242. EIA LOWERS ITS PEAK FORECAST

Interesting update from Freddy Hutter over at Trendlines:

Feb 18th, 2006 - Today's graph updates the ASPO & EIA Scenarios. While Colin Campbell's change is minor, an increase in the production peak to 86-mbd from 85, EIA has dramatically cutback and extended its projection of a 113-mbd peak in 2025 to 102-mbd in 2030. Neither of the models propose a change in URR. Compare the new EIA outlook with the graph below to appreciate the magnitude of this change. While we have chosen to illustrate EIA's "high price case" once again, its base case scenario has been revised to 118-mbd from 121-mbd.

The graphs are available at the above link.

-- by JD