Oily Stuff

I am not sure exactly how I feel about this article, and the EIA, but it is important none the less and very much worth the read. The consequences of bad data are indeed significant; I believe the EIA is partially responsible for the illusion of shale oil abundance and definitely influenced the draining of the SPR by Biden beginning 2021. Having said that, data-sell companies in the U.S 

can for sure no longer be trusted. I once suggested the EIA be doge'd but perhaps that is not correct. 

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Perhaps this old post explains my position a little better and why the EIA may be necessary, but can also create bad information that causes problems. Another example of bad information may be the 400,000 BOPD growth prediction in the U.S for 2025 that now may not grow at all. Data is different than predictions and when the EIA takes it upon itself to predict oil production out 18 months,

that's just a wild ass guess. 

The SPR, by the way, has still not been refilled and Trump, a big believer in limitless oil supplies in the U.S.,

has no intention of refilling it: 

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https://www.oilystuff.com/single-post/bad-estimates-cause-problems

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