Art Berman
Markets are not nearly as suggestible as most analysts and investors. They are cheap and hate to over-pay.
Read MoreThe rally was over a few weeks ago but until late last week, there was hope it might resume its upward momentum. That seems unlikely for now.
Read MoreMonthly oil prices have nearly quadrupled since April 2020 and that has some analysts talking about an oil super-cycle. What nonsense.
Read MoreThe obvious conclusions from this crisis are that 27% reliance on wind is a big risk and that Texas’s unregulated electric grid system is a train wreck.
Read MoreThe idea that gas price might soar this winter because of lower production reflected a profound misunderstanding of how natural gas markets work. It was natural gas amateur hour.
Read MoreMany of the wells that were turned off were not shale wells and they’ll never be turned on again.
Read MoreIt doesn’t matter whether wells are newly drilled and completed or DUCs—there are simply too few wells being added to maintain present levels of production.
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