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Peak Prosperity

Brace Yourself: US Oil Output on the Verge of Decline. Here’s Why.

Peak Prosperity

Chris Martenson

Government, Investing, Business

4.7591 Ratings

🗓️ 7 January 2024

⏱️ 36 minutes

🧾️ Download transcript

Summary

If energy analyst Doomberg is right about effectively unlimited oil, all is well, If he’s wrong, then this view is destructively misleading. How can you decide which view is more likely to be true? By reviewing the data with me, of course.

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Transcript

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0:00.0

By the way, people who understand this can understand the future and see what's coming.

0:06.7

Hello, everyone, Chris Martinson of Peak Prosperity here back with you.

0:10.8

Boy, I am back on fire.

0:12.3

This is old school analysis and research.

0:15.2

You're going to love this.

0:15.9

This is really important.

0:16.8

By the way, people who understand this can understand the future and see what's coming.

0:20.5

Today, we are going to be responding to a piece that just came out by Dumeberg, which a lot of you sent me and asked questions about.

0:28.5

And, well, let's go right there.

0:30.1

So this is it.

0:30.8

He wrote an article called The Peak Cheap Oil Myth.

0:34.9

And I put a question mark because is it really a myth?

0:37.1

We're going to take this

0:37.9

apart and take a look at it because I love being challenged. But by the way, if you get this story

0:43.4

right or wrong, a lot matters. Your whole future matters. How things turn out. So we're going to go

0:50.5

deep into the data. This is an example. Peter Kay, hi Peter. You sent me this awesome thing that, you know, he's been following me for a long time here. We go back as far as 2011. He said, but what if something's off in this calculus about oil that I've been talking about where there's this thing called peak oil and in fact, peak oil? And he said, somehow, in spite of all the above, the U.S. is currently producing more oil and LNG than could possibly have been expected.

1:17.4

How is this possible?

1:18.7

On Wednesday night, I literally started an email to you to ask that exact question.

1:22.4

And then, in a case of incredible synchronicity, Duneberg, a substack I love, I do too.

1:28.2

I'm a subscriber.

1:35.2

Came out with an article linked to below. Everything in the article seems plausible. And if true,

1:42.8

would move the event horizon out in time a significant distance, right? Another decade seems easy when presented with this analysis i really wonder what you make of

...

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