, BNN, Bloomberg, Platt’s, The Financial Times, The Wall Street Journal, Rolling Stone and The New York Times. Berman is an associate editor of the American Association of Petroleum Geologists Bulletin, and was a managing editor and frequent contributor to theoildrum.com. He is a Director of the Association for the Study of Peak Oil, and has served on the boards of directors of The Houston Geological Society and The Society of Independent Professional Earth Scientists. He worked 20 years for Amoco (now BP) and 16 years as consulting geologist. He has an M.S. (Geology) from the Colorado School of Mines and a B.A. (History) from Amherst College.

Latest articles from Arthur

  • Is Saudi Arabia To Blame For The Looming Economic Recession?

    Published 17 March 2020 | viewed 66,823 times

    Saudi Arabia has repeated the blunder it made in November 2014 by increasing oil production during an oil-price collapse. In 2014, it led to a…

  • Here’s Why Oil Prices Should Go Higher

    Published 03 March 2020 | viewed 54,274 times

    On February 11, I predicted that Coronavirus would crush oil prices. Prices collapsed on February 20. Today, prices have reversed and WTI price is $2.00 higher on…

  • How Long Will The Oil Price Fear Premium Last?

    Published 07 January 2020 | viewed 26,730 times

    The oil price rally got a big boost last week with the assassination of the Iranian General Qassem Soleimani. Will that be enough for prices…

  • Why This Oil Price Rally Won’t Last

    Published 24 December 2019 | viewed 42,667 times

    Every price rally of 2019 has ended in tears. The latest will probably end similarly. It is based on hope that ending the U.S. –…

  • A New Trend In Natural Gas: Just-In-Time Supply

    Published 24 March 2019 | viewed 31,675 times

    U.S. natural gas prices reached the highest maximum level in 4 years this winter. That’s because of a new “just-in-time” gas supply paradigm that relies…

  • Oil Is Set To Rise, But The Rally May Not Last

    Published 21 March 2019 | viewed 29,030 times

    The United States is no longer over-supplied with oil. That sounds like good news. The bad news is that it may signal lower oil prices…

  • One Last Warning For The U.S. Shale Patch

    Published 20 March 2019 | viewed 33,306 times

    Oil price lost 44% of its value late last year. That price collapse was a signal to tight oil companies to stop over-producing. The message…

  • Why Oil Prices Could Still Go Lower

    Published 28 October 2018 | viewed 50,131 times

    Crude markets had a panic attack in August and September that sent prices soaring. Sanity is now returning. Prices have fallen but are likely to…

  • Are Natural Gas Prices Set To Spike?

    Published 15 October 2018 | viewed 29,225 times

    Natural gas storage is at record low levels but prices are falling going into winter heating season. Markets seem to be betting that wellhead supply…

  • Ignore The Hype – Oil Prices Aren’t Going Back To $100

    Published 30 September 2018 | viewed 66,898 times

    The breakout in Brent crude prices above $80 this week has prompted analysts at the sell side banks to start talking about a return to $100…

  • Shale Won’t Trigger The Next Financial Crisis

    Published 05 September 2018 | viewed 16,313 times

    Many think that debt and negative cash flow by U.S. shale companies will crash the global financial system. I believe the opposite is more likely,…

  • Is $65 The Ceiling For WTI?

    Published 26 February 2018 | viewed 27,761 times

    The oil price rally that began a year ago is at a crossroad. In February, WTI futures fell from a 3-year high of more than…

  • Can WTI Hit $70 In 2018?

    Published 06 November 2017 | viewed 52,387 times

    Comparative inventory (C.I.) has been dramatically reduced in 2017. Levels have fallen 159 mmb since February and are now approaching the 5-year average for the…

  • Oil Prices Poised To Rise In Early 2018

    Published 11 October 2017 | viewed 35,584 times

    Oil prices will be lower for longer—that is the conventional wisdom. Data suggests, however, that oil supplies are tightening and that higher prices are likely in…

  • Can WTI Break Out Of The High $40s?

    Published 10 September 2017 | viewed 23,161 times

    The most likely case is that WTI will remain stuck in the upper $40 to lower $50 range through December 2017. Comparative inventories have fallen…

  • Are Strong U.S. Crude Inventory Draws Sustainable?

    Published 07 August 2017 | viewed 30,011 times

    The decline in U.S. comparative inventories since February is the most significant oil market development since prices collapsed three years ago. It means that U.S.…

  • Permian Oil Reserves Are Grossly Exaggerated

    Published 19 July 2017 | viewed 59,862 times

    We are entering a new age of American energy dominance according to Energy Secretary Rick Perry. President Trump reflected that view in comments he made last week that…

  • The Shale Gas Revolution Is A Media Myth

    Published 05 July 2017 | viewed 50,918 times

    Shale gas is not a revolution. It’s just another play with a somewhat higher cost structure but larger resource base than conventional gas. The marginal…

  • What’s Wrong With The U.S. Oil Export Boom

    Published 19 June 2017 | viewed 32,445 times

    The lead editorial in Friday’s Wall Street Journal was pure energy nonsense.’ “Lessons of the Energy Export Boom” proclaimed that the United States is becoming…

  • Are Oil Prices $7 Too High?

    Published 29 May 2017 | viewed 18,935 times

    OPEC extended oil production cuts last week and oil prices plunged. OPEC’s goal was to keep a floor under current prices but the market expected…

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