$this->bbcode_second_pass_quote('', 'A')lso on Tuesday, the U.S. Energy Department released its annual long-term world energy forecast. The agency predicted that the price of oil, when adjusted for inflation, would decline between 2007 and 2015 as investments made in recent years of historically high prices bring new supplies to the market.
After that, the Energy Department said it expects prices to resume an upward trend, bringing average real prices (in 2005 dollars) by 2030 to more than $59 a barrel. In nominal terms, that would be equivalent to about $95 a barrel. The agency said it expects OPEC to adjust its output over the next 25 years to try to keep average prices between $50 and $60 -- a range it is already trying to achieve.
PeakOil is You
Annual world energy forecast
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Annual world energy forecast
by UncoveringTruths » Tue 05 Dec 2006, 13:38:49
Oil Prices Rise on Weather, OPEC Worries
It's a cold cold world when a man has to pawn his shoes.
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Re: Annual world energy forecast
by NeoPeasant » Tue 05 Dec 2006, 13:55:27
Wow, what a relief. You guys had me worried. Now I can confidently go shopping for that new minivan that I put off buying in 2004 due to the PO hype. 
I think I'll print off a copy of the EIA report, seal it in an envelope, and open it in 2030 to see how accurate it was.
I think I'll print off a copy of the EIA report, seal it in an envelope, and open it in 2030 to see how accurate it was.
The battle to preserve our lifestyle has already been lost. The battle to preserve our lives is just beginning.
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Re: Annual world energy forecast
by pup55 » Tue 05 Dec 2006, 15:46:30
EIA Archive
Better yet, go back into their archive and check the results of their previous brilliant forecasts. Here's their 1999 forecast. You can see what a good job they have done.
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Re: Annual world energy forecast
by Dreamtwister » Tue 05 Dec 2006, 15:53:18
$this->bbcode_second_pass_quote('pup55', 'Y')ou can see what a good job they have done.
BWAHAHAHAHAHA!
Wait a minute...that's not funny...
The whole of human history is a refutation by experiment of the concept of "moral world order". - Friedrich Nietzsche
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Re: Annual world energy forecast
by dukey » Tue 05 Dec 2006, 17:59:53
i think a 2yo with a crayon could have done a better job of predicting future oil price ..
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Re: Annual world energy forecast
by TommyJefferson » Tue 05 Dec 2006, 18:26:52
$this->bbcode_second_pass_quote('pup55', 'H')ere's their 1999 forecast.
Ouch!
Conform . Consume . Obey .
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Re: Annual world energy forecast
by Concerned » Wed 06 Dec 2006, 05:46:47
$this->bbcode_second_pass_quote('pup55', '[')url=http://img240.imageshack.us/my.php?image=1999aeoforecastvsactualgu2.jpg]
[/url]
EIA Archive
Better yet, go back into their archive and check the results of their previous brilliant forecasts. Here's their 1999 forecast. You can see what a good job they have done.
[/url]EIA Archive
Better yet, go back into their archive and check the results of their previous brilliant forecasts. Here's their 1999 forecast. You can see what a good job they have done.
*snicker*
I wonder if the people who constantly blast Campbell for getting the exact peak date wrong, ever point the finger at a whole agency, big budget etc... who totally failed to get a handle on the oil energy picture.
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-Italian Proverb
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