The Petroleum Truth Report


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Permian Giant Oil Field Would Lose $500 Billion At Today’s Prices

Did you hear about the largest U.S. oil and gas field that's in the Permian basin of west Texas? That's the one that's not a field because it hasn't been discovered yet. That's the one whose 20 billion barrels are an estimate by the U.S. Geological Survey. That's the one whose 20 billion barrels w ...

Art Berman - The Petroleum Truth Report


Posted 2 months agoOpinion > PermianArt BermanUnited States +2

The Days of Cheap Natural Gas Are Over

Natural gas prices averaged a little more than $2.50 per mmBtu (million British Thermal Units) in 2016. Those days are over. Prices will average at least $3.50 to $4.00 in 2017. Prices have more than doubled since March 2016 but gas is still under-valued. Supply is tight because demand and exports ...

Art Berman - The Petroleum Truth Report


Posted 1 month agoOpinion > Art BermanThe Petroleum Truth Reportnatural gas

Don’t Hold Your Breath For $70 Oil

It is more likely that oil prices will fall below $50 per barrel than that they will continue to rise toward $70. Prices have increased beyond supply and demand fundamentals because of premature expectations about the effects of an OPEC production cut on oil inventories. Last week's 13.8 million b ...

Art Berman - The Petroleum Truth Report


Posted 9 days agoOpinion > Art BermanThe Petroleum Truth Reportoil price