Energy Blog

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…

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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,…

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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…

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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…

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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.

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Energy Blog

What The Market Knows About Oil’s Future

By Art Berman | July 27, 2023

The idea that electric vehicles may displace gasoline reflects a fundamental ignorance about the oil refining process. The idea that a green energy transition is reshaping society ignores the way the world really works.

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Energy Blog

Oil’s March to $100 or Just Another Little Rally?

By Art Berman | July 18, 2023

I just don’t see any extraordinary structural change about to happen that is outside of what is normal and expected for oil markets.

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Energy Blog

OPEC Cuts vs An Incredibly Tight Market: Both Cannot Be True

By Art Berman | June 9, 2023

Demand is weak enough that Saudi Arabia needs to cut 1 mmb/d but OPEC projects demand growth to a record 103 mmb/d in 2023.

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Energy Blog

OPEC+ Ouching Toward Bethlehem: Blog May 28, 2023

By Art Berman | May 29, 2023

It is presumptuous to think that the world’s largest commodity market can be managed. It’s impossible.

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Energy Blog

AI is so Much Scarier Than Deep Fakes

By Art Berman | May 24, 2023

A.I. experts are warning us about a black swan event. We’ve seen a few of those just in the last 15 years.

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Energy Blog

Bear Market Math

By Art Berman | May 23, 2023

What part of a bear market don’t oil analysts understand?

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Energy Blog

Why Are Oil Prices Crashing?

By Art Berman | December 7, 2022

Oil prices are not returning to $100 nor is the economy returning to normal.

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