Art Berman
The Middle East seemed to be on the brink of war last week and oil prices fell. Was the market wrong? Brent futures price closed at $90.45 per barrel on…
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Perhaps the most extraordinary part of Iran’s April 13 attack on Israel was that it was countered by a coalition that included Jordan, Saudi Arabia and the United Arab Emirates…
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The latest conflict between Iran and Israel just made Europe’s already precarious energy and economic situation a lot worse. Many analysts and politicians are celebrating Europe’s resilience after losing its…
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How will climate change and destruction of the natural world affect the future? No one knows for sure but most-likely outcomes don’t look very good unless we do something radically…
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The oil bulls have come out of hibernation. Last week, the IEA (International Energy Agency) raised its oil demand forecast. This week, the EIA (U.S. Energy Information Administration) increased its…
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Technology and innovation are overrated. They are the twin messiahs that are supposed to save us from ourselves if we only believe and pray hard enough. They won’t and there’s…
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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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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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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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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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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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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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