Energy Blog

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.

Price Abdulaziz bin Salman’s comments this week mean that Russia’s interests are our interests and the West’s problems are not our problems. Welcome to the Second Cold War!

The level of oil investment over the last several years has been exactly right based on market price and investor expectations. The oil business is not a service industry nor is it part of the Consumer Protection Agency.

This is going to fundamentally re-structure the economy & probably the world order. Buckle up. It’s going to be a wild ride!

We are now experiencing the fourth oil shock. The removal of 5 mmb/d of Russian crude oil and condensate exports would be the biggest structural change to the oil market since the Iran-Iraq war in 1980.