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Art Berman's Exclusive Energy Analysis
This data driven analysis produces hard core insights that can open your eyes to what is actually happening in the energy market. Art produces these posts to be accessible to all.
Because in a world full of energy chaos, knowledge is power.
Betting the World on an Imaginary Energy Future
Government leaders tell us that the world is moving toward a renewable energy future. At the recent COP 28 climate meeting in the United Arab Emirates, those leaders agreed to…
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Aramco Development Halt Has Nothing to Do With Oil Demand
Saudi Aramco is abandoning plans made in 2020 to increase field production from 12 to 13 million barrels per day. The announcement has provoked analyst comments that the decision is…
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Bakken Break-Even Prices Threaten Profits
The Bakken Shale play is following the same pattern of declining well performance that I have shown for the Permian and Eagle Ford in recent weeks. Bakken break-even prices have…
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Draining America First—The Beginning of the End for Shale Gas
The United States is the biggest producer of natural gas in the world and recently became the largest exporter of LNG. The industry is scrambling to build LNG (liquefied natural…
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A Renewable Energy Future Will Collapse the Financial System
Energy is the economy. That’s a radical concept because most people think that the economy runs on money. It doesn’t. What is energy? It is the potential or capacity to…
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Eagle Ford Shale–A Preview of Permian Decline
The Eagle Ford Shale was the hottest play in the United States a little more than a decade ago. In mid-2012, there were twice as many rigs drilling horizontal wells…
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Can We Just Get Over Nuclear?
Why do so many otherwise intelligent people believe that nuclear power is the solution to the world’s energy and climate crises? “There is no way, absolutely none, that the world’s…
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Climate change is a Narrow View of the Human Predicament
A transition away from fossil fuels seems like a sensible approach to climate change but what are the correct ingredients? Wind, solar, hydrogen, electric vehicles, carbon capture, nuclear, geothermal, heat…
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Doomberg Embarrasses Himself
Doomberg’s recent views about oil on Thoughtful Money were painfully amateurish and often just wrong. I have always respected Doomberg even when I disagreed with him but I was embarrassed…
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Doomberg Goes Off the Rails
The ordinarily knowledgeable and reasonable Doomberg is way out of his lane on oil. In a recent post “Peak Cheap Oil is a Myth,” Doomberg observes that natural gas liquids…
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Comparative Inventory Tells Recent Oil Price Story
Analysts propose all kinds of explanations for why oil prices have fallen since late September. They are all somewhat true but the real reason is that comparative inventory (C.I.) has…
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Coal Magical Thinking from the IEA
Coal demand will peak in 2023 and begin to decline in 2024 and beyond (Figure 1). That’s the good news in a report by the International Energy Agency (IEA) issued…
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