EIA & HFI Research
Blue is EIA Estimates From 914 Surveys
Green is Drillinginfo Estimates
Red is Actual Data From Texas Railroad Commission
August EIA to TRC: +698,000
________________________________________________________________________________________________
Nah!
Chart is courtesy of Art Berman, Labyrnith Consulting Service, Inc., with Art's choice Of applicable quotes:
"It was as useless to fight against the interpretations of ignorance as to whip the fog."
George Eliot, Middlemarch
This large discrepancy in estimated data and real data allows Oilystuffblog.com the opportunity to re-introduce, from a previous post, the Directors of the EIA and the IEA, whose respective organizations are all over the map with production estimates, wild-ass guesses about oil prices and predictions about the future of LTO production in America:
