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U.S. Dept. of Energy's insight and direction: missing in action

GasBuddy Blog -- When people who follow the oil industry try to look ahead most of us, I think it’s safe to say, do so with vision that is often predicated on (and perhaps impaired) by powerful assumptions. Commentary on where oil and gasoline prices may be going is easy to find; but what’s difficult is finding credibility that emerges from conviction and that can only materialize when we have proof that our assumptions are correct.

Last month the U.S. Dept. of Energy’s Energy Information Administration published its 2012 DOE Annual Energy Outlook & Forecast to 2035. If you're expecting to find insight on how the government looks ahead, you'll be disappointed.

According to the DOE, “the projections in the U.S. Energy Information...

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Submitted Aug 01, 2012 By: PD

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honda0105 Champion Author Tallahassee Posts:18,828 Points:1,637,220 Joined:Nov 2008	Message Posted: Aug 5, 2012 2:23:30 AM Ignore honda0105 Report Abuse outlook schmoutlook. My crystal ball is just as good in predicting the way as theirs.
bikerchicklette Champion Author Washington Posts:5,889 Points:1,300,745 Joined:Sep 2005	Message Posted: Aug 3, 2012 3:58:41 AM Ignore bikerchicklette Report Abuse ok
SkooterG Champion Author Phoenix Posts:1,369 Points:344,185 Joined:May 2012	Message Posted: Aug 2, 2012 8:36:54 AM Ignore SkooterG Report Abuse 'Insight' and 'government' don't mix.
livedream Champion Author Michigan Posts:3,845 Points:782,010 Joined:Mar 2011	Message Posted: Aug 2, 2012 8:26:50 AM Ignore livedream Report Abuse This doesn't surprise me......
snappytom2 Champion Author Corpus Christi Posts:3,634 Points:278,955 Joined:Jul 2008	Message Posted: Aug 2, 2012 8:19:21 AM Ignore snappytom2 Report Abuse Hmm.
ezone Champion Author Florida Posts:2,455 Points:965,565 Joined:Oct 2008	Message Posted: Aug 2, 2012 8:09:58 AM Ignore ezone Report Abuse Yesterday's article, yesterday's news.
Go_E85 Champion Author Orange County Posts:2,359 Points:181,655 Joined:Dec 2007	Message Posted: Aug 2, 2012 8:05:55 AM Ignore Go_E85 Report Abuse ...
jd2009 Champion Author Honolulu Posts:4,269 Points:1,312,680 Joined:Jan 2009	Message Posted: Aug 2, 2012 8:05:42 AM Ignore jd2009 Report Abuse Ok
bell05 Champion Author Atlanta Posts:9,401 Points:1,902,585 Joined:Jun 2005	Message Posted: Aug 2, 2012 8:04:46 AM Ignore bell05 Report Abuse Yesterday's news.
texasvet Champion Author Texas Posts:3,890 Points:364,345 Joined:Jul 2009	Message Posted: Aug 2, 2012 8:00:30 AM Ignore texasvet Report Abuse In other words, it's worthless.
nztyraider Champion Author Nevada Posts:2,322 Points:716,205 Joined:Apr 2009	Message Posted: Aug 2, 2012 7:59:53 AM Ignore nztyraider Report Abuse Get Chuck Norris to find them.
stevekr Champion Author Sacramento Posts:2,381 Points:696,240 Joined:Jul 2008	Message Posted: Aug 2, 2012 7:52:46 AM Ignore stevekr Report Abuse Drill Here! Drill Now! Pay Less! For all of you doubters who have e-mailed me it doesn't work. Look at the price of American Crude vs. Brent Crude and then tell me that our prices aren't any lower as a result of of drilling on private land in the Dakotas and Pennsylvania!
Wood_Chopper All-Star Author South Carolina Posts:723 Points:1,180,635 Joined:Oct 2004	Message Posted: Aug 2, 2012 7:50:08 AM Ignore Wood_Chopper Report Abuse They always make their prognostications in a bubble
gass12 Champion Author Omaha Posts:8,528 Points:2,331,395 Joined:Oct 2005	Message Posted: Aug 2, 2012 7:48:30 AM Ignore gass12 Report Abuse They have a lot missing in action.
nascar1411 Champion Author Idaho Posts:2,028 Points:689,040 Joined:Nov 2010	Message Posted: Aug 2, 2012 7:43:00 AM Ignore nascar1411 Report Abuse ok
firechief Champion Author New York Posts:3,521 Points:2,091,150 Joined:Mar 2004	Message Posted: Aug 2, 2012 7:42:37 AM Ignore firechief Report Abuse yup for a long time know
mycar2 Champion Author Akron Posts:2,204 Points:2,382,270 Joined:Apr 2004	Message Posted: Aug 2, 2012 7:39:21 AM Ignore mycar2 Report Abuse does it surprise anyone
RUNNINONEMPTYFL Champion Author Florida Posts:1,408 Points:461,800 Joined:May 2011	Message Posted: Aug 2, 2012 7:37:57 AM Ignore RUNNINONEMPTYFL Report Abuse Here we go again...
uptherefiners Champion Author Chicago Posts:5,048 Points:1,002,000 Joined:Jun 2006	Message Posted: Aug 2, 2012 7:36:42 AM Ignore uptherefiners Report Abuse definition of oxymoron? U.S. Dept. of Energy's insight.
jimpeel Veteran Author Colorado Posts:462 Points:109,940 Joined:Mar 2005	Message Posted: Aug 2, 2012 7:36:12 AM Ignore jimpeel Report Abuse To assume makes an ass of u and me.
frugalking Champion Author Twin Cities Posts:1,067 Points:218,445 Joined:Mar 2010	Message Posted: Aug 2, 2012 7:35:33 AM Ignore frugalking Report Abuse This article is old.
rjd1608 Champion Author Toledo Posts:5,501 Points:1,957,705 Joined:Aug 2003	Message Posted: Aug 2, 2012 7:34:56 AM Ignore rjd1608 Report Abuse ok
TopGunn Champion Author Baltimore Posts:9,321 Points:2,643,005 Joined:Aug 2004	Message Posted: Aug 2, 2012 7:34:44 AM Ignore TopGunn Report Abuse Typical of worthless EIA. Been that way for decades.
vrossi46 Champion Author San Jose Posts:2,797 Points:829,695 Joined:Oct 2008	Message Posted: Aug 2, 2012 7:31:56 AM Ignore vrossi46 Report Abuse what do you expect of overpaid bureaucrats?
jep39 Champion Author California Posts:1,182 Points:1,248,985 Joined:Jun 2007	Message Posted: Aug 2, 2012 7:31:27 AM Ignore jep39 Report Abuse Another waste of government money, but it might have created jobs for more federal bureaucrats.
twiper1 Champion Author San Diego Posts:7,951 Points:1,632,840 Joined:Oct 2008	Message Posted: Aug 2, 2012 7:30:15 AM Ignore twiper1 Report Abuse all of obams's people MIA
arcaneradio Champion Author Michigan Posts:2,646 Points:514,940 Joined:Dec 2010	Message Posted: Aug 2, 2012 7:28:55 AM Ignore arcaneradio Report Abuse They have no problem burning our money when it comes to not looking for energy. Kick them out in November!
bevmill Champion Author Georgia Posts:2,716 Points:628,000 Joined:Apr 2006	Message Posted: Aug 2, 2012 7:28:33 AM Ignore bevmill Report Abuse Enjoyed the article.
repeater1 Champion Author Topeka Posts:8,437 Points:2,392,525 Joined:Oct 2005	Message Posted: Aug 2, 2012 7:27:28 AM Ignore repeater1 Report Abuse Never trust anything from DC
Discovery02 Champion Author Colorado Springs Posts:2,815 Points:337,390 Joined:May 2012	Message Posted: Aug 2, 2012 7:27:05 AM Ignore Discovery02 Report Abuse Need to find a government that works together for the good of the people...then we'll make progress.
Bigtex09 Champion Author Dallas Posts:4,422 Points:1,185,890 Joined:Oct 2009	Message Posted: Aug 2, 2012 7:26:39 AM Ignore Bigtex09 Report Abuse interesting
Grismer Champion Author Kitchener-Waterloo Posts:8,669 Points:1,750,770 Joined:Apr 2008	Message Posted: Aug 2, 2012 7:25:53 AM Ignore Grismer Report Abuse Good article.
littlebigboy Veteran Author South Dakota Posts:406 Points:1,395,695 Joined:May 2007	Message Posted: Aug 2, 2012 7:25:47 AM Ignore littlebigboy Report Abuse It's all a farce
jaccks Champion Author Kansas Posts:1,810 Points:2,181,070 Joined:Oct 2005	Message Posted: Aug 2, 2012 7:24:05 AM Ignore jaccks Report Abuse whatever
032946 Champion Author Twin Cities Posts:19,999 Points:4,070,770 Joined:Oct 2001	Message Posted: Aug 2, 2012 7:23:57 AM Ignore 032946 Report Abuse OK
CAD69 Champion Author Milwaukee Posts:3,342 Points:873,785 Joined:Nov 2010	Message Posted: Aug 2, 2012 7:22:04 AM Ignore CAD69 Report Abuse Ok
CPGas1815 Champion Author Michigan Posts:6,034 Points:1,101,695 Joined:Apr 2008	Message Posted: Aug 2, 2012 7:21:43 AM Ignore CPGas1815 Report Abuse I am more concerned that gasoline prices have increased more than 30 cents per gallon during the past 3 weeks.
rippertoo Champion Author Tacoma Posts:5,890 Points:1,168,560 Joined:Jan 2010	Message Posted: Aug 2, 2012 7:21:06 AM Ignore rippertoo Report Abuse How do you predict the unpredictable?
cobbwebb Champion Author New Hampshire Posts:1,624 Points:565,470 Joined:Sep 2011	Message Posted: Aug 2, 2012 7:19:52 AM Ignore cobbwebb Report Abuse no kidding
madison8359 Champion Author Cleveland Posts:9,325 Points:1,620,995 Joined:Apr 2008	Message Posted: Aug 2, 2012 7:18:43 AM Ignore madison8359 Report Abuse Another meaningless report at tazpayer expense.
svspyda Champion Author San Jose Posts:1,748 Points:354,985 Joined:May 2012	Message Posted: Aug 2, 2012 7:17:55 AM Ignore svspyda Report Abuse we hv to believe our judgement.:-)
hangupanddrive Champion Author Michigan Posts:2,084 Points:1,222,710 Joined:Aug 2005	Message Posted: Aug 2, 2012 7:14:27 AM Ignore hangupanddrive Report Abuse Not sure about anything these days. Articles are easily one sided. Who do we believe?
JimL1 Champion Author Phoenix Posts:8,314 Points:1,258,495 Joined:Jul 2003	Message Posted: Aug 2, 2012 7:13:43 AM Ignore JimL1 Report Abuse This whole article rates a big fat DUH!
h2ojumper Champion Author Austin Posts:2,695 Points:734,135 Joined:Feb 2011	Message Posted: Aug 2, 2012 7:13:18 AM Ignore h2ojumper Report Abuse ok
nervous Sophomore Author Ventura Posts:222 Points:4,565 Joined:Oct 2010	Message Posted: Aug 2, 2012 7:12:34 AM Ignore nervous Report Abuse FYI Hads up folks, A storm looks like it's going to form (move into) in the Gulf of Mex. on the 10th/12th of this month and it looks like it can be big enough to effect production. I hope the models back off!
RAC110 Champion Author Massachusetts Posts:6,052 Points:1,872,330 Joined:Mar 2003	Message Posted: Aug 2, 2012 7:11:44 AM Ignore RAC110 Report Abuse if all this talk was manure you could grow corn 1 mile high
mossimo36 Champion Author St. Louis Posts:2,829 Points:523,575 Joined:Sep 2011	Message Posted: Aug 2, 2012 7:10:12 AM Ignore mossimo36 Report Abuse ok
gasoutherneagle Champion Author Georgia Posts:2,249 Points:737,410 Joined:Sep 2008	Message Posted: Aug 2, 2012 7:08:59 AM Ignore gasoutherneagle Report Abuse I need a shovel to get through this crap!
PoohMcGoo Champion Author Alabama Posts:3,122 Points:822,810 Joined:Dec 2010	Message Posted: Aug 2, 2012 7:06:15 AM Ignore PoohMcGoo Report Abuse Our Govt, look ahead.. More like, they're in over their head.
OOXXFF Champion Author Greensboro Posts:3,193 Points:1,105,905 Joined:Sep 2009	Message Posted: Aug 2, 2012 7:04:56 AM Ignore OOXXFF Report Abuse Really?