Energy Aware

Energy Aware

The Oil and Energy Macro

By Art Berman | May 2, 2024

U.S. oil reserves reached a new record in 2022. Crude oil and condensate proved reserves exceed 48 billion barrels (Figure 1). Reserves declined from 1969 to 2006 then increased with…

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Energy Aware

Almost Everything is About Oil in the Middle East

By Art Berman | April 18, 2024

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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Energy Aware

Radical Acceptance of the Human Predicament

By Art Berman | April 6, 2024

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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Energy Aware

Peak Oil is Dead–Long Live Peak Oil

By Art Berman | March 13, 2024

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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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 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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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 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…

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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…

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