World Oil Supply Set To Decline In Coming Decade? | Art Berman, Petroleum Geologist

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If you're watching this, whether you're a fan of fossil fuels or not, there's no denying that modern society is still immensely dependent on them -- particularly oil. Look around you -- practically everything you see required oil somewhere along the process of being mined, manufactured or transported to get to where you are. Even the food you ate today.

Oil is still the lifeblood of the global economy. Yet after hitting $120/barrel a year ago, its price has since dropped nearly in half.

For an update on what lies ahead with this essential fuel, as well as the global energy markets in general, we welcome petroleum geologist & energy industry analyst Art Berman back to the program

TIMESTAMPS
0:00 How important is oil to the world?
4:07 The relationship between energy consumption and GDP
10:56 The Goldilocks range for oil prices.
17:51 Investment in the oil and gas sector.
24:47 The Permian Basin and shale oil.
29:57 How much do we have divided by how much we use?
36:10 Are there economically recoverable oil reserves?
44:14 How much of a concern is it for the oil industry?
49:28 How to separate the intention from the approach.
55:10 How long is it going to take to get rid of fossil fuels?
1:01:14 Fears about nuclear war and financial collapse.
1:10:31 Investor strike in the oil and gas space.

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