Art Berman
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…
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…
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…
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…
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…
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…
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…
It seems reasonable that oil demand will fall as the number of electric vehicles (EV) increases. Unfortunately, there is no support for that popular belief. In fact, the data suggests…
It’s easy to be an oil bear these days. WTI has fallen almost $20 per barrel since mid-September and OPEC+ seems to have lost its ability to do much about…
Permian basin and Eagle Ford oil recoveries have both fallen by 30% and Bakken has declined by almost 20%. Those plays accounted for two-thirds of U.S. output in 2023. That…
Marco Raugei and Chris Nelder spent 75 minutes tilting at straw men on Nelder’s The Energy Transition Show last month. After the discussion with Raugei, Nelder launched into a 30-minute…
Among the most frustrating parts of discussions about the human predicament is the widespread belief that nuclear energy is the answer. It’s not. If money were not a consideration—but it…