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?
We invite you to listen to this very informative interview.
Interview was released on February 7, 2024.
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We invite you to download or revisit our Q3 2023 investor research letter, available below.
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