We really, truly need to talk about the future of this family planet more seriously and widely. Please bring him back again!!!! Thank you Wealthion for absolutely doing a great job.
This conversation has changed my understanding of the reality of being human and our energy needs and the truth of what we need to face. Yes please continue this conversation!
As a geological engineer, I think Art provided a very informative view on the current state of affairs. I didn’t like what he had to say, but we need to hear it.
Would love to see Art do a very detailed analysis of our energy future, without any limitations on shades of "darkness" ...if it's dark, then people need to hear it now.
I read a brilliant piece a long time back that said only 3% of earth has been surveyed for oil. By inference, there is no shortage of oil underground. Extraction is the issue but that will eventually be overcome. Profits are a powerful driver.
The limiter is energy expended. If you are expending a barrel's worth of oil to extract a barrel worth of oil, there's no point. The earth's crust has a ton of oil in it, but the vast majority is so "tight" (i.e. expensive to extract) that it's not energetically worthwhile.
I am subscribed and I either missed the notification for this most important discussion or else I did not receive it. This Mr Berman is not only an expert but perhaps it is the first time that I understood each and every phrase and concept. Although I am not sure that I always agree. Moreover, energy, whether fossil or green, happens to be my specialization and so it is understandable that I have been jotting down notes throughout the whole video. And I shall be watching this again and again. Hence, thank you so much.
My Dad (Ozdemir Erginsav) was Le Corbusiers draftsman for the Carpenter building in Cambridge Mass) - he was a student getting his Masters in City Planning that Corbu was teaching at Harvard. He used to have me and my sister stay over the weekend when my parents went to NY and needed a babysitter.
I wish more people would speak this clearly and realistically about energy production. We are decades perhaps centuries away from "clean energy". There is a big reason why we still use so much fossil fuels- it works.
Wouldn’t Nuclear energy be the antidote for high Oil prices going forward? We see many countries rising their investments on this source nowadays. I would love to hear Art’s view on this. Thanks
Nuclear produces electricity which is not a direct substitute for liquid fuels - shipping, trains, planes require oil fuels. Converting transportation to electric vehicles also has physical limits like lithium of which there is only enough land reserves to convert half the worlds vehicles to electric.
Art speaks truth to ignorance and economists - Wealthion stands out as it sees beyond economics. For instance, as much as I admire Michael Hudson's economic analysis, it fails as energy is seen as substitutable. How about hosting a discussion with Art and Michael Hudson to try and push the boundaries? Anyway, I think the energy then food predicament will be in our face in weeks or months (not years so much).
Very interesting discussion. Thanks for this Adam and thanks to Art for his expertise. I remember reading his scathing reviews of shale production economics back when peak oil was a hot topic. It is a great pity that peak oil was largely discredited because of the mask of shale oil output and now the many serious consequences, economic, financial and geostrategic of max global production simply do not factor into any policy considerations. It is a disastrous omission which will I feel will impact Europe in particular. The US at least has an indigenous resource to fall back on. I would mention that the seminal IEA report of 2008, which catalogued and assessed global production in a detailed field by field analysis (largely provoked by peak oil geologists) specifically predicted max global liquid fuels production (incl shale oil) for 2021! I think the global geostrategic impact of this emerging event will be determined by how China responds. IMO it is carving a path towards the ME and sealing an alliance with Russia because it is smart enough to know what's coming. The West, and Europe in particular is not. It is too dumb, too distracted and too entitled to realise what is rolling down the tracks. Our time is limited and our leadership class are profoundly lacking in almost every respect. Art is 100% correct, oil is the master resource, take it away and everything stops overnight. I would only add that we don't have to hit max price, or strict limits before problems arise. Once it is known and understood that max production has been reached, long term husbanding and hoarding of oil will start and that's when the proverbial will hit the fan.
"our leadership class are profoundly lacking in almost every respect." -- The problem is choosing leaders through a process of self nomination and mass elections. No responsible organization would pick its top leaders by means of a vulgar popularity contest among people who had never interviewed or even met a single candidate. You are right that we don't need to hit max price before the problems start. If total amount of energy available to the economy generally or to the transport sector in particular begins to fall, that will be like putting a lid or ceiling on economic growth. Production requires work (by men, animals, or machines), and work requires energy (by definition, energy is the "ability to do work"), so less energy means less work performed means fewer goods and services produced means fewer workers or fewer man hours required. It's the beginning of Great Depression 2.0, but hopefully it will begin slowly and erratically before picking up steam as depletion accelerates. Hopefully.
Once again, Adam deftly guides a master class analyst to the crux for investors (min.28). But the bottom line is this: energy prices will go higher because of 1) reversion to the mean. The average over the last 20 years is 8% of the S&P for the energy sector, today it stands around 2%. 2) High cash flows for the big guys because of the lack of infrastructure spending and steady demand. Oil demand may go up and down, but it’s not going away-look at the millions of products that use petroleum as a factor and we will never really remove ourselves from this dependency.
As an energy trader , this is not that complicated…. The world told the energy companies not to drill…. Then the universities pressured divestment in the energy companies…. Then some idiots on tv , cramer, said energy is uninvestible….. oil became 2 to 3 percent of the market…. Economics 101 took over and supply and demand has started to kick in…. The windmills and solar panels aren’t ready for prime time…. Now the world has to live with high energy prices for at least the next couple of years…. It’s not that complicated
Art made it sound complicated in the interview when he said it takes 1200 wind workers to equal one natural gas worker. I just can't follow what he's talking about. Somehow this is supposed to be about energy density. How can you calculate the density of wind energy? You need to store it somehow, maybe in a battery, and then you can do your energy density comparison. Does this really make sense to most listeners or are they just ignoring what they don't understand?
Excellent content Adam, thanks to you and Art, although weird that you managed to speak about energy for an hour without mentioning the word nuclear !?
Art Berman is a much needed realist in the question of human energy needs and where it is going to come from. There is no short term solution that will not involve a degree of sacrifice. As he says on his website, we have overshot and the overshoot is huge. His view that we must curtail growth is eminently sensible but what politician was ever sensible? The whole meaning of a politician's life seems to be in announcing better growth figures than the opposition. Still we have to start somewhere and Wealthion is doing a great job of educating people about the inconvenient realities of life.
It's vital that we talk about the future of energy. As this future bites, the world will be turned upside down. It will be the most difficult period of time in human history.
Please do have Art back to discuss all of the issues he's raised in more depth. I'm curious if the next, and possibly last, oil bonanza might come from the thawing Arctic. True, many past major exploratory projects have been abandoned due to the difficulties of operating in the harsh environmental conditions there and even thawing permafrost crumbling infrastructure like roads and pipelines. But, that could change as the Arctic warms perhaps making deep sea drilling possible in areas once perpetually covered by ice. A sad prospect for climate mitigation, but perhaps the reality of where the industry will go next.
It's the most important topic for the decades to come... so bring him back on anytime... even if I am a bit less pessimistic as him in regard of how much resources we need and how much we can spare to cover our needs by solar if we do it cleverly. Desert land does not cost us anything and sun is plenty there. If we put our effort on it we could go really big on solar (using fossils along the way to manufacture the first generation of infrastructure, next gen is self supporting then...).
Oil is the economy!!! Wind and solar is bullshit! Did you not hear the first sentence? You go out to the desert and put up your solar panels and do without oil/ natural gas and or coal and see how that works out!! How much diesel fuel is needed to manufacture wind farms and solar panels that yield miniscule and intermittent power? Unsustainable for a modern growing economy!
@@1504strikehold We might be in the early stages of adding nuclear (EU is considering labelling this as a green energy), then we can use that energy source instead of oil/gas/coal to build the alt energy with wind and solar. Electrified trucks, and construction equipment will make this possible if powered from nuclear to not add new coal or gas CO2, of course building the nuclear plants most likely use conventional fossil fuels, but once you have it built its can last for 50 to 60 years. Wind and solar have their purpose in the mix. Elon Musk has said that an area about 10,000 sq miles: "“If you wanted to power the entire U.S. with solar panels, it would take a fairly small corner of Nevada or Texas or Utah; you only need about 100 miles by 100 miles of solar panels to power the entire United States,” Musk said. Nevada is a mostly barren desert so this would make sense to use that land for something. About 80% of NV is owned by the Fed Gvt.
@@brienq Musk is an actor. Okay. how do you service the solar panels over 10000 sq miles? 265 workers per the same output as natural gas. Natural gas used to be clean energy. The plan of the great reset is to eliminate resources.
If using solar to produce solar is a viable idea, why don't the solar manufacturers do it already? It would be a huge selling point and would probably get lots of free media coverage.
@@brienq Nuclear is a realistic alternative for commercial electric power but not yet a viable alternative for transportation, so i agree. With you..... Wind and solar is a psyop from the oligarchs and globalist Fascists! Look up Club of Rome.
Great summary of the current situation with oil supply. That’s why it’s great protection to hold the worlds largest diversified miner in BHP. They are divesting their oil portfolio but you will get shares in Woodside. In the meantime you have exposure to oil, coal, copper, uranium, nickel and the list goes on. A hedged bet for the best of both worlds - declining investment in oil and the EV tansition.
I've watched Wealthion from the beginning, and I can honestly say that was one of the most 'enlightening' discussions I have ever ever heard about the economics of oil. My mind has been opened in a whole new way and I now understand why the billionaires are building bunkers in NZ, because it's just not part of a massive landmass. Thank you Adam!
OTOH, massive land masses are not bad if you pick an area far from large population centers. As transport fuel costs rise and rise, places that do not have close proximity to water transport will start to become incredibly isolated, as they were before the railroads came, and later the highways and motor vehicles.
Congratulations for your content Adam! Started following the channel some months ago, really enjoy it and a lot of knowledge and awareness is offered 😊 Given the current Global situation, thougth to watch your interview with Art again. Being a 4th Turning enthusiast, would it be possible to ask Art to comeback and dive a bit more on the "dark part"? Once again, congratulations 😉
Oh yes, let’s please have that more in depth discussion. Dark, but absolutely fascinating. Not thinking or talking about it doesn’t make it not be there.
Thanks Adam Art is wort listening to more. I’m sorry to say it’s great for me to be more prepared. It’s also tough to realize I don’t have the resource to help many others to realize how things look for real. I appreciate Art so much because he seems to see the truth of where where at and try’s to give us the facts Just the facts.
He's 100% correct? Really? How is he correct when he says it takes 1200 wind workers to equal one natural gas worker, or something like that? I just can't follow what he's talking about. Somehow this is supposed to be about energy density. How can you calculate the density of wind energy? You need to store it somehow, maybe in a battery, and then you can do your energy density comparison. Does this really make sense to most listeners or are they just ignoring what they don't understand?
Pardon less than a year ago Art said "The probability of $80 Brent is almost zero based on OPEC spare capacity. Spare capacity is 11 times higher than when Brent was $81 in late 2018 & 4 times average when Brent was more than $100 from 2011-2014."
Definitely need to bring people like him back on. We need to know what we're facing. I'm glad that he brought up the problem of population growth. Why aren't more people stating the obvious fact that there just aren't the resources to support a "western" lifestyle with 8 billion people ? Doesn't this also mean that economic models are broken if they assume that there is always growth ? The planet being a finite holder of resources, there cannot be infinite growth. Are there economic models that *don't* assume continuous growth ? A big thank you for making these videos available !
Population projections show overall population growth diminishing and going negative in the future. It is the debt based monetary system that requires endless growth.
@@nicholasscholten4838 While I agree that projections seem to suggest that population growth will follow a logistic curve rather than an exponential one, there still aren't enough resources on earth for 8 billion people to have a western life style, unless there is some "technological advance" as Mr. Berman points out at 43:17.
One factor I would like to hear more about from Mr. Berman is DEPLETION. These established wells of certain countries are just like all wells, running dry. Can you give us a comparison to the Texas oil field depletion of days gone by.
We really, truly need to talk about the future of this family planet more seriously and widely. Please bring him back again!!!! Thank you Wealthion for absolutely doing a great job.
I am interested in getting him back to the channels once again.
Q
Yes please invite Art back again!
Bring him on again!!!
I’ve followed Art for years and he’s so pragmatic about our energy situation. Of course you should have him back on.
Bring Art back, I always love listening to Art. I care.
This conversation has changed my understanding of the reality of being human and our energy needs and the truth of what we need to face. Yes please continue this conversation!
Yes 🙌 bring Art back for additional information and details based on his research
Bring back ART
As a geological engineer, I think Art provided a very informative view on the current state of affairs. I didn’t like what he had to say, but we need to hear it.
Mr. Berman always brilliant. One of the most incredible mind in energy.
Yes Adam please bring Art back. Brilliant conversation!
One of the most eye-opening discussions on any channel. Please bring him back soon.
Yes. Please have Art back on. This is a very important discussion.
Would love to see Art do a very detailed analysis of our energy future, without any limitations on shades of "darkness" ...if it's dark, then people need to hear it now.
I'd like to hear him on regular basis. I'd definitely like to hear an in depth presentation. go for as long as it takes. Definitely.
Please bring Art Berman back to provide his insights into the global macro resource/economic environment. Art is an excellent visionary!
Get Art on as much as humanly possible
Yes. Bring him back. What a treasure.
Art Berman is one of the very best energy analysts period.
Art Berman. One of my favorite energy experts. 👍🏽
Art Berman is always great to listen to, and energy supply is one of the most urgent matters of our time.
Bring him back, Art is the MAN!
I read a brilliant piece a long time back that said only 3% of earth has been surveyed for oil. By inference, there is no shortage of oil underground. Extraction is the issue but that will eventually be overcome. Profits are a powerful driver.
The limiter is energy expended. If you are expending a barrel's worth of oil to extract a barrel worth of oil, there's no point. The earth's crust has a ton of oil in it, but the vast majority is so "tight" (i.e. expensive to extract) that it's not energetically worthwhile.
Yes to having Art back,
Yes Adam, this is the second time Art has been on, and he is great! Please have him on in the future.
Yes please have Art back on to talk about a realistic energy future!
I am subscribed and I either missed the notification for this most important discussion or else I did not receive it. This Mr Berman is not only an expert but perhaps it is the first time that I understood each and every phrase and concept. Although I am not sure that I always agree. Moreover, energy, whether fossil or green, happens to be my specialization and so it is understandable that I have been jotting down notes throughout the whole video. And I shall be watching this again and again. Hence, thank you so much.
As an architect, I can't help but think that a petroleum geologist who reads about Le Corbusier is one unique individual.
My Dad (Ozdemir Erginsav) was Le Corbusiers draftsman for the Carpenter building in Cambridge Mass) - he was a student getting his Masters in City Planning that Corbu was teaching at Harvard. He used to have me and my sister stay over the weekend when my parents went to NY and needed a babysitter.
Excellent interview from a great guy. Have Art back soon!
Please have Art back!
as a student of geology and a software/hardware geek professional I like Art! bring him on!
Bring Art back on for a deep dive!
Love to have Art Berman back on talking about the future cause it's almost time for pitchforks.
YES I would very much like for you to get Art Berman back on to delve deeper into how he sees the future unfolding. Thanks for the great insights.
I wish more people would speak this clearly and realistically about energy production. We are decades perhaps centuries away from "clean energy". There is a big reason why we still use so much fossil fuels- it works.
Art is such a gem
Great discussion! As someone in the industry, his insights are accurate and invaluable. Would love itnif you had him back for a deeper dive!
Yes, please, more of Art and a deeper dive into his outlook for the future.
Yes, have the truth teller back on 👍🏼
More Art please. Thanks both for a great discussion.
Please have Art Berman back on to discuss potential options for future energy sources.
Yes! Definitely bring Art on again !!! Thanks Adam for your good work.
Wouldn’t Nuclear energy be the antidote for high Oil prices going forward? We see many countries rising their investments on this source nowadays. I would love to hear Art’s view on this. Thanks
Nuclear produces electricity which is not a direct substitute for liquid fuels - shipping, trains, planes require oil fuels. Converting transportation to electric vehicles also has physical limits like lithium of which there is only enough land reserves to convert half the worlds vehicles to electric.
Fantastic guest, would love to hear more from him. Everyone I know is still working from home, so the high oil demand is quite a surprise to me.
Yes please bring Art back!
YES to Art and energy in depth discussion!
Art speaks truth to ignorance and economists - Wealthion stands out as it sees beyond economics. For instance, as much as I admire Michael Hudson's economic analysis, it fails as energy is seen as substitutable. How about hosting a discussion with Art and Michael Hudson to try and push the boundaries? Anyway, I think the energy then food predicament will be in our face in weeks or months (not years so much).
Excellent video, with an insightful discussion. Please have Art back again for further exploration of these subjects. Thanks!
Very interesting discussion. Thanks for this Adam and thanks to Art for his expertise. I remember reading his scathing reviews of shale production economics back when peak oil was a hot topic. It is a great pity that peak oil was largely discredited because of the mask of shale oil output and now the many serious consequences, economic, financial and geostrategic of max global production simply do not factor into any policy considerations. It is a disastrous omission which will I feel will impact Europe in particular. The US at least has an indigenous resource to fall back on. I would mention that the seminal IEA report of 2008, which catalogued and assessed global production in a detailed field by field analysis (largely provoked by peak oil geologists) specifically predicted max global liquid fuels production (incl shale oil) for 2021!
I think the global geostrategic impact of this emerging event will be determined by how China responds. IMO it is carving a path towards the ME and sealing an alliance with Russia because it is smart enough to know what's coming. The West, and Europe in particular is not. It is too dumb, too distracted and too entitled to realise what is rolling down the tracks. Our time is limited and our leadership class are profoundly lacking in almost every respect. Art is 100% correct, oil is the master resource, take it away and everything stops overnight. I would only add that we don't have to hit max price, or strict limits before problems arise. Once it is known and understood that max production has been reached, long term husbanding and hoarding of oil will start and that's when the proverbial will hit the fan.
"our leadership class are profoundly lacking in almost every respect." -- The problem is choosing leaders through a process of self nomination and mass elections. No responsible organization would pick its top leaders by means of a vulgar popularity contest among people who had never interviewed or even met a single candidate.
You are right that we don't need to hit max price before the problems start. If total amount of energy available to the economy generally or to the transport sector in particular begins to fall, that will be like putting a lid or ceiling on economic growth. Production requires work (by men, animals, or machines), and work requires energy (by definition, energy is the "ability to do work"), so less energy means less work performed means fewer goods and services produced means fewer workers or fewer man hours required. It's the beginning of Great Depression 2.0, but hopefully it will begin slowly and erratically before picking up steam as depletion accelerates. Hopefully.
Loved Art's presentation, get him back
Once again, Adam deftly guides a master class analyst to the crux for investors (min.28). But the bottom line is this: energy prices will go higher because of 1) reversion to the mean. The average over the last 20 years is 8% of the S&P for the energy sector, today it stands around 2%. 2) High cash flows for the big guys because of the lack of infrastructure spending and steady demand. Oil demand may go up and down, but it’s not going away-look at the millions of products that use petroleum as a factor and we will never really remove ourselves from this dependency.
Have Art come back. He is so good!
These big picture types of interviews are very helpful. Please do more.
Would love to hear more from Art on the data re renewables and what kind of economy our current tech (generation and storage) can support.
Kegman
I would love to hear more from Art Berman. It is important to hear from a realist regarding our energy future.
Yes, love to hear more from Art.
people need to hear what he is explaining about the future energy sources and that the green new deal is a pipe dream
Yes, please ask him back. He obviously has a wealth of knowledge and experience to share that is timely and urgent.
As an energy trader , this is not that complicated…. The world told the energy companies not to drill…. Then the universities pressured divestment in the energy companies…. Then some idiots on tv , cramer, said energy is uninvestible….. oil became 2 to 3 percent of the market…. Economics 101 took over and supply and demand has started to kick in…. The windmills and solar panels aren’t ready for prime time…. Now the world has to live with high energy prices for at least the next couple of years…. It’s not that complicated
Art made it sound complicated in the interview when he said it takes 1200 wind workers to equal one natural gas worker. I just can't follow what he's talking about. Somehow this is supposed to be about energy density. How can you calculate the density of wind energy? You need to store it somehow, maybe in a battery, and then you can do your energy density comparison. Does this really make sense to most listeners or are they just ignoring what they don't understand?
Do carbon tax credits add to the price of energy a lot?
Excellent content Adam, thanks to you and Art, although weird that you managed to speak about energy for an hour without mentioning the word nuclear !?
Art Berman is a much needed realist in the question of human energy needs and where it is going to come from. There is no short term solution that will not involve a degree of sacrifice. As he says on his website, we have overshot and the overshoot is huge. His view that we must curtail growth is eminently sensible but what politician was ever sensible? The whole meaning of a politician's life seems to be in announcing better growth figures than the opposition. Still we have to start somewhere and Wealthion is doing a great job of educating people about the inconvenient realities of life.
Please do another video with Art that's longer. Thanks.
It is rare to hear an oil expert acknowledge environmental constraints.
Yes we need this information get him back
Please have Art come back.
Also look at insider buying.... Suncor and Vermillion
People need to hear these things..
Yes, PLEASE. Bring Art back for deeper dive
It's vital that we talk about the future of energy. As this future bites, the world will be turned upside down. It will be the most difficult period of time in human history.
Please do have Art back to discuss all of the issues he's raised in more depth. I'm curious if the next, and possibly last, oil bonanza might come from the thawing Arctic. True, many past major exploratory projects have been abandoned due to the difficulties of operating in the harsh environmental conditions there and even thawing permafrost crumbling infrastructure like roads and pipelines. But, that could change as the Arctic warms perhaps making deep sea drilling possible in areas once perpetually covered by ice. A sad prospect for climate mitigation, but perhaps the reality of where the industry will go next.
It's the most important topic for the decades to come... so bring him back on anytime... even if I am a bit less pessimistic as him in regard of how much resources we need and how much we can spare to cover our needs by solar if we do it cleverly. Desert land does not cost us anything and sun is plenty there. If we put our effort on it we could go really big on solar (using fossils along the way to manufacture the first generation of infrastructure, next gen is self supporting then...).
Oil is the economy!!! Wind and solar is bullshit! Did you not hear the first sentence? You go out to the desert and put up your solar panels and do without oil/ natural gas and or coal and see how that works out!! How much diesel fuel is needed to manufacture wind farms and solar panels that yield miniscule and intermittent power? Unsustainable for a modern growing economy!
@@1504strikehold We might be in the early stages of adding nuclear (EU is considering labelling this as a green energy), then we can use that energy source instead of oil/gas/coal to build the alt energy with wind and solar. Electrified trucks, and construction equipment will make this possible if powered from nuclear to not add new coal or gas CO2, of course building the nuclear plants most likely use conventional fossil fuels, but once you have it built its can last for 50 to 60 years. Wind and solar have their purpose in the mix. Elon Musk has said that an area about 10,000 sq miles: "“If you wanted to power the entire U.S. with solar panels, it would take a fairly small corner of Nevada or Texas or Utah; you only need about 100 miles by 100 miles of solar panels to power the entire United States,” Musk said. Nevada is a mostly barren desert so this would make sense to use that land for something. About 80% of NV is owned by the Fed Gvt.
@@brienq Musk is an actor. Okay. how do you service the solar panels over 10000 sq miles? 265 workers per the same output as natural gas. Natural gas used to be clean energy. The plan of the great reset is to eliminate resources.
If using solar to produce solar is a viable idea, why don't the solar manufacturers do it already? It would be a huge selling point and would probably get lots of free media coverage.
@@brienq Nuclear is a realistic alternative for commercial electric power but not yet a viable alternative for transportation, so i agree. With you..... Wind and solar is a psyop from the oligarchs and globalist Fascists! Look up Club of Rome.
Great summary of the current situation with oil supply. That’s why it’s great protection to hold the worlds largest diversified miner in BHP. They are divesting their oil portfolio but you will get shares in Woodside. In the meantime you have exposure to oil, coal, copper, uranium, nickel and the list goes on. A hedged bet for the best of both worlds - declining investment in oil and the EV tansition.
Please have Art back on to discuss geopolitics.
I've watched Wealthion from the beginning, and I can honestly say that was one of the most 'enlightening' discussions I have ever ever heard about the economics of oil. My mind has been opened in a whole new way and I now understand why the billionaires are building bunkers in NZ, because it's just not part of a massive landmass. Thank you Adam!
OTOH, massive land masses are not bad if you pick an area far from large population centers. As transport fuel costs rise and rise, places that do not have close proximity to water transport will start to become incredibly isolated, as they were before the railroads came, and later the highways and motor vehicles.
Please can we have more of Art Burman and any other energy and peak oil experts.
Congratulations for your content Adam!
Started following the channel some months ago, really enjoy it and a lot of knowledge and awareness is offered 😊
Given the current Global situation, thougth to watch your interview with Art again.
Being a 4th Turning enthusiast, would it be possible to ask Art to comeback and dive a bit more on the "dark part"?
Once again, congratulations 😉
Definitely, return Art
Oh yes, let’s please have that more in depth discussion. Dark, but absolutely fascinating. Not thinking or talking about it doesn’t make it not be there.
I definitely would like to hear Art provide more detail on the overall energy situation and its effects.
Interested to see Art back. Thx
Too right Art.....Oil is the master commodity........
Thank you Adam for your selection of high quality guests. Arts' expertise and insight was much appreciated.
Humberto
♥️Art❤
Please invite him back. We enjoy his perspective.
Very fascinating - yes please bring Art back
Yes! Bring Art back again. I’m a big fan :)
Wealthion provides great content and the best speakers. Thanks
Thanks Adam Art is wort listening to more. I’m sorry to say it’s great for me to be more prepared. It’s also tough to realize I don’t have the resource to help many others to realize how things look for real. I appreciate Art so much because he seems to see the truth of where where at and try’s to give us the facts Just the facts.
"I never want to say markets are wrong" -- but sometimes they are.
yes, more Art B. His viewpoint is absolutely fact based.
I love your channel! One of the best interviewing channels in terms of makro-economic-topics!
@Wealthion please have Art back on for an indepth interview of his future outlook.
Thank you Adam, and thank you Art. You fellers are the best!
Hi Adam, yes please let Art have a follow on.. very interesting as well as scary regards
Im in the lp energies industry. And YES ABSOLUTELY HAVE HIM BACK ON! Within my perspective! He's 100% correct with his every view point.
He's 100% correct? Really? How is he correct when he says it takes 1200 wind workers to equal one natural gas worker, or something like that? I just can't follow what he's talking about. Somehow this is supposed to be about energy density. How can you calculate the density of wind energy? You need to store it somehow, maybe in a battery, and then you can do your energy density comparison. Does this really make sense to most listeners or are they just ignoring what they don't understand?
Pardon less than a year ago Art said "The probability of $80 Brent is almost zero based on OPEC spare capacity.
Spare capacity is 11 times higher than when Brent was $81 in late 2018 & 4 times average when Brent was more than $100 from 2011-2014."
Definitely need to bring people like him back on. We need to know what we're facing.
I'm glad that he brought up the problem of population growth. Why aren't more people stating the obvious fact that there just aren't the resources to support a "western" lifestyle with 8 billion people ?
Doesn't this also mean that economic models are broken if they assume that there is always growth ? The planet being a finite holder of resources, there cannot be infinite growth. Are there economic models that *don't* assume continuous growth ?
A big thank you for making these videos available !
Population projections show overall population growth diminishing and going negative in the future. It is the debt based monetary system that requires endless growth.
@@nicholasscholten4838 While I agree that projections seem to suggest that population growth will follow a logistic curve rather than an exponential one, there still aren't enough resources on earth for 8 billion people to have a western life style, unless there is some "technological advance" as Mr. Berman points out at 43:17.
I like his stance. Bring Art back!
Yes to Art back on, absolutely people need to hear what there future holds.
Absolutely please have Art back.
One factor I would like to hear more about from Mr. Berman is DEPLETION. These established wells of certain countries are just like all wells, running dry. Can you give us a comparison to the Texas oil field depletion of days gone by.