Thursday, July 30, 2015

UP OR DOWN

OIL OUTPUT? That figure was well known in the industry. However, once big foot government intruded with its Energy Information Administration(EIA)...that figure has been anything but known. Sheer guessing is what one EIA official conceded pointing out that billions of dollars relies 24/7 on such knowledge and the EIA should be doing more than guessing,(WSJ C-1;07-30-15).

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