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ART BERMAN NEWSLETTER: JUNE 2021 (2021-5)
- June 6, 2021
- Posted by: Art Berman
- Category: Newsletter
4 Comments
Investors demanded fiscal & growth discipline from tight oil. Tight oil delivered but investors are uninterested because there’s no growth story. Bait-and-switch.
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ART BERMAN NEWSLETTER: APRIL 2021 (2021-3)
- April 1, 2021
- Posted by: Art Berman
- Category: Newsletter
We’re near the end of a price increase that began at less than zero back to the where prices were before the pandemic. That’s a recovery not a rally.
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ART BERMAN NEWSLETTER: NOVEMBER 2020 (2020-10)
- December 3, 2020
- Posted by: Art Berman
- Category: Newsletter
The time from well start to enough production to offset base decline is almost a year—six times EIA’s estimate. It is nearly impossible for U.S. production to be flat at 11 mmb/d for 2021.
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Art Berman Newsletter: August 2020 (2020-7)
- September 4, 2020
- Posted by: Art Berman
- Category: Newsletter
What concerns me most is what will happen when markets realize that U.S. oil production will fall to levels not seen since the early 2000s.
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Stop Expecting Oil and the Economy to Recover
- September 3, 2020
- Posted by: Art Berman
- Category: The Petroleum Truth Report
It is unlikely that either oil supply or demand will ever return to 2018 levels.
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Art Berman Newsletter: July 2020 (2020-6)
- August 5, 2020
- Posted by: Art Berman
- Category: Newsletter
Oil prices are stalled in the low $40s for WTi and mid-$40s for Brent. Producer behavior indicates that prices need to be lower.
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The Decline and Fall of the Bakken: The Red Queen Collapses
- July 28, 2020
- Posted by: Art Berman
- Category: The Petroleum Truth Report
Decreasing EUR and b-exponents in the Bakken are because the sweet spot or core area has reached full development. More wells are now being drilled outside the core.
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Art Berman Newsletter: June 2020 (2020-5)
- July 6, 2020
- Posted by: Art Berman
- Category: Newsletter
I expect that $40 to $45 will be the WTI price range for the rest of 2020 barring a serious supply interruption.
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Game Over for Oil, The Economy is Next
- April 27, 2020
- Posted by: Art Berman
- Category: The Petroleum Truth Report
Large segments of the U.S. oil industry will have to be nationalized before the year is over.
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Coronavirus Has Crushed Oil Prices
- March 20, 2020
- Posted by: Art Berman
- Category: header-menu
Coronavirus is leading cause of economic downturn but Saudi price cuts and export increase may be a tipping point or Lehman moment for markets.