Erik Townsend welcomes Art Berman to MacroVoices. Erik and Art discuss:
- Reflecting on the current oil market
- Where are the comparative inventories
- OPEC decisions and actions dominating price
- Context on OPEC production cuts
- How much new oil is coming from higher prices
- Economics on the shale oil fields
- Perspective on US oil exports
- Exports primary reason behind U.S. inventory reductions
- Underinvestment in exploration and development
SPECIAL POSTGAME GUEST: Energy Markets Commercial Broker Patricia Hemsworth to discuss producer hedging, WTI/Brent spreads and the forward curve price dynamics.
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Arthur E. Berman is a geological consultant with thirty-seven years of experience in petroleum exploration and production. He currently is consulting for several E&P companies and capital groups in the energy sector. He frequently gives keynote addresses for investment conferences, boards of directors and professional societies. He is often interviewed about energy topics on television, radio, and national print and web publications including CNBC, CNN, CBC, BNN, OilPrice.com, Bloomberg, Platt’s, Financial Times, and New York Times. He is a Director of ASPO-USA (Association for the Study of Peak Oil & Gas USA). He was a Managing Director and frequent contributor at The Oil Drum, and is an associate editor of the AAPG (American Association of Petroleum Geologists) Bulletin. He was past Editor of the Houston Geological Society Bulletin (2004-2005) and past Vice-President of the Society (2008-2009). He has published more than 100 articles on geology, technology, and the petroleum industry during the past 5 years.