 |
Louisiana Light • 2 days | 86.68 | -2.47 | -2.77% | ||
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Bonny Light • 1 day | 88.73 | -1.64 | -1.81% | ||
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Opec Basket • 2 days | 89.64 | -0.54 | -0.60% | ||
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Mars US • 168 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 10 mins | 2.698 | -0.016 | -0.58% |
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Bonny Light • 1 day | 88.73 | -1.64 | -1.81% | ||
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Girassol • 1 day | 89.30 | -1.63 | -1.79% | ||
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Opec Basket • 2 days | 89.64 | -0.54 | -0.60% |
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Peace Sour • 1 min | 75.30 | -0.05 | -0.07% | ||
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Light Sour Blend • 1 min | 78.35 | -0.05 | -0.06% | ||
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Syncrude Sweet Premium • 1 min | 85.30 | -0.05 | -0.06% | ||
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Central Alberta • 1 min | 75.70 | -0.05 | -0.07% |
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Eagle Ford • 2 days | 79.17 | -2.67 | -3.26% | ||
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Oklahoma Sweet • 2 days | 79.25 | -2.50 | -3.06% | ||
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Kansas Common • 2 days | 73.00 | -2.50 | -3.31% | ||
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Buena Vista • 2 days | 86.86 | -2.40 | -2.69% |
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
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The Shale Delusion: Why The Party’s Over For U.S. Tight Oil
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…
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The Biggest Red Herring In U.S. Shale
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…
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Is This The Best Play In U.S. Oil?
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…
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IEA: At Least Another Year Before Oil Markets Rebalance
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…
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Some Light At The End Of The Tunnel For Oil?
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…
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When Will Oil Prices Turn Around?
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…
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A Reality Check For U.S. Natural Gas Ambitions
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…
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Has The E&P Industry Lost Touch With Reality?
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…
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Why We Should Get Used To Low Oil Prices
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…
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OPEC Still Holds All The Cards In Oil Price Game
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…
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Current Oil Price Slump Far From Over
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…
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Oil Prices Responding Positively To Bad News, But Why?
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…
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OPEC Set To Play The Waiting Game
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…
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Expect The Recent Oil Rally To End Badly If OPEC Doesn’t Cut
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…
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Oil Markets Can’t Ignore The Fundamentals Forever
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…
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Oil Prices Will Fall: A Lesson In Gravity
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…
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We Are Witnessing A Fundamental Change In The Oil Sector
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…
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Big Hit For U.S. Oil Production In January
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…
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Who Is Saudi Arabia Really Targeting In Its Price War?
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…
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Why The Oil Price Collapse Is U.S. Shale’s Fault
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…
