Peak Oil, IHS Data and The Broken Clock

We have been writing for almost 3 years on this site about the privatization of energy data by IHS Energy and the negative impact the lack of accuracy that CERA’s historically optimistic claims are having on energy policy. The rebuttals and counteranalysis at TOD to CERAs assertions are too numerous to list. Today at the IHS Energy Conference in Houston, the CEO of IHS Energy, parent of CERA and other energy information agencies, asserted that Peak Oilers don’t have the data to support their claims. This post is a brief rebuttal to this ‘news’ coming out of Houston, and a plea to refocus the questions to what is relevant and probable, not on what is irrelevant and unlikely.


Well right off the bat I should point out, with a track record like the one above, I’m not sure we want the data that IHS refers to, but here are some excerpts from the Bloomberg story this afternoon. I should also state that it’s not CERA’s fault that the traditional media still seems to fawn over their every assurance.

The Oil Drum