Art Berman

Energy Contrarian Featured Image

Doomberg Embarrasses Himself

By Art Berman | January 14, 2024

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…

Read More
Energy Aware

Doomberg Goes Off the Rails

By Art Berman | January 12, 2024

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…

Read More
Oil Comparative Inventory

Comparative Inventory Tells Recent Oil Price Story

By Art Berman | January 11, 2024

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…

Read More
Energy Aware

Coal Magical Thinking from the IEA

By Art Berman | January 10, 2024

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…

Read More
Energy Aware

EVs Will Have No Effect on Oil Demand

By Art Berman | January 8, 2024

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…

Read More
Energy Blog

Why I’m Not an Oil Bear

By Art Berman | January 7, 2024

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…

Read More
Energy Contrarian Featured Image

Beginning of the End for the Permian

By Art Berman | January 4, 2024

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…

Read More
Energy Aware

Pessimists, Optimists and The Straw Man Fallacy

By Art Berman | December 20, 2023

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…

Read More
Energy Aware

Nuclear Is Not The Answer

By Art Berman | November 14, 2023

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…

Read More
Energy Aware

The Impossible Dream of Emissions Reduction

By Art Berman | October 31, 2023

Lowering CO2 emissions while also increasing energy consumption and GDP is an impossible dream.

Read More
Energy Contrarian Featured Image

The OPEC Artificial Oil Supply Deficit is Becoming Real

By Art Berman | October 23, 2023

Rising oil prices would result in a substantial slump in the global economy and deflation of commodity prices including oil.

Read More
Energy Contrarian Featured Image

The Extreme Case for Oil Price

By Art Berman | October 15, 2023

Unless a detente is quickly arranged, oil prices could potentially retrace the early 2022 rally toward $120 per barrel

Read More