Energy Blog

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,…

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…

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…

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.

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.

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

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.

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

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

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

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

Europe’s energy crisis, the war in Ukraine, and escalation of U.S. – Chinese tensions over Taiwan are all part of a struggle to dominate remaining fossil resources as well as new energy sources.