Shale Skeptic Forecasts Imminent Demise for Permian and Eagle Ford
- For geologist Arthur Berman, shale revolution is almost over
- ‘Live with less, open your eyes, have a nice day’: Berman
Photographer: Andrew Burton/Getty Images
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The geologist who earned the wrath of shale drillers a decade ago with forecasts that natural gas was about to run out is now warning that the Permian Basin has just seven years of proven oil reserves left.
Arthur Berman, a former Amoco scientist who now works as an industry consultant near Houston, said the Permian region of Texas and New Mexico that currently pumps more oil than any other North American field won’t last for long. And the Eagle Ford shale about 350 miles (560 kilometers) away in South Texas isn’t looking good either.