This is Macro Voices with hedge fund manager Eric Townsend, the free weekly financial

podcast targeting professional finance, high net worth individuals, family offices, and

other sophisticated investors. Macro Voices is all about the brightest minds in the world

of finance and macroeconomics telling it like it is. Bullish your bearish, no holds

barred. Now here are your hosts, Eric Townsend and Patrick Sarresna.

Macro Voices episode 253 was recorded on January 7th, 2021. I'm Eric Townsend. This episode

is brought to you by ABIC's technologies, pioneering the design of smarter markets that

better meet the needs of both market participants and society as a whole. And by masterworks

dot IO bringing fine art investing within reach of all investors. Regular listeners have

heard me say it a hundred times. If the declines in US crude oil production that art

bourbon has predicted are actually realized we could be looking at a moonshot in oil prices

before 2021 is over. But where do we stand with respect to those predictions? Considering

the fact that art bourbon originally thought the decline would have begun by now, which

it clearly hasn't per EIA data. Petroleum geologist Art Bourbon returns as this week's

feature interview guest to answer that question and many more. We'll discuss the coming domestic

production decline which art bourbon still predicts when it will happen as well as this

week's OPEC plus meeting and much more. Then be sure to stay tuned for our post game

segment when Patrick's chart book addresses the question can 2021 be even crazier than

2020. And I'm Patrick Sarasana Eric. We usually use this market wrap segment to cover the

past week's developments in the markets and what we see on the near term horizon. But

for our first show of the year, our tradition is to take a step back and talk about the

longer term outlook for each of those five macro asset classes. So let's start off

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