Peak Oil, IHS Data and The Broken Clock  

Incensed by CERA's latest outlandish claim ("only we have the data", ignore those silly peak oilers and their claims that oil production will one day go into decline) Nate "The Last Sasquatch" Hagens has a look at the sorry predictive record of Daniel Yergin and co (mind you, he got one thing right).

We have been writing for almost 3 years on this site about the privatization of energy data by IHS Energy and the negative impact the lack of accuracy that CERA's historically optimistic claims are having on energy policy. The rebuttals and counteranalysis at TOD to CERAs assertions are too numerous to list. Today at the IHS Energy Conference in Houston, the CEO of IHS Energy, parent of CERA and other energy information agencies, asserted that Peak Oilers don't have the data to support their claims. This post is a brief rebuttal to this 'news' coming out of Houston, and a plea to refocus the questions to what is relevant and probable, not on what is irrelevant and unlikely.

Well right off the bat I should point out, with a track record like the one below, I'm not sure we want the data that IHS refers to**, but here are some excerpts from the Bloomberg story this afternoon. I should also state that it's not CERA's fault that the traditional media still seems to fawn over their every assurance. ...