Art Berman
The Washington Post recently featured new research by Emily Judd and her team, reaffirming what scientists have long understood: CO2 and temperature are closely linked. What’s new is that this study…
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If you think electric vehicles and renewable energy will solve climate change, you’re missing the bigger picture. The problem runs deeper than technology alone can fix, so keep reading. Cars…
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Paradigms hold on until they can no longer offer believable explanations for what’s happening. Oil markets and the global economy are now in the middle of such a shift. On…
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We are witnessing a fundamental shift in oil markets, a structural phase-change. Oil prices hit their lowest point last week since June 2022, when the market was gripped by fears…
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To cut or not to cut, that is the question. I’m talking about OPEC, not the Federal Reserve—but both groups should read Hamlet’s soliloquy and contemplate the perils of hubris.…
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Tom Steyer has an impossible dream. “We are going to electrify the planet…We’re going to get off fossil fuels.” Tom Steyer He’s written a book called Cheaper, Faster, Better: How…
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Natural gas prices have gotten so low that many companies are curtailing production. Last week’s average spot price of $1.88 per million British thermal units (mmBtu) was 31 percent below…
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Many oil analysts believe that global oil supplies are tight, but markets don’t agree with them. In fact, markets haven’t indicated any signs of scarcity since the energy shocks that…
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When it comes to the debate between renewables and fossil fuels, almost everyone is a fanboy or fangirl. Inevitably, comparisons of power density, EROI, or cost among energy sources turn…
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The risk of global conflict has increased to its highest level in decades because of recent events in the Middle East. The targeted killings of Hamas leaders in Tehran and…
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Events in the Middle East suggest far more than the “challenging days ahead” mentioned by Israeli Prime Minister Benjamin Netanyahu. Iran was humiliated by a security failure that allowed the…
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The prevailing opinion among analysts is that a tighter market in the third quarter of 2024 will push oil prices higher as demand exceeds supply. I’m skeptical of those bullish…
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