Will the real International Energy Agency please stand up?

By Kurt Cobb, Resource Insights

It was as if the International Energy Agency were appearing on the old American television game show To Tell the Truth last week as it offered a third contradictory forecast in the space of a year.

Will the International Energy Agency’s oil forecast be wrong again?

By Kurt Cobb, Resource Insights

The famous Danish physicist Niels Bohr once humorously observed, "Predictions are very difficult, especially about the future." And so, as the world considers yet another rosy oil supply forecast, this time from the Paris-based International Energy Agency, it is worth reviewing the agency's record.