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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

  • The Shale Delusion: Why The Party’s Over For U.S. Tight Oil

    Published 14 September 2015 | viewed 43,013 times

    The party is over for tight oil. Despite brash statements by U.S. producers and misleading analysis by Raymond James, low oil prices are killing tight…

  • The Biggest Red Herring In U.S. Shale

    Published 07 September 2015 | viewed 35,581 times

    Rig productivity and drilling efficiency are red herrings. A red herring is something that takes attention away from a more important subject. Rig productivity and…

  • Is This The Best Play In U.S. Oil?

    Published 18 August 2015 | viewed 20,709 times

    E&P companies have added 30 horizontal rigs in the Permian basin since the end of June. Most analysts didn’t notice (Figure1).Figure 1. Tight oil horizontal…

  • IEA: At Least Another Year Before Oil Markets Rebalance

    Published 12 August 2015 | viewed 8,146 times

    World liquids demand will be huge in 2015 because of low oil prices. That’s the good news. The bad news is that the demand surge…

  • Some Light At The End Of The Tunnel For Oil?

    Published 11 August 2015 | viewed 11,419 times

    The EIA Short Term Energy Outlook (STEO) published today reports that world oil supply decreased 130,000 bpd and demand increased 380,000 bpd in July compared…

  • When Will Oil Prices Turn Around?

    Published 10 August 2015 | viewed 40,435 times

    Look for some good news about oil prices this week…maybe. EIA releases its Short-Term Energy Outlook (STEO) on Tuesday (August 11) and IEA publishes its…

  • A Reality Check For U.S. Natural Gas Ambitions

    Published 31 July 2015 | viewed 22,315 times

    Something unusual happened while we were focused on the global oil-price collapse–the increase in U.S. shale gas production stalled (Figure 1).Figure 1. U.S. shale gas…

  • Has The E&P Industry Lost Touch With Reality?

    Published 27 July 2015 | viewed 16,005 times

    The U.S. rig count increased by 19 this week as oil prices dropped below $48 per barrel–the latest sign that the E&P industry is out…

  • Why We Should Get Used To Low Oil Prices

    Published 11 July 2015 | viewed 21,105 times

    The news from the IEA is not good. “World oil demand growth appears to have peaked in 1Q15 at 1.8 mb/d and will continue to…

  • OPEC Still Holds All The Cards In Oil Price Game

    Published 08 July 2015 | viewed 20,458 times

    Traders were busy throwing in the towel on oil futures this week just as the first solid data and hope appeared that oil prices may…

  • Current Oil Price Slump Far From Over

    Published 29 June 2015 | viewed 53,872 times

    The oil price collapse of 2014-2015 began one year ago this month (Figure 1). The world crossed a boundary in which prices are not only…

  • Oil Prices Responding Positively To Bad News, But Why?

    Published 12 June 2015 | viewed 21,987 times

    Lately, oil prices have gone up when they should have gone down. Last week, OPEC decided not to cut production and the two major energy…

  • OPEC Set To Play The Waiting Game

    Published 06 June 2015 | viewed 20,961 times

    Following OPEC’s decision not to cut production at its June 5, 2015 meeting in Vienna, oil prices should likely continue their descent that began in…

  • Expect The Recent Oil Rally To End Badly If OPEC Doesn’t Cut

    Published 01 June 2015 | viewed 20,317 times

    The U.S. rig count dropped by 10 rigs this week after only falling by 3 last week. No doubt some analysts will say that this…

  • Oil Markets Can’t Ignore The Fundamentals Forever

    Published 25 May 2015 | viewed 29,777 times

    Storage withdrawals and falling rig count have been the main sources of hope that U.S. tight oil production will fall and that oil prices will…

  • Oil Prices Will Fall: A Lesson In Gravity

    Published 18 May 2015 | viewed 25,472 times

    The oil price collapse is not over yet. It is more likely that the Brent price could fall back into the mid-$50 range than that…

  • We Are Witnessing A Fundamental Change In The Oil Sector

    Published 29 April 2015 | viewed 36,122 times

    The U.S. oil production decline has begun.It is not because of decreased rig count. It is because cash flow at current oil prices is too…

  • Big Hit For U.S. Oil Production In January

    Published 23 April 2015 | viewed 23,109 times

    U.S. crude oil production fell at least 135,000 barrels of oil per day in January 2015 compared to December 2014 according to the EIA (Figure…

  • Who Is Saudi Arabia Really Targeting In Its Price War?

    Published 20 April 2015 | viewed 35,406 times

    Saudi Arabia is not trying to crush U.S. shale plays. Its oil-price war is with the investment banks and the stupid money they directed to…

  • Why The Oil Price Collapse Is U.S. Shale’s Fault

    Published 06 April 2015 | viewed 52,503 times

    The present oil price collapse is because of over-production of expensive tight oil. The collapse occurred because of the inability of the world market to…

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