Art Berman: The Perfect Energy Storm -World Oil Production Decline

BULLSHIT LIARS! , read Jerome Corsi, THE GREAT OIL CONSPIRACY

World governments would rather play last man standing than release free energy tech. Strap in, it's gonna be a fun ride.

Seems to me that the average standard of living in the 60's or 70's was higher than today so how would that work given a shrinking oil supply?

There are so many uncertainties that it is impossible to forecast the oil availability. For example there are some poorly exploited oil field as the huge one in Venezuela, you have also Mexico which see its oil exploitation decrease not because there is less oil but simply because the Mexican oil company is lazy and unexperienced. You have the oil field in Guyana that will soon be exploited which will bring a lot of oil on the market. And Russia, if they can stop their silly war they can easily add a huge quantity of oil and gas on the market. There are many other examples like that around the world.
So what worries me, for the next decades, is not the lack of oil reserve is more the variability and the uncertainty of the oil production which will necessarily have a huge impact of the oil price. However oil production is doomed to reduce because the oil reserves on earth are limited but it is impossible to predict when it will happen. Besides it may happen in the same time of the start of the world population decline around 2070-80, which would make the oil decline not a problem anymore, who knows. However if the oil availability is not reducing rapidly humanity will more rapidly face many more environmental problems which could be catastrophic for the humanity. No matter what happens, humanity is facing a real and enormous survivability situation if we do not voluntary reduce our consumption under the recycling and regenerative capacity of Earth. And I am not optimistic about the capacity of humanity to limit itself.

Wow, what a great interview. It was so interesting and I learned some valuable stuff. Thanks so much.

Wind and Solar Green energy is on a projection ro outrun our mineable critical metals/minerals resources we are need of 4X the amount that actual exists on earth.

Peak oil and gas has been forecast for decades, and the oil producers keep finding more. Why, because there is lots more there. When the price is high enough, they keep finding ways to produce more in order to make more money.

Developing cultures will be our doom. Their greatest claim to world development is chufu rice, but they want that Xbox for the kids. Divert all oil to America, Europe, and Japan -- then let them develop a mass generation renewable energy source. Once that happens, we can raise up the rest of the world (those still alive).

It's a basic fact of life that we so often overlook: if we fail to impose limits on ourselves sooner or later they will be imposed upon us by nature.

Industry also needs oil for lubrication. Solar can provide energy but factories and vehicles will literally screech to a halt without grease.

Thank you

The known reserves of fossil fuels continue to increase eventhough the demand has expanded dramatically. In 1980 there were 30 years of oil left (so it ran out in 2010!). In 2020 there were 57 years of oil left. The Earth is awash with hydrocarbons, as the fracking revolution has demonstrated in the US. To put it another way, the Stone Age didn't end because we ran out of stones, and the Oil Age won't end because we ran out of oil.

supposed to reach 109,000 flights per day in 2024

Johan!! Great job on the podcast. Art is an impressive guest

The idea of reverting to the standards of living of the 50's is quite reasonable, in principle. However, the sociodemographic makeup of the actual US population is substantially different, if not totally incompatible, with the demographics of the past. The quality of the current demographics, driven by welfare, dismal immigration, reverse discrimination, and quota mentality, make it impossible to replicate the transaction cost of the past, now that decent people have to cage themselves to avoid all the calamities lurking in the surroundings.

The 1960's had a stable climate perfect for large scale agriculture, 3 billion people, tons of fertile lands and healthy ecosystems, thriving animal and insect populations.
It also wasn't facing the collapse of the AMOC, the death of all coral reefs and kelp forests, the disappearance of most aquifers and the mountain glaciers much of our drinkable water sources depend on. Temperatures were also not starting to soar at levels plants and animals are already reaching their limits of tolerance in certain areas (and we are a decade away from feeling the full effect of even 1.5.... while currently shooting for 3+!!!). There was also MUCH more livable/usable land than there will be once the oceans rise a meter and certain areas become too hot even for desert animals. We are NOT "going back to living like in the 1960's".

According to several top climate scientists? We don't have several decades to cut back on fossil fuels by 20%. We don't have the luxury of waiting for those companies to choose to change out of the kindness of their hearts. Are they evil? Yes. 100%. They knew the science before (and better) than anyone else... and yet spent the past 40+ years funding climate denial projects, derailing attempts at divesting from fossil fuels, bribing politicians to get rid of ecological protections, and bribing politicians to implement tons of projects that would cement our societies dependence on their product. Are we fully dependent on fossil fuels? Yes. Can we stop ALL fossil fuels? No. Does this mean we just shrug and pray that these companies won't drive us all off a cliff? That is complete (un@living) madness.

US should stop ALL exports.

thank you for the great conversation, Love from Iranian living in New Zealand, that is a big issue for oil rich area in our planet when the supply is declined, what all humanity can do 🎉 ❤

Art Berman is a great guest.
I always want to hear from him.
Thanks Johan

Natural gas can be used in vehicles. In Pakistan for example, many of th vehicles are dual fuel, they use CNG (compressed natural gas) and petrol

Yay Art Berman!! Just subscibed.

Hubbert proposed peak oil in 1956. Perhaps now 68 years later the chicken will finally come home to roost. If we are lucky all these oil companies will begin to build nuclear reactors using Thorium. We have thousands of years of Thorium. Alas, I doubt if they are that forward thinking.

The Great Waves of Change website has predicted this. I recommend everyone read it to prepare.

Love the graphs & the insight. I truly appreciate your information

Most are in denial - and denial is what allows them to maintain their "buy, buy, buy" mentality. I've watched this previously. Will it be ignored this time, too. Thank you Johanne. Is Sweden still pushing ESG for their survival into the future?

I heard that the world population will start to decline due to birth rate decline.

Interesting insights on the oil/energy situation.

You can derive plastic from peanuts and soy beans 😂

Vote Libertarian 💯 n00bs 🔥🔥🔥

Biden did a lot to make oil production decline!

The price of oil and gas is going to rocket because of one very obvious fact and that is oil and gas production will drop 90% in the coming decades.
Renewables account for only 5% of todays global energy production.
Russia will have all the oil and gas left on the planet soon.

Another good way is to conserve the oil via efficiency improvement. The oil is most useful in transportation consumed via ICEs (internal combustion engines), especially diesel. There is a new ICE technology call "Diesoline" engines. Which is a diesel-gasoline engine hybrid having the high efficiency of diesel but without the evil soot or NOx emissions like the gasoline engines - or the gasoline engine to have the diesel engines' efficiency. The new technology could save the oil consumption by at least 1/4 up to 1/3. The technology can retrofit billions of current engines, or new engines in production or in design stage. This technology can achieve the 20% to 30% Mr. Berman talked about. Can we talk?

Now, without addressing the population growth - child(1-2) per family policy - we are facing grimm future of conflict and confrontations. Most troubling development would be collapse of societies in lesser developing countries and then whole world, which we see in Haiti.

It's amazing we made it this far with the luxuries of energy. Unfortunately energy always has a beginning and end. The mass has no clue whats coming.

Peak oil...again! This well worn "crisis" has been popping up regularly since the early 70s. In fact I remember a headline from around that time: Oil Gone by 1990! This kind of marketing is how we are conditioned to accept the continued price and tax increases that benefit the oil companies and governments.

Just think about all the asepticly packaged goods you need 4 medicines and normal hospital operations...unimaginable without plastics.
You can pyrolyse them and get basically natural gas back.
But that costs energy...

this is actually good news on the whole. the oil prices will go up naturally forcing the shift to electrified transports even faster.

Mankind will cease using oil when it becomes unaffordable
Then it will become ESSENTIAL SERVICES ONLY

Read the Bible.

The absolute blistering idiocy of this conversation is shocking when this guy is a so-called expert. It will be obvious in several years that Berman is 💯 wrong and standards of living - esp. in developing countries - will continue to progress and more energy demand AND production will be happening.

Keep extracting oil and gas but stop burning the stuff. Make important materials. It's too valuable.

As fossil fuel reserve decline, it means the price will go up, which will make alternative fuel more competitive. When oil and gas gets too expensive, we will finally turn to nuclear which is more sustainable.

Art has always been a very clear communicator 👍..great charts..excellent info.!! 🎯

I read in Daniel Yergin's "The Quest" that there is still approximately 8 trillion barrels of tight oil left and 6 trillion of which is in the Rocky Mountains.

So why is nat gas around 1.50 now

It's not really a survival issue only a sector issue. Lots of energy sources to choose from.

Art, energy companies are not terrible. They are what they are and they are needed. Stop with the rhetoric. Also, don't forget about the Anwar. By some estimates there is as much oil in the Anwar as there was in Saudi Arabia at it's peak. The trick is getting permission to access it and to do it in the most environmentally non traumatic fashion as possible.