You Can't Trust the 2010 EIA Annual Energy Outlook

What the EIA Report Would Look Like if It Was Written by an Honest Person

Suppose you worked at the Energy Information Administration (EIA), the agency within the U.S. Department of Energy charged with keeping data and making projections on energy, and you had to produce an annual report with a scenario for the next 25 years.

Being an intelligent and informed investor, you might grapple with the $147 to $33 range in oil prices over the last year and try to imagine how such volatility might happen in the future.

And you’d most definitely ring the alarm bell that we’ve got a serious energy supply problem on our hands and we’d better do something about it, fast.

You’d probably point out that moving aggressively to renewables could solve the climate change problem, and do it without a global agreement on emissions.

But then, you’re not working for the EIA.

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