Art Berman
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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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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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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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 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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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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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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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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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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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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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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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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