Quote from: K-Dog on Mar 31, 2026, 08:13 PMDemand destruction and economic fragmentation are the most likely outcomes.  That is the correct framework.

For you. Because as I've mentioned before, some folks start with an angle they like, and when someone like an Art is espousing a similar view, he is easy to agree with, and to defend his view regardless of demonstrable professional hiccups demonstrating a distinct lack of knowledge or prognostication abilities on his part.

"Most likely" is a great hedge. I'll bet you a years salary he couldn't calculate what the fractile of probability is for that statement. But is sounds like it is quite certain to be bad, doesn't it?

Quote from: K-DogYour criticism of Berman is accusation without substance.

My criticism of Art is based on facts, evidence, and his own long discredited OTHER claims, more in line with his masters degree if not his history one. Past bad acts on the part of a felon doesn't mean they commited their most recent crime, but it does factor into the odds of residicisim. History might not repeat itself, but when it comes to people and their habits, it most certainly can rhyme.

If a person demands you accept that 2+2=5 is that accusation without substance?

Quote from: K-DogYou have found no fault with his argument.

An argument it is indeed. He uses WORDS. Here are some at the beginning of the article.

"Oil is more likely to peak with the crisis and then follow a weakened global economy into a longer period of softness."

Not sure what peak he is referring to, certainly not the ones he was declaring almost 20 years ago now in World Oil. But a weakened global economy and a period of softness? I can buy that. But notice how it progresses to this.

"In a world constrained by debt, weak growth, and systemic instability, it is unrealistic to assume that capital cycle dynamics from decades past will repeat."

He doesn't prove the world is constrained by debt, he states it as fact. What is "weak" growth? Sure sounds like....GROWTH.....just not.. robust growth. Gee....weak growth before has certainly brought on the Apocalypse. Systemic instability! That one has me quivering in my boots! And all of this is mentioned...why? Because he has a strawman from others to attack, in order to sell what he has been selling for decades...some semblance of Doom!

There is a reason why the rubes love this guy. Have you seen how someone who doesn't know what his masters degree taught him pimps himself? His website is much better than it used to be. You think he makes much coin off pretending to just be the nitwit that declared the world ending and didn't know that the US could produce oil from shale? Nope..he is. ART BERMAN!


"World-renowned consultant? Check. Stellar keynote speaker? Undoubtedly. But above all, he's the energy world's unfiltered voice, seeing past the haze to what truly drives our global system: Energy is the economy."

Stellar keynote speaker! Every time I've heard him do a room he READS HIS SPEECH. He can't do off the cuff for shit, and when he tries, he gets facts wrong! Important ones!

Quote from: K-DogIt appears your dislike of him seems personal.  Are you jealous?

It is personal! It isn't as though geologists get much attention, but when they do, does it have to be some nitwit who doesn't know there is oil in US shales as opposed to the next Hubbert? At least Deffeyes had a functioning brain.

Quote from: K-DogMaking your criticism worthless.

Of course. Because believers do what they do, and if he was sucking his thumb and picking his nose while giving his talks while mumbling, it doesn't matter as long as they BELIEVE the words. Similar to religion I might add, belief is a tricky thing, and the first person it usually tricks is the person doing it.

I prefer science. If Art wants to collect a crowd that can think, he at least ought to throw the economic charts out there the way S&P and Rystad do. That's where the real money is....doing something right. Flashy websites though, well, the rubes go for that 9 times out of 10. The believers? 10 out of 10.