Arthur Berman: "Peak Oil - The Hedonic Adjustment"
The Great Simplification with Nate Hagens
Nate Hagens
4.8 • 555 Ratings
🗓️ 18 January 2023
⏱️ 70 minutes
🧾️ Download transcript
Summary
On this episode, petroleum geologist Arthur Berman returns to unpack the development and drawbacks of 'peak oil'. Art explains how our institutions have redefined what is considered oil, which has created an illusion of constantly growing oil production. The reality is that - circa 2023 - fully 40% of what is called oil is comprised of things that are 'not oil'. What does this imply for global peak oil? Is peak oil, an observation which has been around for decades and repeatedly proven 'wrong', even relevant today? Is a specific 'peak' date even helpful or should we be focusing on the logical implications of a declining primary resource for global economies? And then, what should we do
About Art Berman:
Arthur E. Berman is a petroleum geologist with 36 years of oil and gas industry experience. He is an expert on U.S. shale plays and is currently consulting for several E&P companies and capital groups in the energy sector.
For Show Notes and More visit https://www.thegreatsimplification.com/episode/54-arthur-berman
To watch this video episode on Youtube → https://youtu.be/CDBJdQnjE2o
Transcript
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| 0:00.0 | You're listening to The Great Simplification with Nate Higgins. |
| 0:06.1 | That's me. |
| 0:07.7 | On this show, we try to explore and simplify what's happening with energy, the economy, |
| 0:14.3 | the environment, and our society. |
| 0:17.0 | Together with scientists, experts, and leaders, this show is about understanding the bird's |
| 0:23.0 | eye view of how everything fits together, where we go from here and what we can do about |
| 0:28.6 | it as a society and as individuals. |
| 0:33.1 | Peak oil, a phrase that was on a lot of people's minds and lips 15 years ago. |
| 0:40.2 | We don't hear about it so much anymore. |
| 0:42.3 | What happened? |
| 0:43.2 | Did it disappear? |
| 0:44.4 | Was it discredited? |
| 0:46.2 | Was it debunked? |
| 0:47.4 | Was peak oil no longer real? |
| 0:49.7 | The core tenets of this podcast, the great simplification, treat peak oil as a given. |
| 1:00.1 | I think 15 years ago, people focused which would be the date of peak oil because that |
| 1:05.5 | will change everything. |
| 1:07.3 | We've now learned that things are a little bit more complex. |
| 1:10.9 | There's geopolitics. There's complex. There's geopolitics. |
| 1:12.4 | There's money. |
| 1:13.4 | There's decline rates. |
| 1:15.5 | There's new drilling, et cetera. |
... |
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