EIA
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ART BERMAN NEWSLETTER: JULY 2021 (2021-6)
- July 6, 2021
- Posted by: Art Berman
- Category: Newsletter
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When Jeff Currie says that $4 or $5 gasoline is not a problem because the economy is strong, I’m sure he’s right for Goldman Sachs’ clients. I doubt he talks to the second economy in the UK where he works. I wonder if his company isn’t already shorting oil.
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ART BERMAN NEWSLETTER: JUNE 2021 (2021-5)
- June 6, 2021
- Posted by: Art Berman
- Category: Newsletter
Investors demanded fiscal & growth discipline from tight oil. Tight oil delivered but investors are uninterested because there’s no growth story. Bait-and-switch.
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ART BERMAN NEWSLETTER: APRIL 2021 (2021-3)
- April 1, 2021
- Posted by: Art Berman
- Category: Newsletter
We’re near the end of a price increase that began at less than zero back to the where prices were before the pandemic. That’s a recovery not a rally.
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ART BERMAN NEWSLETTER: NOVEMBER 2020 (2020-10)
- December 3, 2020
- Posted by: Art Berman
- Category: Newsletter
The time from well start to enough production to offset base decline is almost a year—six times EIA’s estimate. It is nearly impossible for U.S. production to be flat at 11 mmb/d for 2021.
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COMPARATIVE INVENTORY & NATURAL GAS STORAGE REPORT OCTOBER 9, 2020 (2020-19)
- October 9, 2020
- Posted by: Art Berman
- Category: Gas Comparative Inventory
The longer term forecast shows that markets will be closer to supply-demand balance going forward than in 2018 and 2019.
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Stop Expecting Oil and the Economy to Recover
- September 3, 2020
- Posted by: Art Berman
- Category: The Petroleum Truth Report
It is unlikely that either oil supply or demand will ever return to 2018 levels.
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Comparative Inventory & Natural Gas Storage Report June 26, 2020 (2020-4)
- June 26, 2020
- Posted by: Art Berman
- Category: Gas Comparative Inventory
For prices, comparative inventory is primary and weather is secondary.
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Comparative Inventory and Natural Gas Storage Report June 8, 2020 (2020-1)
- June 8, 2020
- Posted by: Art Berman
- Category: The Petroleum Truth Report
Gas markets are more over-supplied than they have been in 2.5 years and that the over-supply is increasing for now. That is hardly a bullish signal for gas prices.
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A Natural Gas Price Play is Wishful Thinking
- June 3, 2020
- Posted by: Art Berman
- Category: The Petroleum Truth Report
Lower production of associated gas does not logically account for the complexity of natural gas markets. Conventional wisdom is, after all, based on conventional thinking.
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Art Berman Newsletter: April 2020 (2020-3)
- May 6, 2020
- Posted by: Art Berman
- Category: Newsletter
Much lower oil prices are inevitable in all scenarios once the false optimism of the present oil rally is recognized.