Newsletter

Energy Aware II

The Future of Oil

By Art Berman | August 3, 2023

I do not see any structural reason for longer-term high prices and correlative pressure to increase supply. The correct oil paradigm is supply-driven and price-constrained.

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Energy Aware II

Permian Production Will Not Peak Because of Depletion

By Art Berman | July 3, 2023

Goehring and Rozencwajg’s claim of Permian basin depletion is patently false.

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Energy Aware II

June 2023 Energy Newsletter

By Art Berman | June 1, 2023

The market has given up on the long-awaited China demand rebound.

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Energy Aware II

Banking Crisis: Oil Market Over-Reaction or Restraint

By Art Berman | May 5, 2023

Moody’s Analytics modeled some scenarios which suggest that a U.S. GDP decline of as much as 5% is possible over the next two to three years

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Energy Aware II

Art Berman Newsletter: April 2023 (2023-4)

By Art Berman | April 7, 2023

The real global macro for low probability-high impact events seems to be greater than we previously thought possible.

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Energy Aware II

Art Berman Newsletter: March 2023 (2023-3)

By Art Berman | March 7, 2023

I have little doubt that China’s oil demand will increase but what if it does not increase as much or as fast as some analysts expect?

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Energy Aware II

Art Berman Newsletter: February 2023 (2023-2)

By Art Berman | February 7, 2023

It is tempting to assume that inadequate investment will lead to much higher oil prices. But what if demand follows supply lower as it did during the last five oil-price shocks from 1974 to 2020?

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Energy Aware II

Art Berman Newsletter: January 2023 (2023-1)

By Art Berman | January 5, 2023

High oil prices are a failing grade for the system. The oil bulls either do not understand this or are so selfishly motivated that they don’t care if the world is in trouble as long as they are making money.

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Energy Aware II

Art Berman Newsletter: December 2022 (2022-10)

By Art Berman | December 7, 2022

The oil-price decrease over the last month shows that investors have finally learned what the market has known since June. Supply is not “incredibly tight.”

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Energy Aware II

Art Berman Newsletter: October 2022 (2022-9)

By Art Berman | October 5, 2022

Oil is a complex part of a complex system. OPEC+ is trying to play God with the world’s master resource. That is an arrogant fool’s errand.

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Energy Aware II

Art Berman Newsletter: September 2022 (2022-8)

By Art Berman | September 1, 2022

The world is in energy shock. A major economic contraction seems inevitable. The world order that has existed since the end of World War II is ending. It’s a lot to take in.

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Energy Aware II

Art Berman Newsletter: August 2022 (2022-7)

By Art Berman | August 4, 2022

Old-paradigm analysts believe that oil demand must revert to ever-higher levels which supply simply cannot meet. In fact, the opposite is true. The correct oil paradigm is supply-driven and price-constrained.

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