US: EIA five-year oil price projections missed both ways, from −61% to +164%
Five-year-ahead projections of 15 AEO editions 2005–2019: the outcome above the projection 5 times, below 10; errors both ways. The largest miss: AEO2005 expected 29 US dollars per barrel (nominal) for 2010, the outcome was 76 (+164%).
Source: US EIA, Annual Energy Outlook RetrospectiveOpen on the chart →