The last pre-war shipments of oil products from the Strait of Hormuz have arrived at their destinations as of early May, meaning the promise of an energy crisis as a result of the Iran war is fast approaching. Leading experts are now forecasting energy disruptions ranging from rationing to severe shortages in import-dependent economies, with roughly 11% of global oil supply already offline. This leaves us with the question: even if this war were to end today, what sort of system-wide effects are locked in given the current loss in production, and what will be required of us to cope with the fallout?

In this episode, Nate welcomes back petroleum geologist Art Berman to break down the timeline of the looming oil shortages stemming from the Strait of Hormuz crisis and just how severe they could become within a tightly coupled, complex global system. Art explains why, even if the war were to end today, the inherent lags in our industrial supply chains mean shortfalls are already baked into the coming months. The resulting rise in energy prices will reach far beyond the pump, rippling out into the cost of virtually everything and confronting much of the world with conditions not seen in over five decades. Ultimately, Art sees this as a forcing mechanism that could compress decades of needed adjustment into months. The outcome will rely less on policy than on whether societies can absorb the shock without breaking.

Amid all the speculation about oil prices in the wake of the Iranian conflict, what do these numbers actually mean in physical terms? If this conflict signals the beginning of a long-term decline in energy availability, are we already past the peak of the global material economy, with the financial layer not yet caught up to the physics? And if this conflict signals the beginning of a long-term decline in energy availability, what lessons from our deep past might help us find our way forward?

(Conversation recorded on May 6th, 2026)

About Art Berman:

Art Berman is a petroleum geologist with over 40 years of oil and gas industry experience. He is an expert on U.S. shale plays and is currently consulting for several E&P companies and capital groups in the energy sector.

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This week's Frankly is another edition of Wide Boundary News, where Nate invites listeners to view the constant churn of headlines through a wider-boundary lens. He begins with the misleading framing of recent oil production statistics by the United States, which blurs distinctions between crude oil and broader petroleum products. Nate uses this as a case study in how data can be technically correct, yet structurally misleading – particularly when used for political storytelling. The lens widens as he considers whether the peak of the carbon pulse could pass without clear public understanding, especially as access to the underlying data becomes more restricted and fragmented.

Nate then moves into the geopolitical and physical consequences of energy strain, focusing on Iran and the Strait of Hormuz as a critical chokepoint in global oil flows. He connects ongoing disruptions not only to price spikes, but also to how energy functions as a security commodity. These disruptions also extend into cascading effects on food systems, as things like fertilizer supply and cooking fuel reverse in access and affordability. Moving closer to home, Nate discusses the opening of Minnesota's Boundary Waters for copper-nickel mining, highlighting the tension between ecosystem protection and demand for mineral inputs to power any magnitude of energy transition. He also touches on the rapid expansion of AI data centers and the large share of electricity they use, framing this trend as the economic Superorganism diverting massive energy flows toward its cognitive layer, rather than only its muscular layer. Finally, Nate closes with a reflection on industrial livestock productivity as another expression of a system optimized for high output, but operating under energy conditions that may no longer hold.

Why do we need to think about energy as a security commodity? How much of our future depends on being told the truth? And what have we bred for – in cows, seed varieties, supply chains, cities, and financial systems – that we will not be able to feed, medicate, or transport on the backside of the carbon pulse?

(Recorded May 5th, 2026)

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Many of us were taught that humans have been the dominant force shaping the modern world through sheer grit, ingenuity, and innovation. While true to an extent, there are also deep, embedded laws of energy that have both constrained and enabled human cleverness and our influence over our surroundings. What exactly are these laws, and what happened in the past few centuries that allowed for an explosion of technology and consumption? Perhaps more importantly, how can that knowledge help us understand how the decades and centuries ahead might be different?

In this episode, Nate is joined by earth scientist and thermodynamicist Tad Patzek for a deep dive into the mathematics and physics driving humanity's energetic and material predicament. Tad walks us through the six great flows of power and materials that keep civilization running, and explains why our public conversation about all of them is dangerously detached from physical reality. He argues that planetary breakdown is not merely a side effect of an economic system built on growing these flows – it is a direct mathematical consequence of overshoot. He rounds out this picture by pointing out that every energy transition in history has been additive, not subtractive – increasing total power in the system – and the current push toward renewables is no exception.

What if we were to truly see ourselves through the lens of all the energy we consume – for Americans, the equivalent of a 40-ton whale – would that change how we live? How do technology, population, and per capita energy consumption amplify each other, creating an exponential demand for power? And if we were to acknowledge the inseparability of our ecological crises and our energy blindness, would it help us change our behavior in accordance with the kind of world we'd want our grandchildren to inherit?

(Conversation recorded on March 11th, 2026)\

About Tad Patzek:

Tad Patzek is Professor Emeritus of Petroleum and Chemical Engineering at the Earth Sciences Division and Director of the Ali I. Al-Naimi Petroleum Engineering Center in KAUST, Saudi Arabia. Formerly, he was the Lois K. and Richard D. Folger Leadership Professor and Chairman of the Petroleum and Geosystems Engineering Department at The University of Texas at Austin. Additionally, he was previously a Professor of Geoengineering at the University of California, Berkeley. Prior to joining Berkeley, he was a researcher at Shell Development, a research company managed for 20 years by M. King Hubbert. He is also a full Presidential Professor in Poland, which is the highest honor, and also served as a member of the DOI Macondo Well Advisory Committee.

Patzek's current research involves mathematical and numerical modeling of earth systems with emphasis on fluid flow in soils and rocks that can be hydrofractured. He is working on the thermodynamics and ecology of human survival, and food and energy supply for humanity. His current emphasis is the use of unconventional natural gas as a fuel bridge to the possible new energy supply schemes for the world. Patzek is a coauthor of over 400 papers and reports, and most recently, he has cumulated his research into his upcoming book Thermal Power and Climate Change: A Data-Driven Analysis of Cause and Effect, 1800-2100 (Preprint available now)

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