Based on self-evaluations conducted each year, the Department of Energy’s Energy Information Administration (EIA) has found that it has done “fairly well” when projecting production and consumption of natural gas, but that it has done “fairly poorly” when forecasting gas prices, an EIA analyst told a House subcommittee Thursday.
Tag / Evaluations
SubscribeEvaluations
Articles from Evaluations
EIA Analyst Says Agency Has ‘Fairly Poor’ Record for Forecasting Gas Prices
Based on self-evaluations conducted each year, the Department of Energy’s Energy Information Administration (EIA) has found that it has done “fairly well” when projecting production and consumption of natural gas, but that it has done “fairly poorly” when forecasting gas prices, an EIA analyst told a House subcommittee Thursday.
Voluntary Shut-Ins Possible Within Month, But There Are Naysayers
The prospect of the first significant voluntary production shut-ins in years is looming for the gas industry in about another month or so, according to an informal sampling of opinions among the trading community (“voluntary” means unrelated to a hurricane, pipeline maintenance or force majeure event). While a majority of sources fully expect to see such shut-ins beginning within a few weeks, it’s not a foregone conclusion, said a few dissenters.