tight oil
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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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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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Natural Gas Amateur Hour: The Supply Shortage That Never Was
- January 22, 2021
- Posted by: Art Berman
- Category: The Petroleum Truth Report
The idea that gas price might soar this winter because of lower production reflected a profound misunderstanding of how natural gas markets work. It was natural gas amateur hour.
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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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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 August 14, 2020 (2020-11)
- August 14, 2020
- Posted by: Art Berman
- Category: Gas Comparative Inventory
A monthly avgerage January price of $3.25-$4.00 wouldn’t surprise me but that’s hardly anomalous or a supply crisis.
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Art Berman Newsletter: July 2020 (2020-6)
- August 5, 2020
- Posted by: Art Berman
- Category: Newsletter
Oil prices are stalled in the low $40s for WTi and mid-$40s for Brent. Producer behavior indicates that prices need to be lower.
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Art Berman Newsletter: June 2020 (2020-5)
- July 6, 2020
- Posted by: Art Berman
- Category: Newsletter
I expect that $40 to $45 will be the WTI price range for the rest of 2020 barring a serious supply interruption.
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Comparative Inventory & Natural Gas Storage Report July 3, 2020 (2020-5)
- July 3, 2020
- Posted by: Art Berman
- Category: Gas Comparative Inventory
Production surges are time-limited by the price signals sent by markets telling producers they have over-shot demand.
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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.