Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: BigBull who wrote (86927)	2/12/2001 11:42:23 AM
From: Think4Yourself	Read Replies (1) of 95453

Believe most of the knowledgeable old timers on the thread would agree with my statement regarding the IEA. Would anyone who thinks the IEA should be considered reputable after their vehement insistance that there were 300 million missing barrels of oil floating around last year please speak up? They never even had the guts to admit they were wrong. They tried to erase their screwup using the same faulty methods that created it, by increasing their demand estimates above what was reasonable. The failure of that strategy is what you are quoting. Am I the only one who remembers the pros on this thread saying the IEA demand estimates going forward were way too high about 9 months back?

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