US: the EIA under-projected oil production in 12 of 15 five-year-ahead projections
Five-year-ahead projections of 15 AEO editions 2005–2019 under-projected oil production: the outcome was above the projection in 12 of 15 cases, median gap +20%. The largest miss: AEO2010 expected 5.8 million barrels per day for 2015, the outcome was 9.4.
Source: US EIA, Annual Energy Outlook RetrospectiveOpen on the chart →