Art Berman: Think Oil Is Getting Expensive - You Have Not Seen Nothing Yet.


Manage episode 207075105 series 21002
By Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio streamed directly from their servers.
Art explains how the current glut of oil created by the US shale boom, along with high crude output by both OPEC and non-OPEC producers - is a temporary anomaly. Fundamentally, we are not finding nearly as much oil as we need to continue the trajectory of the global demand curve. And at the same time, we're extracting our reserves at a faster rate than ever. That is a mathematical recipe for a coming supply crunch - it is not a matter of if, but when.

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