The Oil Drum

But Sir, these data are from our democratic government!! Surely you aren't implying that Gee Dubyah would actually LIE to the 'merikan sheeple! Wouldn't that be grounds for impeachment?

{sarcasm off}

E. Swanson

BrianT, see my question - do you have any proposals.

What is this oil-stock-guesswork once a week good for?
Why not every day (more detail) or every month (less noize) ??

(Suggestions appreciated)

I have far more confidence in the reporting of the data from the EIA than most other sources. As they stressed, over and over again during the two-day Conference in DC, their data gathering procedures (and the statistical approach they take) is pretty straight forward.

It's their projections that leave something to be desired.

Great data, not so great projections in a number of areas. They (the EIA, and Guy Caruso in particular) offered some reasons as to why this has been so and what they are doing to address a projection approach that is and has been dominated by demand side factors as opposed to the supply side.

Yesterday afternoon, there was some fairly technical and astute observations of the macroeconomics trends, why some "signals"s seen in the past aren't having the same the effect (or perhaps it was more accurate to say a greater delay)that they did in the past.

Those of us whom stayed to the "bitter-end" heard some interesting observations on vicious cycle (sounds like positive feedback) that we are now in.