When people talk about the energy transition, they mean replacing fossil fuels with renewables. The real shift is using less energy. Daniel Yergin argues this isn’t a transition but an energy addition—renewables are stacking on top of still-growing fossil fuel use. Net zero isn’t happening. "The energy transition is not just about energy; it…| Art Berman
Peak Oil was supposed to be a warning. When world production peaked, shortages, soaring prices, and economic collapse would follow. Twenty years ago, Matt Simmons made that case in Twilight in the Desert, arguing that if Saudi oil peaked, a global crisis was coming. The Peak Oil movement ran with it,…| Art Berman
People talk about addiction to oil but we're also addicted to electric power. I'm speaking from personal experience. Hurricane Beryl left over two million people in the Houston area without power this week. No electricity means no internet, air conditioning, TV, or appliances. With the internet down, people can't get…| Art Berman
The International Energy Agency (IEA) has become a dishonest broker of information because of its renewable energy bias. This week, it reported that there will be a staggering oil glut by the end of the decade. "Total supply capacity is forecast to rise to nearly 114 million barrels a day…| Art Berman
Since the 2020 pandemic, many things have changed, but nothing more than geopolitics. Wars and clashes that used to be largely national have given way to more regional conflicts that threaten to upend the current world order. The Ukraine War and Israel-Iran conflicts have the potential to lead to world…| Art Berman