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Why US oil production might not go much higher
Posted: Fri Feb 09, 2024 10:30 am
by dan_s
https://peakprosperity.com/off-the-cuff-with-adam-rozencwajg-peak-oil-is-closer-than-you-think/?__hstc=214401352.ad0c65b6df7e810fd86a70e6b33a373f.1707492363770.1707492363770.1707492363770.1&__hssc=214401352.1.1707492363770&__hsfp=2812132378&hsCtaTracking=3de63bbf-0e1a-4195-ae36-a1b1be5bdd47%7C83cbb7fe-47e9-4780-994d-c2cc5502363b
Above is a link to a podcast featuring Adam Rosencwajg who lays out why Permian Basin oil production might peak soon.
If the link won't work for you, send me an email and I will send direct access: dmsteffens@comcast.net
Re: Why US oil production might not go much higher
Posted: Fri Feb 09, 2024 10:36 am
by dan_s
Peak Oil is Closer Than You Think
02/09/2024
The Permian shale oil basin is very close to peaking out. When it does, everything changes for the US and the world.
"Everyone thought 2019 was the all-time high for Energy and Oil demand and that coming back out of covid, yeah we would come back and normalize--but never at the rates we saw. 2022 set the new record. I mean you couldn't have been wronger faster." ~ Adam Rozencwajg.
Adam Rozencwajg, CFA, Managing Partner at Goehring & Rozencwajg (G&R), joined "Off the Cuff" Podcast with host Chris Martenson of Peak Prosperity to explore the most vital but overlooked topic of our times: Peak Oil Is Closer Than You Think.
With our models and analyses, G&R projects that the one final and last mega oil basin in the US – the Permian – is set to hit peak output in 2025. And if it does, it could set off alarm bells within the US and across the world, resulting in vastly higher oil prices. So, why do we think it is close to peak? What about the Marcellus – the monster US natural gas shale field?