From artberman.com
Let's Stop Arguing About An Imaginary Energy Transition | Art Berman
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How did adoption of renewable energy become the drug of choice to treat the disease of climate change? No one knows. Wind and solar energy policies evolved over several decades without planning, leadership, effective communication, or stakeholder engagement. There was not---and is not---any...
on Jul 8
From artberman.com
Naïve Optimism vs Reality: The True State of Our Planet and Energy Future | Art Berman
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Last week, I spent time with oil CEOs who understood the complex environmental issues tied to energy but still believed everything would work out for humanity. Technology will fix most of the world’s problems, and progress will take care of the rest. Yesterday, the International Energy Agency...
on Thu, 10AM
From artberman.com
Dark Matter: Unseen Forces Shaping Our Climate and Future | Art Berman
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There’s a hidden framework that holds up our worldview—the rules, assumptions, and structures we rarely notice or question. Indy Johar calls this “dark matter.” It’s dark because it operates beneath the surface, unseen yet quietly shaping our perception of reality. We only notice it when it...
on Tue, 5AM
From artberman.com
Electric Vehicles and Renewables: Misleading Solutions to a Deeper Climate Crisis | Art Berman
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If you think electric vehicles and renewable energy will solve climate change, you’re missing the bigger picture. The problem runs deeper than technology alone can fix, so keep reading. Cars dominate our energy mindset just like gasoline prices are the main way we understand energy costs....
on Sep 25
From artberman.com
The End of Growth: Why Oil Prices are Falling | Art Berman
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Paradigms hold on until they can no longer offer believable explanations for what's happening. Oil markets and the global economy are now in the middle of such a shift. On Tuesday September 10, Brent futures price fell to its lowest level in three years as prices dropped more than $12…
on Sep 18
From artberman.com
It's Too Late For Renewables | Art Berman
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There is no energy transition, no paradigm shift or green revolution. Acknowledging this stark reality sooner rather than later will allow us to focus on devising strategies for managing the consequences of climate change, and the deteriorating state of earth's biosphere. This week, energy...
on Jun 7
From artberman.com
A Renewable Energy Transition Violates The Maximum Power Principle | Art Berman
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We all want solutions to the world's many crises but do we understand the underlying problems? Everything in nature, including human society, relies on energy for production, consumption, recycling, and sustainability. Therefore, to understand things, we must first examine how energy is turned...
on May 19
From artberman.com
Technology and Innovation are Overrated--Implications for AI | Art Berman
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Technology and innovation are overrated. They are the twin messiahs that are supposed to save us from ourselves if we only believe and pray hard enough. They won't and there's little evidence that they have made much of a difference over the last 50 years. I know. This is heresy.…
on Apr 5
From artberman.com
Doomberg Embarrasses Himself | Art Berman
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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 for him in this podcast discussion with my friend Adam Taggart. Doomberg thinks that he has made some big...
on Apr 5
From artberman.com
Peak Oil is Dead--Long Live Peak Oil | Art Berman
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Peak oil was fifty years ago. That was when the end of oil production growth resulted in the permanent decline in world GDP expansion. Peak oil was never about running out of oil. It was about understanding how declining oil supply would affect future economic growth. M. King Hubbert originated…
on Mar 14
From artberman.com
Beginning of the End for the Permian | Art Berman
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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 means that U.S. production will decline at some time in the relatively near-future. But wait---isn't the U.S. producing a record…
on Mar 13
From artberman.com
There's Nothing Confusing About Natural Gas Prices | Art Berman
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If you are confused by low natural gas prices then comparative inventory is your friend. Companies have over-produced gas, storage is exploding, and prices have fallen. Comparative inventory (C.I.) makes this crystal clear. U.S. natural gas C.I. was 370 bcf (billion cubic feet of gas) more than...
on Mar 13
From artberman.com
Telling the Truth About Our Future | Art Berman
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Renewable energy is a poor substitute for fossil fuels. That's because renewables are a diffuse form of energy and produce power only about one-third of the time. That doesn't stop renewable energy true-believers from trying to bend the laws of physics to tell a story that's not true. EROI** (energy…
on Mar 2
From artberman.com
The Energy Transition is Being Led by a Clown Car | Art Berman
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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 power, there needs to be a sound plan for energy storage or backup. From what I can tell, there is…
on Mar 1