You're listening to The Great Simplification with Nate Higgins.

That's me.

On this show, we try to explore and simplify what's happening with energy, the economy, the environment, in our society.

Together with scientists, experts, and leaders, this show is about understanding the bird's-eye view of how everything fits together, where we go from here and what we can do about it as a society and as individuals.

I would like to welcome back to the show, Art Berman. Art is a friend, a colleague, a petroleum

geologist with over 40 years working in the petroleum industry. Today we talk about the expansion

of the BRICS nations and how Saudi Arabia and Russia account for a large amount of global export capacity of oil.

We talk about the strategic petroleum reserve.

Is that a big deal?

Is that a good decision to be drawing it down?

We talk about the state of the world oil supply and the United States shale plays, including the Permian and decline rates

and how shale exists all over the world, but the United States situation is special,

and that we probably won't access much of the rest of the world's shale.

As usual, art is honest and insightful, and this was a great conversation I expect to have

him back every few months because oil as art says is the economy at least for

now please welcome Art Berman, good to see you again.

Good to see you, too, to always, Nate.

I think we should probably have you every three months or so to give an overview on oil, energy, and interesting things.

Guests or viewers probably don't know, but you and I have lots of discussions in the background and texts and complaining and opining

and questioning each other on various things.

So you haven't been on the show in a while.

We have lots of energy related topics in the world.

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