Forget peak oil. Forget peak demand. The thing is peak refinery throughput capacity.
Michael Warren
Electric Vehicles Still Run on Oil
Thursday, August 28, 2025
China’s hottest EV sector: cars with internal combustion engines. Who knew?
Op-Ed: The Peak Oil Myth is Back—and It’s Still a Myth
Friday, July 25, 2025
The shale story goes that the easy targets have all been drilled. But today’s easy targets were yesterday’s hard targets. The skeptics, as always, are blind to the roles of shale experience and technology.
The Peak Oil Myth is Back Again (and It’s Still a Myth)
Friday, July 18, 2025
Why is EOG calling the top in shale drilling while buying more shale properties?
Israel and Iran: Is the Fix In?
Monday, June 16, 2025
If this is a swap of Ukraine for Iran, it could stabilize the Middle East potentially forever.
Deregulate, Sanction and Tariff, Baby, Deregulate, Sanction and Tariff!
Wednesday, March 26, 2025
Trump unleashes fossil fuel production at home, and crushes it in Iran and Venezuela.
Oil Under Trump: War and Peace, but Mostly Deregulation
Wednesday, November 20, 2024
Deregulation removes deadweight costs, promoting both lower prices and higher profits.
The Game Changes for Russian Crude
Monday, August 26, 2024
Price-caps flopped. The Urals discount is gone. Russian infrastructure is now under attack.
Oil Weirdly in Balance
Friday, June 14, 2024
Middle East black swans notwithstanding, the oil market is pretty squared away.
Our Hot Take on Iran’s Attack on Israel
Sunday, April 14, 2024
The allies who saved Israel quote Don Corleone: “I want no acts of vengeance.”