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114 comments on Oilwatch Monthly - February 2008
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114 comments on Oilwatch Monthly - February 2008
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It seems to me that a logical approach would be to basically ignore the near term IEA data, which appear to be guesstimates, and wait for the EIA to update their data, so that it would be somewhat more of an apples to apples comparison, so the last two months of IEA data on the graph would be chopped off, and the revised IEA data for November would be shown.
Yeah, that would be better. If a high production figure is posted in the initial OMR, we get a bunch of deniers saying "told you so". In the last two OMR's, the previous monthly figure has been revised sharply down, but that never seems to make the headlines. The IEA only says production increased by huge amounts, because of this that or the other. It is all analysis that is made worthless the following month when it's not unheard of to find that the figure actually went down, not up.
But I've asked a number of times if anyone has access to the full data. The figures posted here are, presumably, using the last publicly available figures but revisions can go on for months after that. Are the figures used in Oilwatch Monthly (when they're correct) from the actually data base or from the free information?