[TheDude]

[dp]

[TheDude]

Among other bits of budget cuts at the EIA amounting to $15.2 million, leaving $95.4 in the kitty. Because, as we all know, if there's one of bit of absolutely dispensable pork in those trillions of dollars the Fed spews out on a yearly basis, it's a pittance dedicated to monitoring the international energy situation. Read about here: There Goes the Data: Major Cuts at EIA Washington | Gregor.us

I'm phoning my reps - what BS, and quite suspicious, frankly.

[cipi604]

What to do with all of those stats if you have no money to buy oil?!

[eXpat]

Out of sight, out of mind

[Nefarious]

If you don't want to see yourself going over the cliff...put a blindfold on.

[Pops]

Good, this information should be only available to those who can pay to have it collected themselves.

[TheDude]

$this->bbcode_second_pass_quote('', 'G')ood, this information should be only available to those who can pay to have it collected themselves.

[crude_intentions]

Another inconvient data black out. Just like the Fed and M3

[Pops]

$this->bbcode_second_pass_quote('TheDude', '')$this->bbcode_second_pass_quote('', 'G')ood, this information should be only available to those who can pay to have it collected themselves.

[TheDude]

Just fuming a bit more, I caught that you were being sardonic. Commentor at Gregor points out that this money could subsidize a small wind farm...lame article at MarketWatch recounting the basics is all I've picked up in the news. This will definitely be an article at TOD, and hopefully get some attention.

[DomusAlbion]

I'm good with this decision.

The European agency does a much better job of reporting world-wide oil production levels. I generally ignore what the EIA reports; there's too much corruption and politics afoot in all the US Administrations of the last 30 years.

[Pops]

$this->bbcode_second_pass_quote('TheDude', 'I')t's been demonstrated that US pressure on the former led to their pie-in-the-sky forecasts of the last decade, and who knows but they too might suddenly abandon monitoring global stats.

[Plantagenet]

$this->bbcode_second_pass_quote('TheDude', ' ')budget cuts at the EIA amounting to $15.2 million, leaving $95.4 in the kitty....I'm phoning my reps - what BS, and quite suspicious, frankly.

[seahorse3]

Just like when the Fed stopped publishing their M3 money supply figures, right as things were heating up.

[mos6507]

$this->bbcode_second_pass_quote('Nefarious', 'I')f you don't want to see yourself going over the cliff...put a blindfold on.

[TheDude]

Actually the EIA and other agencies are improbably precise. I always agreed with Jean Laherrère that venturing out into the land of decimal places with energy data was a bit silly. Also EIA dutifully report complete flat numbers for more than reserves, which is also unrealistic, and emblematic of producing nations just feeding them the same boilerplate month after month. But what else are you going to do? At least we could mull over the discrepancies - which tended to track each other, for whatever reason.

A few pieces showing up in the news, Kirsten Korosec for CBS's bNET, Michael Levi at the CFR. Gregor's was picked up by Business Insider. All are pointing out that we're saving a bright shiny nickel per American for this.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('TheDude', 'A')ctually the EIA and other agencies are improbably precise. I always agreed with Jean Laherrère that venturing out into the land of decimal places with energy data was a bit silly. Also EIA dutifully report complete flat numbers for more than reserves, which is also unrealistic, and emblematic of producing nations just feeding them the same boilerplate month after month.

[copious.abundance]

Yeah this is disappointing news. I suppose we'll have to construct a close proxy to "crude and condensate" production using IEA data.

Maybe the IEA will be nice and take up where the EIA left off.