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Using Comparative Inventories to Predict Oil Prices

Art Berman will be speaking on "Using Comparative Inventories to Predict Oil Prices”.

When:  Wednesday, April 3, 2019 
Where: Petroleum Club - Aramco Room A
              1201 Louisiana Street
Luncheon starts:        11:30am. (A plated lunch will be served.)
Presentation begins: 12:00pm

Online Registration Cost:  A singular price of $35 per person will be collected for Members and/or $45 for Non-Members/Guests if paid by credit card in advance.  If paying at the door, an additional $10.00 surcharge will apply to walk-ins or late registration.

Please RSVP by Noon CT Monday, April 1, 2019


Oil markets grossly misjudged price vectors in the last half of 2018. Oil prices increased 18% from mid-August to early October based on an unfounded fear of under-supply. Many market experts anticipated $80 WTI prices by year-end 2018. In October through December, prices fell 44% based on fear of over-supply. Mr. Berman will speak about how comparative inventories, which correctly predicted the false oil price trends in August through October, can be used to provide a reliable calibration for U.S. oil prices.

Speaker Bio.: 

Art Berman is a petroleum geologist with 40 years of oil and gas industry experience. He is an expert on U.S. shale plays, reserve estimation and economic evaluation. He is currently consulting for several E&P companies and capital groups in the energy sector. Berman regularly gives keynote addresses for energy conferences, boards of directors and professional societies. He has published more than 100 articles on petroleum plays and trends and has been interviewed by MacroVoices, Peak Prosperity, CBS, CNBC, CNN, CBC, Platt’s Energy Week, BNN, Bloomberg, The Financial Times, The Wall Street Journal, Rolling Stone and The New York Times.
Berman is an associate editor of the American Association of Petroleum Geologists Bulletin, and was a managing editor and frequent contributor to He is a Director of the Association for the Study of Peak Oil, and has served on the boards of directors of The Houston Geological Society and The Society of Independent Professional Earth Scientists.
Berman worked 20 years for Amoco (now BP) and 20 years as consulting geologist. Past clients include ExxonMobil, Chevron, Total, PetroChina and many smaller companies. He has an M.S. (Geology) from the Colorado School of Mines and a B.A. (History) from Amherst College.

No refunds are available if advanced registration is made online. However, if you are unable to attend, you may send someone else in your place. They must bring a copy of this receipt with them.

Special Meal Request: The Petroleum Club is now charging SPEE for special meal requests if made the day of our meeting. If you have special dietary restrictions (allergies, religious, etc.), please email BK at with your special meal request on or before the registration deadline and we will include your request when we guarantee our attendance number with the Petroleum Club. If you request a special meal after the registration deadline, there will be an additional $20.00 surcharge for your registration.

Menu: Spinach Salad w/ranch dressing, Maple Salmon, Ice cream pecan ball with sauces

For additional information, please contact:

Ed Butler
2019 Chairman SPEE Houston Chapter

For event registration issues, please contact:
Rhonda Gathers

April 3rd, 2019 11:30 PM
1201 Louisiana Street
Houston, TX 77022
United States
Voicemail: (713) 659-1431
Member $ 35.00
Non-Member $ 45.00
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