Friday, July 08, 2016 3:38:30 AM
NO ONE GOVERNS THE HONESTY OF AN EIA REPORT!
The Energy Information Administration (EIA) is the statistical and analytical agency within the U.S. Department of Energy. EIA disseminates independent energy information.
"By law, EIA’s data, analyses, and forecasts are independent of approval by any other officer or employee of the United States Government, so the views expressed herein should not be construed as representing those of the Department of Energy or any other Federal agency."
In other words, "by law" the EIA has no one to answer to for it's data reports. It's analyses, and forecasts are independent of approval by any employee of the United States Government. By law, the opinions and data reported by the EIA have nothing to do with any Federal agency including the President of the United States or the damned Pope! They can do and say as they damned well please! They answer to no one!
The EIA says the recent decline in crude oil prices since mid-2014 and resulting decline in drilling activity in tight oil plays and in crude oil production over the past year, will continue into 2017, and has increased the forecasted share of net imports in overall U.S. petroleum consumption over the next few years. However, the EIA says that domestic crude oil production will reduce the net import share to less than 10% by 2040.
So there you go, the friggin EIA can report anything its wants to and now one can do a thing about it including the %^GH#@ President of the United States. How you like them apples?
https://www.eia.gov/pressroom/testimonies/howard_06222016.pdf
You have my permission to copy and paste this information all over the Internet 10,000 times if you want to!
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