Publications: Notes at the Margin

Seeking Contemporaneous Information (June 29, 2015)

 

Those who follow the oil market--economists, analysts, company officials, reporters, everyone in short--have a dependent relationship with the US Department of Energy's Energy Information Administration and the energy agencies in other nations. They rely on these organizations for information but are often let down in this respect. What many have failed to recognize or acknowledge is that the information developed by other organizations such as the US Census Bureau and US Department of Commerce often provides a more complete, more contemporaneous view of a rapidly shifting situation. Indeed, the direction of supply-and-demand balances, the critical input for anticipating future price direction, can be derived from these data sooner than from "official" energy statistics.

 

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