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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:18,609 Points:1,608,545 Joined:Nov 2008	Message Posted: Aug 5, 2012 5:23:30 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:1,296,720 Joined:Sep 2005	Message Posted: Aug 3, 2012 6:58:41 AM Ignore bikerchicklette Report Abuse ok
SkooterG Champion Author Phoenix Posts:1,359 Points:328,585 Joined:May 2012	Message Posted: Aug 2, 2012 11:36:54 AM Ignore SkooterG Report Abuse 'Insight' and 'government' don't mix.
livedream Champion Author Michigan Posts:3,680 Points:754,085 Joined:Mar 2011	Message Posted: Aug 2, 2012 11:26:50 AM Ignore livedream Report Abuse This doesn't surprise me......
snappytom2 Champion Author Corpus Christi Posts:3,546 Points:274,545 Joined:Jul 2008	Message Posted: Aug 2, 2012 11:19:21 AM Ignore snappytom2 Report Abuse Hmm.
ezone Champion Author Florida Posts:2,416 Points:945,385 Joined:Oct 2008	Message Posted: Aug 2, 2012 11:09:58 AM Ignore ezone Report Abuse Yesterday's article, yesterday's news.
Go_E85 Champion Author Orange County Posts:2,223 Points:174,355 Joined:Dec 2007	Message Posted: Aug 2, 2012 11:05:55 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 11:05:42 AM Ignore jd2009 Report Abuse Ok
bell05 Champion Author Atlanta Posts:9,250 Points:1,875,635 Joined:Jun 2005	Message Posted: Aug 2, 2012 11:04:46 AM Ignore bell05 Report Abuse Yesterday's news.
texasvet Champion Author Texas Posts:3,823 Points:360,120 Joined:Jul 2009	Message Posted: Aug 2, 2012 11:00:30 AM Ignore texasvet Report Abuse In other words, it's worthless.
nztyraider Champion Author Nevada Posts:2,273 Points:692,575 Joined:Apr 2009	Message Posted: Aug 2, 2012 10:59:53 AM Ignore nztyraider Report Abuse Get Chuck Norris to find them.
stevekr Champion Author Sacramento Posts:2,353 Points:690,030 Joined:Jul 2008	Message Posted: Aug 2, 2012 10:52:46 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:721 Points:1,171,820 Joined:Oct 2004	Message Posted: Aug 2, 2012 10:50:08 AM Ignore Wood_Chopper Report Abuse They always make their prognostications in a bubble
gass12 Champion Author Omaha Posts:8,384 Points:2,302,740 Joined:Oct 2005	Message Posted: Aug 2, 2012 10:48:30 AM Ignore gass12 Report Abuse They have a lot missing in action.
nascar1411 Champion Author Idaho Posts:1,893 Points:661,340 Joined:Nov 2010	Message Posted: Aug 2, 2012 10:43:00 AM Ignore nascar1411 Report Abuse ok
firechief Champion Author New York Posts:3,441 Points:2,065,400 Joined:Mar 2004	Message Posted: Aug 2, 2012 10:42:37 AM Ignore firechief Report Abuse yup for a long time know
mycar2 Champion Author Akron Posts:2,105 Points:2,357,140 Joined:Apr 2004	Message Posted: Aug 2, 2012 10:39:21 AM Ignore mycar2 Report Abuse does it surprise anyone
RUNNINONEMPTYFL Champion Author Florida Posts:1,408 Points:460,700 Joined:May 2011	Message Posted: Aug 2, 2012 10:37:57 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 10:36:42 AM Ignore uptherefiners Report Abuse definition of oxymoron? U.S. Dept. of Energy's insight.
jimpeel Veteran Author Colorado Posts:462 Points:107,415 Joined:Mar 2005	Message Posted: Aug 2, 2012 10:36:12 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 10:35:33 AM Ignore frugalking Report Abuse This article is old.
rjd1608 Champion Author Toledo Posts:5,356 Points:1,929,030 Joined:Aug 2003	Message Posted: Aug 2, 2012 10:34:56 AM Ignore rjd1608 Report Abuse ok
TopGunn Champion Author Baltimore Posts:9,181 Points:2,615,305 Joined:Aug 2004	Message Posted: Aug 2, 2012 10:34:44 AM Ignore TopGunn Report Abuse Typical of worthless EIA. Been that way for decades.
vrossi46 Champion Author San Jose Posts:2,672 Points:804,920 Joined:Oct 2008	Message Posted: Aug 2, 2012 10:31:56 AM Ignore vrossi46 Report Abuse what do you expect of overpaid bureaucrats?
jep39 Champion Author California Posts:1,146 Points:1,225,615 Joined:Jun 2007	Message Posted: Aug 2, 2012 10:31:27 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:7,827 Points:1,605,085 Joined:Oct 2008	Message Posted: Aug 2, 2012 10:30:15 AM Ignore twiper1 Report Abuse all of obams's people MIA
arcaneradio Champion Author Michigan Posts:2,522 Points:490,955 Joined:Dec 2010	Message Posted: Aug 2, 2012 10:28:55 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:2,572 Points:599,345 Joined:Apr 2006	Message Posted: Aug 2, 2012 10:28:33 AM Ignore bevmill Report Abuse Enjoyed the article.
repeater1 Champion Author Topeka Posts:8,298 Points:2,364,845 Joined:Oct 2005	Message Posted: Aug 2, 2012 10:27:28 AM Ignore repeater1 Report Abuse Never trust anything from DC
Discovery02 Champion Author Colorado Springs Posts:2,550 Points:309,690 Joined:May 2012	Message Posted: Aug 2, 2012 10:27:05 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:4,283 Points:1,158,310 Joined:Oct 2009	Message Posted: Aug 2, 2012 10:26:39 AM Ignore Bigtex09 Report Abuse interesting
Grismer Champion Author Kitchener-Waterloo Posts:8,529 Points:1,723,070 Joined:Apr 2008	Message Posted: Aug 2, 2012 10:25:53 AM Ignore Grismer Report Abuse Good article.
littlebigboy Veteran Author South Dakota Posts:392 Points:1,376,765 Joined:May 2007	Message Posted: Aug 2, 2012 10:25:47 AM Ignore littlebigboy Report Abuse It's all a farce
jaccks Champion Author Kansas Posts:1,760 Points:2,168,515 Joined:Oct 2005	Message Posted: Aug 2, 2012 10:24:05 AM Ignore jaccks Report Abuse whatever
032946 Champion Author Twin Cities Posts:19,855 Points:4,043,070 Joined:Oct 2001	Message Posted: Aug 2, 2012 10:23:57 AM Ignore 032946 Report Abuse OK
CAD69 Champion Author Milwaukee Posts:3,201 Points:845,265 Joined:Nov 2010	Message Posted: Aug 2, 2012 10:22:04 AM Ignore CAD69 Report Abuse Ok
CPGas1815 Champion Author Michigan Posts:6,027 Points:1,099,605 Joined:Apr 2008	Message Posted: Aug 2, 2012 10:21:43 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:5,750 Points:1,140,860 Joined:Jan 2010	Message Posted: Aug 2, 2012 10:21:06 AM Ignore rippertoo Report Abuse How do you predict the unpredictable?
cobbwebb Champion Author New Hampshire Posts:1,624 Points:544,020 Joined:Sep 2011	Message Posted: Aug 2, 2012 10:19:52 AM Ignore cobbwebb Report Abuse no kidding
madison8359 Champion Author Cleveland Posts:9,014 Points:1,592,320 Joined:Apr 2008	Message Posted: Aug 2, 2012 10:18:43 AM Ignore madison8359 Report Abuse Another meaningless report at tazpayer expense.
svspyda Champion Author San Jose Posts:1,668 Points:338,985 Joined:May 2012	Message Posted: Aug 2, 2012 10:17:55 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 10:14:27 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:8,217 Points:1,241,520 Joined:Jul 2003	Message Posted: Aug 2, 2012 10:13:43 AM Ignore JimL1 Report Abuse This whole article rates a big fat DUH!
h2ojumper Champion Author Austin Posts:2,555 Points:706,660 Joined:Feb 2011	Message Posted: Aug 2, 2012 10:13:18 AM Ignore h2ojumper Report Abuse ok
nervous Sophomore Author Ventura Posts:221 Points:4,545 Joined:Oct 2010	Message Posted: Aug 2, 2012 10:12:34 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:5,949 Points:1,851,545 Joined:Mar 2003	Message Posted: Aug 2, 2012 10:11:44 AM Ignore RAC110 Report Abuse if all this talk was manure you could grow corn 1 mile high
mossimo36 Champion Author St. Louis Posts:2,660 Points:495,875 Joined:Sep 2011	Message Posted: Aug 2, 2012 10:10:12 AM Ignore mossimo36 Report Abuse ok
gasoutherneagle Champion Author Georgia Posts:2,249 Points:737,410 Joined:Sep 2008	Message Posted: Aug 2, 2012 10:08:59 AM Ignore gasoutherneagle Report Abuse I need a shovel to get through this crap!
PoohMcGoo Champion Author Alabama Posts:3,067 Points:799,835 Joined:Dec 2010	Message Posted: Aug 2, 2012 10:06:15 AM Ignore PoohMcGoo Report Abuse Our Govt, look ahead.. More like, they're in over their head.
OOXXFF Champion Author Greensboro Posts:3,058 Points:1,078,430 Joined:Sep 2009	Message Posted: Aug 2, 2012 10:04:56 AM Ignore OOXXFF Report Abuse Really?