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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

  • Natural Gas Prices To Crash Unless Rig Count Falls Fast

    Published 21 March 2015 | viewed 39,548 times

    Spending cuts for oil-directed drilling have dominated first quarter 2015 energy news but rig counts for shale gas drilling are too high. Investors should pay…

  • Lifting The U.S. Oil Export Ban Is No Solution To Low Oil Prices

    Published 18 March 2015 | viewed 16,295 times

    Tight oil producers are hoping for an end to the U.S. oil export ban. They hired IHS to write the second report on this topic…

  • Misleading IEA Statement Sends Oil Prices Crashing

    Published 16 March 2015 | viewed 18,448 times

    The IEA (International Energy Agency) made the following statement in its Oil Monthly Report on Friday that supposedly sent oil prices lower by $2.41 per…

  • Data Suggests An Oil Price Recovery Could Be Sooner Rather Than Later

    Published 13 March 2015 | viewed 31,205 times

    World oil demand increased by 1.1 million barrels per day in February. This is a potentially important data point that suggests a crude oil price…

  • ExxonMobil CEO Wrong About “Resilience” Of Tight Oil Production

    Published 11 March 2015 | viewed 14,366 times

    ExxonMobil CEO Rex Tillerson is wrong about the resilience of U.S. tight oil production. Last week, The Wall Street Journal reported: “…Mr. Tillerson pointed out…

  • Deciphering The Latest Rig Count Data

    Published 09 March 2015 | viewed 10,050 times

    The main take-away from this week’s rig count is that everything is on track for lower U.S. oil production by mid-year. The weekly changes vary…

  • How Debt Has Caught Up With U.S. Shale

    Published 09 March 2015 | viewed 23,487 times

    Whiting Petroleum is the latest victim of the flawed U.S. shale play business model. The shale and tight oil play model is based on large-scale…

  • Don’t Read Too Much Into The Rig Count

    Published 02 March 2015 | viewed 15,892 times

    Oil prices don’t change based on weekly rig count reports. Yet every week, there are proclamations by analysts that oil prices are poised to recover…

  • OPEC Production Cut May Not Be Needed After All

    Published 18 February 2015 | viewed 25,321 times

    U.S. tight oil production may fall 600,000 barrels per day by June 2015 based on reasonable projections of current rig counts. I compared the decrease…

  • Why We Won’t See An Oil Price Rebound Yet

    Published 11 February 2015 | viewed 26,037 times

    The front page of The Wall Street Journal on Tuesday, February 10 proclaimed “Oil-Price Rebound Predicted” according to the IEA (International Energy Agency). Not true.…

  • Inefficiencies Abound In U.S. Shale

    Published 09 February 2015 | viewed 18,084 times

    Recent well performance in the Eagle Ford Shale play has declined among key operators. This is due in part to especially poor well performance by…

  • U.S. Shale Boom May Come To Abrupt End

    Published 26 January 2015 | viewed 46,020 times

    U.S tight oil production from shale plays will fall more quickly than most assume. Why? High decline rates from shale reservoirs is given. The more…

  • When Will Oil Markets Find A Bottom?

    Published 21 January 2015 | viewed 22,137 times

    Remember the Sesame Street song? One of these things is not like the others,One of these things just doesn't belong,Can you tell which thing is…

  • Crushing The U.S. Energy Export Dream

    Published 19 January 2015 | viewed 28,986 times

    Exporting crude oil and natural gas from the United States are among the dumbest energy ideas of all time.  Exporting gas is dumb. Exporting oil…

  • The Simple Reason For The Oil Price Drop

    Published 12 January 2015 | viewed 50,003 times

    Don't worry. It's not complicated.  I offer a simple explanation for the recent fall in oil prices in just two charts. Oil prices move up…

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