Optimistic, but unwarranted, energy supply forecasts permeate the media (courtesy of the oil and gas industry) even as the occasional dire scenario gets coverage. But, it is well to remember that none of the people making forecasts can know the one thing they all desperately want to know: the future.The most important thing you need to understand about forecasts–any forecast–is that their accuracy deteriorates rapidly, the further they go into the future. Surprisingly, almost no one who makes public energy supply forecasts acknowledges this;…
via OilPrice.com Daily News Update http://oilprice.com/Energy/Energy-General/Why-Risk-Management-Plays-Such-a-Large-Role-in-our-Energy-Future.html
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Prometheus Institute 