Energy Contrarian

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The Energy Transition is Being Led by a Clown Car

By Art Berman | February 21, 2024

Renewable energy capacity is expected to expand dramatically in the next few decades in order to get climate change under control. Because wind and solar are intermittent sources of electric…

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Renewables Are Not the Cheapest Form of Power

By Art Berman | February 15, 2024

The CEO of TotalEnergies believes that the renewable transition will lead to higher—not lower—energy prices. That’s a very different view from the popular belief that renewable energy prices are falling…

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Betting the World on an Imaginary Energy Future

By Art Berman | February 7, 2024

Government leaders tell us that the world is moving toward a renewable energy future. At the recent COP 28 climate meeting in the United Arab Emirates, those leaders agreed to…

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Energy Aware II

Bakken Break-Even Prices Threaten Profits

By Art Berman | January 28, 2024

The Bakken Shale play is following the same pattern of declining well performance that I have shown for the Permian and Eagle Ford in recent weeks. Bakken break-even prices have…

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Energy Aware II

Draining America First—The Beginning of the End for Shale Gas

By Art Berman | January 23, 2024

The United States is the biggest producer of natural gas in the world and recently became the largest exporter of LNG. The industry is scrambling to build LNG (liquefied natural…

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A Renewable Energy Future Will Collapse the Financial System

By Art Berman | January 20, 2024

Energy is the economy. That’s a radical concept because most people think that the economy runs on money. It doesn’t. What is energy? It is the potential or capacity to…

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Doomberg Embarrasses Himself

By Art Berman | January 14, 2024

Doomberg’s recent views about oil on Thoughtful Money were painfully amateurish and often just wrong. I have always respected Doomberg even when I disagreed with him but I was embarrassed…

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Beginning of the End for the Permian

By Art Berman | January 4, 2024

Permian basin and Eagle Ford oil recoveries have both fallen by 30% and Bakken has declined by almost 20%. Those plays accounted for two-thirds of U.S. output in 2023. That…

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The OPEC Artificial Oil Supply Deficit is Becoming Real

By Art Berman | October 23, 2023

Rising oil prices would result in a substantial slump in the global economy and deflation of commodity prices including oil.

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The Extreme Case for Oil Price

By Art Berman | October 15, 2023

Unless a detente is quickly arranged, oil prices could potentially retrace the early 2022 rally toward $120 per barrel

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Fatih Birol’s “I Have A Dream” Speech is Wrong

By Art Berman | September 15, 2023

Birol should but will not state that the only solution to climate change is greatly reduce consumption of all energy, not just fossil fuels.

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The Big Lie About Fossil Fuel Subsidies

By Art Berman | September 2, 2023

The IMF’s message is opportunistic, journalistically dishonest and more appropriate to Fox News than to an international opinion leader and supposedly honest broker.

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