Art Berman
Oil markets just saw a sharp shift. But prices dipped this morning as markets catch on to what looks like a supply and price head fake. WTI jumped $11.62, or…
Are world leaders clueless, energy blind, staging political theater—or all of the above? The Biden administration has announced new rules to restrict certain natural gas water heaters, aiming to cut…
Wind and solar fanboys love citing Lazard’s LCOE charts to claim renewables are cheaper than fossil fuels. But ask them to explain those charts, and the conversation ends fast. Even…
The U.S. has enough gas for LNG exports and domestic needs, but it’ll raise consumer prices, says a new DOE report. That’s like saying you’re healthy but staying alive will…
“Control oil, and you control nations; control food, and you control people.” Whether Henry Kissinger said this or not is unclear, but its truth is undeniable. By that logic, the…
The Assad regime collapsed early Sunday following a rebel offensive that captured Damascus, ending five decades of authoritarian rule. The Hayat Tahrir al-Sham (HTS) insurgents, led by Mohammed al-Julani, encountered…
OPEC should abandon production cuts and quotas, letting members focus on their own interests. The oil market is too big to control, even for major producers. It’s unlikely, but a…
Society worships technology and innovation as modernity’s saviors, but the evidence says otherwise. Productivity gains are better explained by increases in world oil supply than by clever humans and our…
Natural gas prices jumped over 50% from $2.26 on October 18 to $3.43 on November 26, sparking talk of a rally. Don’t get too excited—this is winter weather at work,…
The energy transition took some body blows in 2024. If you still believe decarbonization is inevitable and just a matter of time, read on. The surge in power demand from…
I get plenty of emails and comments thanking me for my work but expressing disappointment that I don’t offer solutions to the problems I describe. Asking for solutions misses the…
Energy, Economics, and the Limits of Growth: What Trump’s Victory Reveals About America’s Challenges
Peter Thiel claims that Trump’s election victory marks the collapse of liberalism, a public rejection of progressive academia, and the end of the technocratic deep state. Pippa Malmgren calls it…