The IEA opens its Electricity 2025 report by declaring we’re entering “a New Age of Electricity.” That’s nonsense. The agency has become a dishonest broker, pushing unrealistic renewable narratives. It may be time for the U.S. to reconsider its participation. A “New Age of Electricity,” if it truly existed, would involve more than just incremental growth in…| Art Berman
The prevailing opinion among analysts is that a tighter market in the third quarter of 2024 will push oil prices higher as demand exceeds supply. I’m skeptical of those bullish predictions because we've seen this movie before, and it ended badly. The U.S. Energy Information Administration (EIA) forecasts Brent crude…| Art Berman
The U.S. LNG industry has consistently misread supply and demand signals over the decades, from overestimating demand in the 1970s, to misjudging the effects of the shale revolution. Will it be different this time? The expansion of LNG (liquefied natural gas) infrastructure in the U.S. post-shale boom was driven by…| Art Berman