SPEAKING OF REPORTS
While discussing U S D A fundamentals of reporting ups and downs - Could someone explain the weekly reports of the
ENERGY INFORMATION ADMINISTRATION ??????? and
American Petroleum Institute ?????????????????
I find with interest the information announcements of these groups and their effects on the US consumer - - -
Re: SPEAKING OF REPORTS
I do have some experience in the oil field -- minor and short lived-- but some good experience.
I would say it is not comparable. USDA does not use or collect information that well.... Jim isn't even required to Report his drilling sites or results. Participation is not required..
Oil and gas is reported and verified -- The data is available. Hard to hide instant sales reported by pipeline carriers and refiners.
Integrity -------- Well compared to relying on farmer reports.................... well...............well, well, well. Data on production is probably much more accurate in the energy field
They tend to lie more to investors and each other. They really know how to sell blue sky.