Peak oil group presses EIA to temper optimistic crude outlook
Article by Gary Gentile, Edited by Robert DiNardo
Representatives from The Association for the Study of Peak Oil & Gas USA (ASPO) met for two hours on December 17 with EIA Administrator Adam Sieminski and EIA staff to discuss concerns laid out in an October letter. Specifically, the group wanted to learn more about how EIA compiles the data that leads to its projections of US and international crude output and to offer alternative sources of data and expertise to aid in that effort.
It was the first time the group had ever met with the EIA, ASPO Executive Director Jan Lars Mueller told Platts in a recent interview.
“We wanted to figure out how we can better work with EIA,” Mueller said. “We did not expect them to embrace” our point of view he said. “We think they need to be open. Otherwise, they’ll be more subject to confirmation bias.”
In the meeting, ASPO representatives pressed the need for projections for future oil and gas supply to “properly consider technical and economic factors that may constrain US domestic production,” the group said in a follow-up report to its members. The group also emphasized that EIA and its parent agency, the Department of Energy, “need to recognize broader trends that may be increasing the risk of a world oil crisis.”
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