Sunday, August 29, 2004

US Department of Energy Website has bogus graphs.

Check out: US Dept of Energy Oil Forecast

In figure 96 for 2002 total offshore + lower48 oil production was 4.6M barrels per day. Add Alasksa in figure 98 (1M barrels per day) and I calculate 5.6Mb/day. However figure 99 says that the total is 9.2MB/day. Does 4.6+1.0=9.2? (the true number for 2002 was 7.6MB/day, according to BP Oil historical trends since 1980 and oil reserve estimates).

These figures don't add up! The US DOE web site is totally misleading and should be audited. I love their statement that oil could be $16.49/barrel in 2025 and the highest it could possibly go is $34.90 per barrel. They are dreaming or worse.

1 Comments:

At 10:00 AM, Blogger Robert said...

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