To learn about oil well investments, you can request a booklet by clicking the following link: kingdomexploration.com/Request-Oil-Investment-Brochure-B/index.php?v=c.dhPLewxIQT0
Sean, are you on the same page with Art Berman about the impending decline on oil output? I read his work, Nate Hagens, John Michael Greer, Jim Kunstler, etc. I am a conservative guy but have been focused on "sustainability" for a while. I eventually learned the "green" revolution was a fairytale. I finally bought that conclusion after hearing people like Art and Greer. It's fascinating seeing conservatives speaking to the realistic limits we have in future oil output. It feels like common sense is finally coming home to roost. I just discovered your videos, curious about your background. How would you describe your faith / politics / etc. I don't really fit in either camp, but am a Christian father, husband, homesteader. For so long I never heard any conservatives speak to how there are limits to cheap energy. Thank you for being honest and sharing this truth.
@acornlandlabs I'm a God-fearing, spirit-filled Christian pastor who's been investing in oil for 30 years. I'm a proud Republican with strong political views, though I tend to stay reserved. I'm a patriotic American who loves this country and firmly believes in prosperity. While I agree with a lot of what Art Berman says, especially about shale oil and gas, I find some of his views on global warming and the future of energy a bit extreme. But overall, I respect much of his analysis.
@@KingdomExplorationLLC Thanks for sharing your background and putting this information out there Sean! Love to know you're a pastor and God-fearing man (and Patriotic American!). My wife is from Texas actually. It's encouraging to see somebody like you speaking plainly about what's going on and where we are likely headed. I'm with you on Art's views -- his energy analysis seems rock solid. I just don't know what I don't know about global warming. I do know more Walmart parking lots and less tree cover makes life hotter here in Georgia, but I'll leave it at that. I am laser focused these days on the changes a family can make to adapt and prepare for our changing American world (we're not really preppers per say, I think bigger changes in daily habits are needed). We homeschool our two boys. We like to live simply, stay debt free, and camp. We're really into off-grid projects. The ultimate advice from Art and other authors I like is to "get used to living with less energy". That's where we're at. No Disney trips, lots of camping trips. Less grocery store, more garden. I'd be fascinated to know what are you doing to mentally and practically adjust to the future we'll soon be in? Perhaps that would be a good video!
If they could develop something with a neutral asset holder it might work. Because I don't think any of those countries would trust each other. And they certainly found out what happened when they trusted the US.
Excellent discussion - you are correct - i fear...i'm living in Asia a lot and they are more worried about putting food and (drinking) water on the table than solar panels on the roof and coal use is off the scale here too.
Very good information, simple and easy to understand. Its obvious to me as an oil company business controller that we are heading into energy scarcity, and this is the best time ever to invest in oil I think. When the Permian shale oil field starts declinkng the game is up.
The narrative doesn't control the price, global inventories do. Last week the EIA reported total commercial oil inventories fell by 14.6mb. The global oil deficit is 1mb/d, so the U.S. administration dumped twice the needed amount onto the market to force the oil price down. U.S shale production at present is growing by 100kb/d. North Dakota production is down 19kb/d year on year. I may have already mentioned China is fuelling some of it's vehicles with natural gas. Injections into U.S. natural gas storage facilities are the lowest they've been in the last 10 years despite a warm autumn. The Henry Hub price is creeping up and only been red on the daily chart for a couple of hours at most. The IEA has global inventories at 4.2bn barrels. Down 200mb since March.
Interesting view about Iran holding off until after the election. Personally, I suspect there are other fundamental issues with oil supply right now that are keeping the price lower than producers would like: The Canadian Trans Mountain Pipeline is now on line, 600K bbl/day, 900K capacity. Guyana has another FPSO on the way for 2025 to join Liza Destiny, Liza Unity and Prosperity. They are already at 600K bbl/day. The Saudis have 3M bbl/day in excess capacity just sitting on the shelf. Turn the valve and up it comes. There is a China-sized hole developing in world oil demand that is probably going to get lots worse before it gets any better.The most disturbing thing to me is that the current US administration used the SPR last Spring to make a profit. That is dangerous waters to sail into. If the government sets up their own prop desk and manipulates the price of oil for additional revenue, the political capacity for regulation mischief is concerning. It is a seductive, slippery slope to close budget gaps that can only end in tears.
Plenty of oil. Right now, Iran Libya, Russia, Venezuela. all major producers offline due to geopolitics. Plenty of untapped fields like the Eastern side of Alaska fields never brought into production.
I think the low oil prices are probably just pre-election price drifting, I don't think anything below 75 would be sustainable, but I think we will see some dips into the low 50s between now and the election, I think it would be a good opportunity to long oil. Doomberg has said somewhere that 70 was probably the bottom line price, he's probably right, I'm still going to stick to 75. Thing is wages and material costs are so much higher than they were a few years ago, so these low oil prices can't persist forever. But I don't think we'll see any parabolic moves upwards, maybe a market shocks we may cycle up to 100, but I think we're going to be stuck well below 100 for a long while.
You just got a new sub, Sean…. The zoomed out chart looks like we’re ripe for a big multi year wash to the downside….terror and fear first then the glory..??
Over indebtedness, poverty, extreme wealth inequality might be factors that can keep demand low and therefore prices. No doubt we’ve sucked out all the cheap stuff though.
Bifurcation in global oil markets....Saudi/Iran/Russia....and others now....selling oil in Yuan/RMB so demand is growing in BRICS countries.....but demand falling for Dollar denominated Tight Oil ....good job Democratic Party 😮
Longterm big oil could adapt its existing infrastructure & expertise to Geothermal & Sequestration. Short to medium we need, more refineries more diesel not less, will probably need rationing as stupid self inflicted market volatility & other geo economic factors come into play as physical reality on the ground hits & shale's bigger straw starts slurping. Price will go way high, Carter pricing.
Let CO2 go, What little warming it causes is negligible. The UN is all about controlling the masses and converting them to slaves, serfs and even chipped neutered cyborgs. After the coming limited nuclear war, they will use that trauma combined with a COVID style propaganda push to put the final bricks in the wall of the NWO.
The Iranian Revolution of 1979, in which Shah Mohammed Reza Pahlavi was overthrown and replaced by an Islamist government led by Ruhollah Khomeini, has been the subject of conspiracy theories alleging Western involvement, in particular, that the United States and the United Kingdom secretly opposed the Shah because his White Revolution and Iran's growing independence was unfavorable to their interests in Iranian petroleum. In his own memoirs, Answer to History, the Shah alleges that Western forces most prominently the United Kingdom, the United States, and Big Oil conspired against him all for their own reasons while most notably, he claims due to his manipulation of oil prices. Khomeini rejected the charges, claiming it was the Shah who was a Western "agent" who had prevented the establishment of Islamic government in Iran until the revolution. The US govt is demonic.
For the record China installed 350 GW of wind and solar in 2023. In 2024 they are only gonna be ramping up and in the last 4 months installed more than the rest of the world put together. 350 GW is the equivalent of 120 nuclear reactors. The Chinese spend $300,000,000.00 USD on oil imports a year so that is a open drain on their treasury. So why would they not want to get off oil. The oil price, in my opinion, is not going up. Because in my opinion China is the largest and marginal user. The cheapest oil to produce right now is Canadian oil that is going through to Asia through a massive new pipeline to the West coast. You should have built the keystone pipeline.; So here is my take. Yes the green energy revolution is here but in China, the shale boom is losing steam, US refiners are gonna be starved from cheap crude because they sucked off the test of shale for so long and oil is not going up in price. So please route my argument but no insults because that just exposes your insults.
Solar and wind power generate electricity, but they don't replace oil. Oil is primarily used for transportation (cars, trucks, planes, ships), industrial processes (plastics, chemicals), and heating. Even though renewables power electrical systems, they can't replace oil-based fuels in transportation or the petrochemical industry. Plus, renewables are intermittent, meaning we still need backup energy sources. Oil is also much more energy-dense, making it essential for heavy industry and shipping. China will continue to need oil as its economy grows, especially for manufacturing and transport. Solar and wind are great, but they don't replace oil.
I wouldn't trust anything China says about their numbers. Here are 15 examples of the thousands of times China used false reporting to control markets. If oil prices hit $120, China's growth would be stifled, which is why they are keeping Russia close and lying about data to allow them to buy cheap oil. 1. Oil Import and Export Data Discrepancies (2016-2020) 2. 2020 COVID-19 Recovery Claims 3. Manipulation of Copper Inventories (2018-2019) 4. Inflated Industrial Production Figures (2015) 5. Overstating Coal Consumption Data (2000-2013) 6. Steel Production Overreporting (2014-2016) 7. Underreporting Grain Imports (2004-2015) 8. Gold Reserve Underreporting (2015) 9. Ghost Cities and Real Estate Data Manipulation (2010-2015) 10. Misrepresentation of Renewable Energy Usage (2017-2020) 11. Fake GDP Growth Numbers (2008-2019) 12. Underreported Crude Oil Stockpiling (2014-2020) 13. Aluminum Production Overreporting (2013-2017) 14. Underreporting Iron Ore Imports (2016-2018) 15. Falsified Export Figures During the Trade War (2018-2019)
@@KingdomExplorationLLC 50%. of automobiles sold in China are battery electric or plug in hybrids. byd hybrids can, for a sedan, get can get 2000 km of range for a 65l tank of gas and a 100 km battery charge. So even ice vehicles will use way less gasoline in China. All facts my friend garnered from Australian websites. The USD 300 billion spent on oil is from IEA import numbers times by a $70 a barrel cost for oil. You can say you don’t trust Chinese numbers. But are you gonna bet your portfolio against them being right? Your choice.
@@KingdomExplorationLLC Yeah China is lying a lot, but the Chinese growth is over, and they invested big in green tech, nuclear and coal. So their oil usage will decline. European usage will decline too, as their economy will shrink. But India ramped up the oil imports as they are growing 7%. US debt will eventually also stop the growth. So not at all that easy to predict.
You won’t need to worry about oil if the Wars stop, it’ll be a Global Depression…..the money printing will stop and inflation will morph into deflation. Unemployment, retirement, A.I technology, contract jobs, work from home, trade sanctions, de dollarization, and the BRICKS alternative to the U.S debt mountain …..are all deflationary.
You need to factor in the current geopolitical relationship between the said countries. In short: "it's not looking good captain". "Hold fast" and prepare for some of the choppy stuff!. Going to take some time to smooth out.
To learn about oil well investments, you can request a booklet by clicking the following link: kingdomexploration.com/Request-Oil-Investment-Brochure-B/index.php?v=c.dhPLewxIQT0
The moment he dropped the name "Art Berman" I started paying close attention. Love it.
Sean, are you on the same page with Art Berman about the impending decline on oil output? I read his work, Nate Hagens, John Michael Greer, Jim Kunstler, etc. I am a conservative guy but have been focused on "sustainability" for a while. I eventually learned the "green" revolution was a fairytale. I finally bought that conclusion after hearing people like Art and Greer. It's fascinating seeing conservatives speaking to the realistic limits we have in future oil output. It feels like common sense is finally coming home to roost.
I just discovered your videos, curious about your background. How would you describe your faith / politics / etc. I don't really fit in either camp, but am a Christian father, husband, homesteader.
For so long I never heard any conservatives speak to how there are limits to cheap energy. Thank you for being honest and sharing this truth.
@acornlandlabs I'm a God-fearing, spirit-filled Christian pastor who's been investing in oil for 30 years. I'm a proud Republican with strong political views, though I tend to stay reserved. I'm a patriotic American who loves this country and firmly believes in prosperity. While I agree with a lot of what Art Berman says, especially about shale oil and gas, I find some of his views on global warming and the future of energy a bit extreme. But overall, I respect much of his analysis.
@@KingdomExplorationLLC Thanks for sharing your background and putting this information out there Sean! Love to know you're a pastor and God-fearing man (and Patriotic American!). My wife is from Texas actually. It's encouraging to see somebody like you speaking plainly about what's going on and where we are likely headed. I'm with you on Art's views -- his energy analysis seems rock solid. I just don't know what I don't know about global warming. I do know more Walmart parking lots and less tree cover makes life hotter here in Georgia, but I'll leave it at that.
I am laser focused these days on the changes a family can make to adapt and prepare for our changing American world (we're not really preppers per say, I think bigger changes in daily habits are needed). We homeschool our two boys. We like to live simply, stay debt free, and camp. We're really into off-grid projects. The ultimate advice from Art and other authors I like is to "get used to living with less energy". That's where we're at. No Disney trips, lots of camping trips. Less grocery store, more garden.
I'd be fascinated to know what are you doing to mentally and practically adjust to the future we'll soon be in? Perhaps that would be a good video!
Excellent and simple explanation of what is really going on. I wish more people would wake up and pay attention. Thank you!
I’ve heard it reported that at the BRICS summit next month in Kazan, Russia will unveil a payment system sidestepping SWIFT.
Hopefully 😅
If they could develop something with a neutral asset holder it might work. Because I don't think any of those countries would trust each other. And they certainly found out what happened when they trusted the US.
Excellent discussion - you are correct - i fear...i'm living in Asia a lot and they are more worried about putting food and (drinking) water on the table than solar panels on the roof and coal use is off the scale here too.
THANKS FROM AUSTRALIA
Sounds reasonable, thank you Sean
Well done
Don't forget a big part of the market is opaque because of the "out of Swift"" exchanges....
...same for gold market in China 😮
Same for gold market in China 😮
Googles the Clown wuz censoring here 😊
Very good explanation of prices.
Very good information, simple and easy to understand. Its obvious to me as an oil company business controller that we are heading into energy scarcity, and this is the best time ever to invest in oil I think. When the Permian shale oil field starts declinkng the game is up.
What oil price do you think kit would require to get US shale growing again in a sustainable way? Or it is technically impossible no matter the price.
Don't forget that the US hasn't built a refinery in ages. Pennsylvania can't build pipelines to the coast, it has to be trucked into NYC.
Another awesome video 👍
They can do what they want. Because they can.
The narrative doesn't control the price, global inventories do. Last week the EIA reported total commercial oil inventories fell by 14.6mb. The global oil deficit is 1mb/d, so the U.S. administration dumped twice the needed amount onto the market to force the oil price down. U.S shale production at present is growing by 100kb/d. North Dakota production is down 19kb/d year on year.
I may have already mentioned China is fuelling some of it's vehicles with natural gas. Injections into U.S. natural gas storage facilities are the lowest they've been in the last 10 years despite a warm autumn. The Henry Hub price is creeping up and only been red on the daily chart for a couple of hours at most.
The IEA has global inventories at 4.2bn barrels. Down 200mb since March.
And enough to run that 1mm a day deficit for 12 years.
Very helpful analysis for a newbie to the topic, thx
Interesting view about Iran holding off until after the election. Personally, I suspect there are other fundamental issues with oil supply right now that are keeping the price lower than producers would like: The Canadian Trans Mountain Pipeline is now on line, 600K bbl/day, 900K capacity. Guyana has another FPSO on the way for 2025 to join Liza Destiny, Liza Unity and Prosperity. They are already at 600K bbl/day. The Saudis have 3M bbl/day in excess capacity just sitting on the shelf. Turn the valve and up it comes. There is a China-sized hole developing in world oil demand that is probably going to get lots worse before it gets any better.The most disturbing thing to me is that the current US administration used the SPR last Spring to make a profit. That is dangerous waters to sail into. If the government sets up their own prop desk and manipulates the price of oil for additional revenue, the political capacity for regulation mischief is concerning. It is a seductive, slippery slope to close budget gaps that can only end in tears.
Plenty of oil. Right now, Iran Libya, Russia, Venezuela. all major producers offline due to geopolitics. Plenty of untapped fields like the Eastern side of Alaska fields never brought into production.
I think the low oil prices are probably just pre-election price drifting, I don't think anything below 75 would be sustainable, but I think we will see some dips into the low 50s between now and the election, I think it would be a good opportunity to long oil. Doomberg has said somewhere that 70 was probably the bottom line price, he's probably right, I'm still going to stick to 75. Thing is wages and material costs are so much higher than they were a few years ago, so these low oil prices can't persist forever. But I don't think we'll see any parabolic moves upwards, maybe a market shocks we may cycle up to 100, but I think we're going to be stuck well below 100 for a long while.
Good way to understand
I loved the electric boat commercial on your screen during the oil supply discussion 😂
@@brentdreisbach6829 🤠
I'll be investing soon. Just watching woodside for the right to get in for me. Then a few others as well
You just got a new sub, Sean….
The zoomed out chart looks like we’re ripe for a big multi year wash to the downside….terror and fear first then the glory..??
@@ZoomedOut2020 Oil is making a comeback!
You trust OPEC?
Over indebtedness, poverty, extreme wealth inequality might be factors that can keep demand low and therefore prices. No doubt we’ve sucked out all the cheap stuff though.
Bifurcation in global oil markets....Saudi/Iran/Russia....and others now....selling oil in Yuan/RMB so demand is growing in BRICS countries.....but demand falling for Dollar denominated Tight Oil ....good job Democratic Party 😮
It's tight oil...no new fields discovered
If oil price is $60, why sell it? guess oil companies can shutdown more rigs/oil fields to jack up the price
Guess thats why buffet loading up on oxy stock.
Don’t you think that all those shale oil and gas could be used to store CO2 or even hydrogen . And could be discounted from IRA ?
Longterm big oil could adapt its existing infrastructure & expertise to Geothermal & Sequestration. Short to medium we need, more refineries more diesel not less, will probably need rationing as stupid self inflicted market volatility & other geo economic factors come into play as physical reality on the ground hits & shale's bigger straw starts slurping. Price will go way high, Carter pricing.
The IRA and the coming car and truck EPA regulations are going to cost 3 trillion each. Our economy is only 29 trillion dollars.
Let CO2 go, What little warming it causes is negligible. The UN is all about controlling the masses and converting them to slaves, serfs and even chipped neutered cyborgs. After the coming limited nuclear war, they will use that trauma combined with a COVID style propaganda push to put the final bricks in the wall of the NWO.
Were the 1950s the American Golden Age?
The Iranian Revolution of 1979, in which Shah Mohammed Reza Pahlavi was overthrown and replaced by an Islamist government led by Ruhollah Khomeini, has been the subject of conspiracy theories alleging Western involvement, in particular, that the United States and the United Kingdom secretly opposed the Shah because his White Revolution and Iran's growing independence was unfavorable to their interests in Iranian petroleum. In his own memoirs, Answer to History, the Shah alleges that Western forces most prominently the United Kingdom, the United States, and Big Oil conspired against him all for their own reasons while most notably, he claims due to his manipulation of oil prices.
Khomeini rejected the charges, claiming it was the Shah who was a Western "agent" who had prevented the establishment of Islamic government in Iran until the revolution. The US govt is demonic.
For the record China installed 350 GW of wind and solar in 2023. In 2024 they are only gonna be ramping up and in the last 4 months installed more than the rest of the world put together. 350 GW is the equivalent of 120 nuclear reactors. The Chinese spend $300,000,000.00 USD on oil imports a year so that is a open drain on their treasury. So why would they not want to get off oil. The oil price, in my opinion, is not going up. Because in my opinion China is the largest and marginal user.
The cheapest oil to produce right now is Canadian oil that is going through to Asia through a massive new pipeline to the West coast. You should have built the keystone pipeline.;
So here is my take. Yes the green energy revolution is here but in China, the shale boom is losing steam, US refiners are gonna be starved from cheap crude because they sucked off the test of shale for so long and oil is not going up in price. So please route my argument but no insults because that just exposes your insults.
Solar and wind power generate electricity, but they don't replace oil. Oil is primarily used for transportation (cars, trucks, planes, ships), industrial processes (plastics, chemicals), and heating. Even though renewables power electrical systems, they can't replace oil-based fuels in transportation or the petrochemical industry. Plus, renewables are intermittent, meaning we still need backup energy sources. Oil is also much more energy-dense, making it essential for heavy industry and shipping. China will continue to need oil as its economy grows, especially for manufacturing and transport. Solar and wind are great, but they don't replace oil.
I wouldn't trust anything China says about their numbers. Here are 15 examples of the thousands of times China used false reporting to control markets. If oil prices hit $120, China's growth would be stifled, which is why they are keeping Russia close and lying about data to allow them to buy cheap oil.
1. Oil Import and Export Data Discrepancies (2016-2020)
2. 2020 COVID-19 Recovery Claims
3. Manipulation of Copper Inventories (2018-2019)
4. Inflated Industrial Production Figures (2015)
5. Overstating Coal Consumption Data (2000-2013)
6. Steel Production Overreporting (2014-2016)
7. Underreporting Grain Imports (2004-2015)
8. Gold Reserve Underreporting (2015)
9. Ghost Cities and Real Estate Data Manipulation (2010-2015)
10. Misrepresentation of Renewable Energy Usage (2017-2020)
11. Fake GDP Growth Numbers (2008-2019)
12. Underreported Crude Oil Stockpiling (2014-2020)
13. Aluminum Production Overreporting (2013-2017)
14. Underreporting Iron Ore Imports (2016-2018)
15. Falsified Export Figures During the Trade War (2018-2019)
@@KingdomExplorationLLC 50%. of automobiles sold in China are battery electric or plug in hybrids. byd hybrids can, for a sedan, get can get 2000 km of range for a 65l tank of gas and a 100 km battery charge. So even ice vehicles will use way less gasoline in China. All facts my friend garnered from Australian websites. The USD 300 billion spent on oil is from IEA import numbers times by a $70 a barrel cost for oil. You can say you don’t trust Chinese numbers. But are you gonna bet your portfolio against them being right? Your choice.
@@KingdomExplorationLLC Yeah China is lying a lot, but the Chinese growth is over, and they invested big in green tech, nuclear and coal. So their oil usage will decline. European usage will decline too, as their economy will shrink. But India ramped up the oil imports as they are growing 7%. US debt will eventually also stop the growth. So not at all that easy to predict.
Absolute BS. They have technology they haven’t released yet.
What if Israel stop bombing and Russia Ukraine stop fighting? What will happened to the oil price??? 10-20 dollar?
You won’t need to worry about oil if the Wars stop, it’ll be a Global Depression…..the money printing will stop and inflation will morph into deflation. Unemployment, retirement, A.I technology, contract jobs, work from home, trade sanctions, de dollarization, and the BRICKS alternative to the U.S debt mountain …..are all deflationary.
You need to factor in the current geopolitical relationship between the said countries.
In short: "it's not looking good captain".
"Hold fast" and prepare for some of the choppy stuff!.
Going to take some time to smooth out.