rally
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ART BERMAN NEWSLETTER: JUNE 2021 (2021-5)
- June 6, 2021
- Posted by: Art Berman
- Category: Newsletter
4 Comments
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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The Great Artificial Oil Price Rally
- April 21, 2021
- Posted by: Art Berman
- Category: The Petroleum Truth Report
Markets are not nearly as suggestible as most analysts and investors. They are cheap and hate to over-pay.
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The Oil Price Rally Is Over
- April 6, 2021
- Posted by: Art Berman
- Category: The Petroleum Truth Report
The rally was over a few weeks ago but until late last week, there was hope it might resume its upward momentum. That seems unlikely for now.
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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.