Jason Burack of Wall St for Main St interviewed returning guest, geological consultant with thirty-seven years of experience in petroleum exploration and production, Art Berman https://www.artberman.com/
Read Art's full bio here: https://www.artberman.com/about-art/
During this hour plus long interview, Jason asks Art if the supply/demand fundamentals for oil have changed a lot with the global economy slowing down recently.
Track Oil Prices for free here: https://oilprice.com/
Art thinks that demand is not down significantly yet.
Jason asks Art a number of questions about US shale oil (tight oil) producers including about their production costs (many US shale oil producers are currently losing money at current WTI oil prices), their reserves, their debt levels, their balance sheets and their ability to raise capital in the current market environment.
Surprisingly, Art says how President Trump has hurt many oil companies with his 180* flip flopping of policies on Iran oil exemptions and also the recent potential tax changes on master limited partnership (MLP) pipeline companies.
Can US shale oil companies cut costs fast enough and raise enough capital to stave off bankruptcy? Will oil prices go lower and hurt the US oil producers more? Who benefits from the current low oil price environment?
Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason's work at his blog website at www.jasonburack.com.