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PRX Bulletin: USDOE AEO 2016 Crude Oil Price "Model" Parallels PRX  
 
Produced by Bill Hudson

The DOE emphasized that the "forecast" is not a "prediction" but rather a "modeled projection," much like what we do in the PRX Blue Sky Model.

Here's what DOE says in TODAY IN ENERGY: Tuesday, May 17, 2016, EIA's Annual Energy Outlook is a projection, not a prediction.

The U.S. Energy Information Administration provides a long-term outlook for energy supply, demand, and prices in its Annual Energy Outlook (AEO). This outlook is centered on the Reference case, which is not a prediction of what will happen, but rather a modeled projection of what might happen given certain assumptions and methodologies. Today, EIA released an annotated summary of the AEO2016 Reference Case--which includes the Clean Power Plan--and a side case without the Clean Power Plan.

Anyway, the projection is just in time for questions at tomorrow's PRX Strategic Roundtable in KC.

 
Bill
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Bill Hudson
The ProExporter Network 

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The analysis above is not intended as a trade recommendation. The analysis and forecasts are based on available public data and on the best judgment of PRX, but cannot be guaranteed to conform to future reality.