Art Berman


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Permian Giant Oil Field Would Lose $500 Billion At Today’s Prices

Did you hear about the largest U.S. oil and gas field that's in the Permian basin of west Texas? That's the one that's not a field because it hasn't been discovered yet. That's the one whose 20 billion barrels are an estimate by the U.S. Geological Survey. That's the one whose 20 billion barrels w ...

Art Berman - The Petroleum Truth Report


Posted 1 month agoOpinion > PermianArt BermanUnited States +2

Despite OPEC Production Cut, Another Year Of Low Oil Prices Is Likely

An OPEC production cut offers oil producers hope for higher prices in 2017. But there is a dark cloud hanging over that expectation. Global storage inventories must be substantially reduced before higher oil prices can be sustained. Some of U.S. tight oil has nowhere to go but into storage because ...

Art Berman - The Petroleum Truth Report


Posted 13 days agoOpinion > Art BermanOPEC