Art Berman: Higher Oil Prices Not High Enough (Yet) to Damage The Economy? (Video)

Art Berman: Higher Oil Prices Not High Enough (Yet) to Damage The Economy? Video – Wall St for Main St

Jason Burack of Wall St for Main St interviewed returning guest, energy specialist, energy industry keynote speaker and long time petroleum geologist, Art Berman, to speak about the oil market.

During this long, in depth discussion, Art talks about how while the number of producing oil wells in the Bakken has been increasing for months because of the higher oil price, the oil production in the Bakken has actually not gotten back to prior high levels from previous years. So we’re getting less for more per well now in the Bakken.

Jason also asks Art about whether a lot more oil production from deep water offshore oil wells will come back online now that oil prices have rebounded strongly from around $45/barrel in the summer of 2017 to over $70/barrel at the time of the recording of this interview.

Jason also asks Art if supply/demand fundamentals have changed in the oil market, if the Saudis don’t want oil prices going higher and about how larger US shale oil producing companies are financing themselves?

Art does not think electric vehicle demand will be large enough anytime soon to drastically reduce oil demand and to wrap up the interview, Art names a handful of oil companies for people to research further as potential investments.

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Wall St for Main St

Wall St for Main St is a start up investor education, financial education, research and consulting company. We provide alternative financial information, research, education and consulting to Main Street investors using uncommon wisdom like the Austrian School of Economics. Our goal is teaching people how to fish for themselves instead of trusting their financial adviser for everything. We interview top investors, traders, money managers, financial commentators, economic experts, authors, CEOs and newsletter writers from around the world to discuss the latest events in the global economy and financial markets. Wall St for Main St offers high quality investor education, research and consulting for beginners, high net worth clients and everyone in between who wants to learn to adapt to the current macroeconomic situation, profit off of it or hedge themselves. Wall St for Main St has taught dozens of consulting clients how to invest, trade and hedge in different assets classes.