Richard Zeits: EIA bashers should check their own numbers. Archived here if link breaks. Summary --
- empirical data does not support multiple recent allegations that the EIA's reporting or forecasts are "wrong"
- the wave of frivolous accusations against the EIA in the blogosphere preys on the least protected category of investors
- a competent, independent, bias-free EIA must be safeguarded
- forecast: a drawdown of 4 million bbls
- actual: a drawdown of 7.382 million bbls
- EIA data will be out tomorrow
- Australia:
- South Australia: is projected to spike to $600/MWh later today
- Victoria: is projected to spike to $600/MWh later today
- New England: spiked to $150/MWh earlier today
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