Energy Blog

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…

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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…

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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…

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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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