Energy Blog

Oil Comparative Inventory

The End of Growth: Why Oil Prices are Falling

By Art Berman | September 18, 2024

Paradigms hold on until they can no longer offer believable explanations for what’s happening. Oil markets and the global economy are now in the middle of such a shift. On…

Read More
Energy Blog

Falling Natural Gas Prices: A Warning to Producers and Investors

By Art Berman | August 18, 2024

Natural gas prices have gotten so low that many companies are curtailing production. Last week’s average spot price of $1.88 per million British thermal units (mmBtu) was 31 percent below…

Read More
Oil Comparative Inventory

I’m Skeptical of the Higher Oil-Price Meme

By Art Berman | July 27, 2024

The prevailing opinion among analysts is that a tighter market in the third quarter of 2024 will push oil prices higher as demand exceeds supply. I’m skeptical of those bullish…

Read More
Energy Blog

LNG Blows It Again

By Art Berman | June 29, 2024

The U.S. LNG industry has consistently misread supply and demand signals over the decades, from overestimating demand in the 1970s, to misjudging the effects of the shale revolution. Will it…

Read More
Energy Aware

A Renewable Energy Transition Violates The Maximum Power Principle

By Art Berman | May 18, 2024

We all want solutions to the world’s many crises but do we understand the underlying problems? Everything in nature, including human society, relies on energy for production, consumption, recycling, and…

Read More
Energy Blog

Oil Markets Were Unwise But Right in the Israel-Iran Crisis

By Art Berman | April 24, 2024

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…

Read More
Energy Blog

What the Oil and Commodity Bulls Are Missing

By Art Berman | March 24, 2024

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…

Read More
Energy Aware II

Telling the Truth About Our Future

By Art Berman | February 27, 2024

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…

Read More
Energy Blog

The LNG Export Pause is Irrelevant

By Art Berman | February 11, 2024

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,…

Read More
Energy Blog

Aramco Development Halt Has Nothing to Do With Oil Demand

By Art Berman | January 31, 2024

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…

Read More
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…

Read More
Energy Blog

Another Oil Meme Bites The Dust: Tight Supply Turns to Oil Surplus

By Art Berman | August 23, 2023

What perplexes me most about mainstream analysts is their certitude about reductionist cause-and-effect axioms that become memes when enough of them repeat what the other said.

Read More