Art Berman

Energy Aware

Peak Oil is Dead–Long Live Peak Oil

By Art Berman | March 13, 2024

Peak oil was fifty years ago. That was when the end of oil production growth resulted in the permanent decline in world GDP expansion. Peak oil was never about running…

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Energy Blog

There’s Nothing Confusing About Natural Gas Prices

By Art Berman | March 8, 2024

If you are confused by low natural gas prices then comparative inventory is your friend. Companies have over-produced gas, storage is exploding, and prices have fallen. Comparative inventory (C.I.) makes…

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Energy Aware II

Telling the Truth About Our Future

By Art Berman | February 27, 2024

Renewable energy is a poor substitute for fossil fuels. That’s because renewables are a diffuse form of energy and produce power only about one-third of the time. That doesn’t stop…

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The Energy Transition is Being Led by a Clown Car

By Art Berman | February 21, 2024

Renewable energy capacity is expected to expand dramatically in the next few decades in order to get climate change under control. Because wind and solar are intermittent sources of electric…

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Renewables Are Not the Cheapest Form of Power

By Art Berman | February 15, 2024

The CEO of TotalEnergies believes that the renewable transition will lead to higher—not lower—energy prices. That’s a very different view from the popular belief that renewable energy prices are falling…

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Energy Blog

The LNG Export Pause is Irrelevant

By Art Berman | February 11, 2024

Industry and gas-producing states are furious about the Biden Administration’s announcement to temporarily pause new approvals on pending Liquefied Natural Gas (LNG) exports. “Instead of addressing America’s real energy challenges,…

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Betting the World on an Imaginary Energy Future

By Art Berman | February 7, 2024

Government leaders tell us that the world is moving toward a renewable energy future. At the recent COP 28 climate meeting in the United Arab Emirates, those leaders agreed to…

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Energy Blog

Aramco Development Halt Has Nothing to Do With Oil Demand

By Art Berman | January 31, 2024

Saudi Aramco is abandoning plans made in 2020 to increase field production from 12 to 13 million barrels per day. The announcement has provoked analyst comments that the decision is…

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Energy Aware II

Bakken Break-Even Prices Threaten Profits

By Art Berman | January 28, 2024

The Bakken Shale play is following the same pattern of declining well performance that I have shown for the Permian and Eagle Ford in recent weeks. Bakken break-even prices have…

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Energy Aware II

Draining America First—The Beginning of the End for Shale Gas

By Art Berman | January 23, 2024

The United States is the biggest producer of natural gas in the world and recently became the largest exporter of LNG. The industry is scrambling to build LNG (liquefied natural…

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A Renewable Energy Future Will Collapse the Financial System

By Art Berman | January 20, 2024

Energy is the economy. That’s a radical concept because most people think that the economy runs on money. It doesn’t. What is energy? It is the potential or capacity to…

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Energy Aware II

Eagle Ford Shale–A Preview of Permian Decline

By Art Berman | January 17, 2024

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…

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