Art Berman
The world is in metacrisis. That means that many crises are occurring simultaneously and affecting one another. This calls for rethinking the nature of problem-solving. Root causes should be identified…
The International Energy Agency (IEA) has become a dishonest broker of information because of its renewable energy bias. This week, it reported that there will be a staggering oil glut…
There is no energy transition, no paradigm shift or green revolution. Acknowledging this stark reality sooner rather than later will allow us to focus on devising strategies for managing the…
President Biden’s attempt at reviving U.S. industrial policy is likely to fail, as it comes two decades too late to effectively compete with China. The greater concern is that the…
We all want solutions to the world’s many crises but do we understand the underlying problems? Everything in nature, including human society, relies on energy for production, consumption, recycling, and…
Since the 2020 pandemic, many things have changed, but nothing more than geopolitics. Wars and clashes that used to be largely national have given way to more regional conflicts that…
U.S. oil reserves reached a new record in 2022. Crude oil and condensate proved reserves exceed 48 billion barrels (Figure 1). Reserves declined from 1969 to 2006 then increased with…
The Middle East seemed to be on the brink of war last week and oil prices fell. Was the market wrong? Brent futures price closed at $90.45 per barrel on…
Perhaps the most extraordinary part of Iran’s April 13 attack on Israel was that it was countered by a coalition that included Jordan, Saudi Arabia and the United Arab Emirates…
The latest conflict between Iran and Israel just made Europe’s already precarious energy and economic situation a lot worse. Many analysts and politicians are celebrating Europe’s resilience after losing its…
How will climate change and destruction of the natural world affect the future? No one knows for sure but most-likely outcomes don’t look very good unless we do something radically…
The oil bulls have come out of hibernation. Last week, the IEA (International Energy Agency) raised its oil demand forecast. This week, the EIA (U.S. Energy Information Administration) increased its…