Art Berman

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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Energy Contrarian Featured Image

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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Energy Aware

Can We Just Get Over Nuclear?

By Art Berman | January 16, 2024

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…

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Energy Aware

Climate change is a Narrow View of the Human Predicament

By Art Berman | January 15, 2024

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…

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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…

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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…

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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…

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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…

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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…

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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…

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