Art Berman @aeberman12
I am a geologist and writer, and mainly do petroleum-related work. artberman.com Houston, Texas Joined March 2009-
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The United States is a respectable, second-tier world oil reserve holder similar to Libya Reserves are about half of Russia's, 1/3 of Iraq's, & about 1/5 of Iran's & Saudi Arabia's #energy #OOTT #oilandgas #WTI #CrudeOil #fintwit #OPEC #Commodities
U.S. proved oil reserves reached a new record in 2022 Reserves declined from 1969 to 2006 then increased with deepwater Gulf of Mexico and Tight Oil #energy #OOTT #oilandgas #WTI #CrudeOil #fintwit #OPEC #Commodities
You're the only one I've heard saying that @rbl1973 Is it because California refineries are designed for heavier, sour crude inputs?
No, what @JesseMatchey ? You think it's a good idea to destroy the basis of human wealth? That's a losing bet.
No, what @JesseMatchey ? You think it's a good idea to destroy the basis of human wealth? That's a losing bet. https://t.co/QM03FA19zU
That's a very narrow focus @OssyOutrigger The bigger picture is that the West is in an energy & materials war & the other side holds most of the cards, & has a plan which the West does not. Take that to a Las Vegas odds maker! #geopolitics #politics #politicsToday #economy…
That's a very narrow focus @OssyOutrigger The bigger picture is that the West is in an energy & materials war & the other side holds most of the cards, & has a plan which the West does not. Take that to a Las Vegas odds maker! #geopolitics #politics #politicsToday #economy… https://t.co/kmNQmTgjWN
ECOCIDE It needs to be an offense under international law to hold corporations & individuals accountable for environmental damage @NJHagens & @PellaThiel discuss Ecocide and The Rights of Nature LINK👇 youtube.com/watch?v=JgRlgK… #energy #energyTransition #ClimateActionNow…
Who are these guys? --Butch Cassidy "The threat has changed, particularly for Israeli ships or those linked to the UK or US that are operating within the assessed weapons range within the Indian Ocean.” lloydslist.com/LL1149009/Hout… #geopolitics #politics #politicsToday
Sorry @OxfurnROI but you have to look at the wider picture. We ARE doing business with this and other enemies because that's how trade in a connected world works. Get over the idea that the US controls the world. That ended decades ago. We're too strapped with debt now.
Sorry @OxfurnROI but you have to look at the wider picture. We ARE doing business with this and other enemies because that's how trade in a connected world works. Get over the idea that the US controls the world. That ended decades ago. We're too strapped with debt now. https://t.co/1YSamRTaPB
Crude is starting May on the back foot as Brent slips below $85 for first time since mid-March bloomberg.com/news/articles/… #energy #OOTT #oilandgas #WTI #CrudeOil #fintwit #OPEC #Commodities
When good news is bad news Forward hedging at high prices means companies will lose money if power prices stay low. That means they will have to reduce Capex & sell assets to meet financial goals ft.com/content/6ca0fa… #energy #energyTransition #ClimateActionNow #renewables…
True for Big Oil & ALL INDUSTRIES including the GREEN INDUSTRY I'm not justifying Big Oil. Just saying that the reality is much wider than this single- and narrow-focus issue drilled.media/news/hearingdo… #energy #energyTransition #ClimateActionNow #renewables #NetZero #FossilFuels
The need for reserve capacity to cover shortfalls in wind and solar generation is set to reach 9.2 gigawatts, double the amount put aside for the last heating season bloomberg.com/news/articles/… #energy #energyTransition #ClimateActionNow #renewables #NetZero #FossilFuels #CoalTwitter
"If any particular manufacture was necessary, indeed, for the defence of the society...it might not be unreasonable that all the other branches of industry should be taxed in order to support it." --Adam Smith marxists.org/reference/arch… @TheMichaelEvery
"If any particular manufacture was necessary, indeed, for the defence of the society...it might not be unreasonable that all the other branches of industry should be taxed in order to support it." --Adam Smith marxists.org/reference/arch… @TheMichaelEvery https://t.co/P0yqnMu0yz
I like cheap oil almost as much as I'd like no oil @DaveRothwell8 I don't think a lot of people have any idea what they want
I like cheap oil almost as much as I'd like no oil @DaveRothwell8 I don't think a lot of people have any idea what they want https://t.co/k1YfkyKrBH
Disagree @Bad_cmpany Russia will sell its Uranium elsewhere. We're the losers.
Disagree @Bad_cmpany Russia will sell its Uranium elsewhere. We're the losers. https://t.co/Tlw04EadbO
"Oil market fundamentals remain tighter than expected so far" reuters.com/markets/commod… #energy #OOTT #oilandgas #WTI #CrudeOil #fintwit #OPEC #Commodities
U.S. crude oil inventories swelled last week by 4.9 mmb, while gasoline and distillate stockpiles fell --API reuters.com/business/energ… #energy #OOTT #oilandgas #WTI #CrudeOil #fintwit #OPEC #Commodities
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76K Followers 509 Following BloombergNEF (BNEF) is a strategic research provider covering global commodity markets & disruptive technologies driving the transition to a low-carbon economy.@aeberman12 Who knew, right? If only we had been taught what they actually said, and not what some wanted to believe they said. Now where has that happened in the past before….? 🤔🤔🤔
@aeberman12 @BALOOS Art, you have by far the most realistic view of our climate situation of anyone I’ve read lately. Most people (even climate scientists) are engaged in the kind of magical thinking that has no relationship to reality.
@aeberman12 @NJHagens @thegoodtomchi TBH i had turned it off halfway through. I gave the rest a listen and agree he "gets it" enough He hasn't grok'd that all technology (technique+energy) is net negative and thus civilization is necessarily unsustainable or maybe his privilege won't admit it. Deep thinker tho
This is a powerful struggle and one of my biggest criticisms of the obsession around "carbon-free" energy. It completely ignores many other aspects of society and impact on the environment and ultimately is a road to nowhere. YES we need to make changes for the betterment of
We must end the delusion that we can substitute one form of energy for another, and that it will solve all our problems. #energy #energyTransition #ClimateActionNow #renewables #NetZero #FossilFuels @elzuaren
@aeberman12 And thanks for the link, interesting thought experiments indeed.
@WeatherProf I've shared this before. We (not us😉) are addicted, more isn't enough. x.com/aeberman12/sta…
There is no energy transition; only addition of new energy sources like renewables. There is no decline in fossil energy use, only a decrease in its percentage of total consumption. content.csbs.utah.edu/~mli/Economics… #OOTT #fintwit #Commodities #energy #energyTransition #ClimateActionNow
@aeberman12 This picture looks like Maracaibo Lake
@aeberman12 Great presentation Art. youtu.be/RQm2wt7-kPU?si…
@dadothreee @aeberman12 Most specialists like economists have tunnel vision and put all weight on their area of expertise. What if man is not solely economic, but also values social factors such as tradition, loyalty and duty? It is these latter losses that are relatively more keenly felt today by the…
@aeberman12 @NJHagens So much to write, so I went with a 'like'.
@aeberman12 @More_cheap_oil I think this is clear for most Europeans, but likely more difficult to understand from inside...
@aeberman12 Senator Graham is crazy warmonger, who loves wars more than anything...
“Energy is the economy” @aeberman12 - It shouldn’t take Chinese statistics to see this basic physical fact 👍
So for 10 months, the key opinion-havers on the CN economy ruminated and marinated and tweaked their explanations for What Is Going On.. Their jobs would surely be easier if they were closely following power consumption all this time. I do these updates for free y'know!🙃 - End
@SheDrills @aeberman12 The point isn't to promote a position - it's to get people to look at all the risks when they're making long term investments.
@aeberman12 Yes, someone sent me a link to your website after I predicted US oil production would be “flat at best” for 2024 on a few podcasts last December. It’s nice to see there are at least a handful of people working independently who align on the situation. I don’t have access to any…
@aeberman12 True, thats different, thanks. Lets see what Israel does.
@unquacked88499 @GeraldKutney I don't think there are any other plausible explanations for this correlation, but it would be interesting if there was. x.com/aeberman12/sta…
Earth temperature and energy consumption have a statistically perfect correlation from 1970 through 2022 Any more questions about climate change? #energy #energyTransition #ClimateActionNow #renewables #NetZero #FossilFuels
@aeberman12 @AukeHoekstra I completely agree! 😅