Art Berman http://www.artberman.com Energy specialist & Keynote speaker Tue, 20 Jun 2017 11:03:37 +0000 en-US hourly 1 https://wordpress.org/?v=4.8 84748782 Energy Nonsense From the Wall Street Journal http://www.artberman.com/energy-nonsense-wall-street-journal/ http://www.artberman.com/energy-nonsense-wall-street-journal/#comments Sun, 18 Jun 2017 12:59:53 +0000 http://www.artberman.com/?p=6562 The lead editorial in Friday’s Wall Street Journal was pure energy nonsense. “Lessons of the Energy Export Boom” proclaimed that the United States is becoming the oil and gas superpower of the world. This despite the uncomfortable fact that it is also the world’s biggest importer of crude oil. The Journal uses statistical sleight-of-hand to argue that the U.S. […]

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MacroVoices Art Berman: Crude Oil Special http://www.artberman.com/macrovoices-art-berman-crude-oil-special/ http://www.artberman.com/macrovoices-art-berman-crude-oil-special/#respond Sat, 03 Jun 2017 14:15:35 +0000 http://www.artberman.com/?p=6541 Erik Townsend welcomes Art Berman to MacroVoices. Erik and Art discuss: Perspective on OPEC and the 9-month extension on production cuts OPEC’s goal to keep a floor under oil prices Positioning of oil traders since February Reasons for lower oil prices Putting U.S. production into perspective Where does comparative inventory price Brent and WTI Inventory […]

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MacroVoices Art Berman: Crude Oil Special Part 1 http://www.artberman.com/macrovoices-art-berman-crude-oil-special-part-1/ http://www.artberman.com/macrovoices-art-berman-crude-oil-special-part-1/#respond Sat, 03 Jun 2017 13:43:15 +0000 http://www.artberman.com/?p=6532 Erik Townsend welcomes Art Berman to MacroVoices. Erik and Art discuss: Perspective on OPEC and the 9-month extension on production cuts OPEC’s goal to keep a floor under oil prices Positioning of oil traders since February Reasons for lower oil prices Putting U.S. production into perspective Where does comparative inventory price Brent and WTI Inventory […]

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OPEC Extends Cuts, Oil Prices Fall: What It Means http://www.artberman.com/opec-extends-cuts-oil-prices-fall-means/ http://www.artberman.com/opec-extends-cuts-oil-prices-fall-means/#comments Mon, 29 May 2017 14:28:57 +0000 http://www.artberman.com/?p=6517 OPEC extended oil production cuts last week and oil prices plunged. OPEC’s goal was to keep a floor under current prices but the market expected the cartel to move prices higher through inventory reduction. OPEC was satisfied with greater revenues from higher prices compared to a year ago, but the market wanted deeper production cuts. OPEC takes the long […]

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Strong Natural Gas Prices And Tight Supply In 2017 http://www.artberman.com/strong-natural-gas-prices-tight-supply-2017/ http://www.artberman.com/strong-natural-gas-prices-tight-supply-2017/#comments Tue, 16 May 2017 11:44:15 +0000 http://www.artberman.com/?p=6440 A year ago, most analysts were bearish about natural gas prices.   I wrote that natural gas prices might double and they did. Today, most analysts are again bearish about gas prices and again, I think that they are probably wrong at least for 2017. The mainstream narrative is that new pipeline capacity—notably the Rover Pipeline—out of […]

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Peak Prosperity Interview: Don’t Get Used To Today’s Low Oil Prices http://www.artberman.com/peak-prosperity-interview-dont-get-used-todays-low-oil-prices/ Mon, 08 May 2017 16:37:19 +0000 http://www.artberman.com/?p=6354 This interview with Peak Prosperity’s Chris Martenson explores the oil price shock that is coming a few years in the future. There is no conflict between this future view and my current belief that oil prices will probably remain in the $40-$55 range for the near term. For at least the next year, the focus will […]

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Oil Prices Plunge To Where They Should Be http://www.artberman.com/oil-prices-plunge/ http://www.artberman.com/oil-prices-plunge/#comments Fri, 05 May 2017 17:09:19 +0000 http://www.artberman.com/?p=6339 WTI oil prices plunged to almost $45 per barrel yesterday (Figure 1). That was a downward adjustment to where prices should be based supply, demand and inventory fundamentals. Analysts invent narratives to explain why things happen after we already know the answer. In this case, oil prices fell supposedly because of falling confidence that the OPEC production […]

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OPEC Production Cuts and The Long Road To Market Balance http://www.artberman.com/opec-production-cuts-long-road-market-balance/ http://www.artberman.com/opec-production-cuts-long-road-market-balance/#comments Wed, 19 Apr 2017 11:35:42 +0000 http://www.artberman.com/?p=6240 Global oil inventories are falling because of OPEC and non-OPEC production cuts but the road to market balance will be long. Production cuts have removed approximately 1.8 million barrels per day (mmb/d) of liquids from the world market since November 2016 (Figure 1). Saudi Arabia has cut 619 kb/d (35% of total) and the Gulf States Cooperation Council—including […]

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Low Break-Even Prices Are For Everyone–Not Just Shale Companies http://www.artberman.com/low-break-even-prices-everyone-not-just-shale/ http://www.artberman.com/low-break-even-prices-everyone-not-just-shale/#comments Sun, 09 Apr 2017 21:39:30 +0000 http://www.artberman.com/?p=6226 Shale companies have pushed break-even oil prices below $40 per barrel—but so have major oil companies. Analysts commonly portray cost reduction as something unique to the tight oil companies. Data from annual reports filed with the U.S. SEC (Securities and Exchange Commission) suggests otherwise. Along with tight oil companies, ExxonMobil, Royal Dutch Shell, ConocoPhillips and ChevronTexaco all had […]

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Art Berman – Is Shale Oil Over-Hyped? http://www.artberman.com/art-berman-shale-oil-hyped/ http://www.artberman.com/art-berman-shale-oil-hyped/#comments Sat, 08 Apr 2017 16:06:10 +0000 http://www.artberman.com/?p=6192 Art Berman – Is Shale Oil Over-Hyped?

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