Energy Blog
The story of a big oil glut is based on some of the worst analysis I’ve seen in years. It’s pure groupthink, yet investors are acting on it—at their peril.…
The IEA opens its Electricity 2025 report by declaring we’re entering “a New Age of Electricity.” That’s nonsense. The agency has become a dishonest broker, pushing unrealistic renewable narratives. It may be…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…