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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

  • Why Oil Prices Could Still Go Lower

    Published 28 October 2018 | viewed 43,625 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 20,432 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 56,749 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 13,363 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 22,776 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 48,428 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 32,689 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 21,903 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 21,334 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 46,903 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 43,550 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 28,797 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 17,740 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…

  • Tight Supply Boosts Natural Gas Prices In 2017

    Published 16 May 2017 | viewed 23,757 times

    A year ago, most analysts were bearish about natural gas prices. I wrote that natural gas prices might double and they did. Today, most analysts…

  • Oil Prices Are Where They Should Be

    Published 07 May 2017 | viewed 24,012 times

    WTI oil prices plunged to almost $45 per barrel yesterday (Figure 1). That was a downward adjustment to where prices should be based on supply,…

  • Don't Believe The Hype: Oil Markets Far From Recovery

    Published 19 April 2017 | viewed 35,599 times

    Global oil inventories are falling because of OPEC and non-OPEC production cuts, but the road to market balance will be long. Production cuts have removed…

  • Why Breakeven Prices Are Plunging Across The Oil Industry

    Published 10 April 2017 | viewed 66,281 times

    Shale companies have pushed breakeven oil prices below $40 per barrel—but so have major oil companies. Analysts commonly portray cost reduction as something unique to…

  • Tech Miracle In U.S. Shale Is A Media Myth

    Published 22 March 2017 | viewed 63,115 times

    I am tired of hearing about the unbelievable impact of technology on collapsing U.S. shale production costs. The truth is that these claims are unbelievable.…

  • Is The Oil Price Plunge A Turning Point? 

    Published 09 March 2017 | viewed 58,694 times

    WTI futures fell $2.86 from $53.14 to $50.28 per barrel, and Brent futures dropped $3.81 from $55.92 to $52.11 per barrel. WTI is trading below…

  • Why Investors Should Beware Of The Bakken

    Published 01 March 2017 | viewed 38,917 times

    It’s the beginning of the end for the Bakken Shale play. The decline in Bakken oil production that started in January 2015 is probably not…

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