Harrop: gasping at gas

…The faulty forecasts, Groppe says, reflect a reliance on the flawed work of the International Energy Agency. His group gathers its own data.

For example, the IEA last year forecast a major rise in production by nations outside of the Organization of Petroleum Exporting Countries. The actual increase was tiny.


“The Saudis made a mistake taking the IEA forecast seriously and cutting production when they should not have done it,” Groppe said.

That raised prices to the point where consumers started using less energy. The Saudis want us hooked.

Creators Syndicate