The decade that blew up energy predictions

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The decade that blew up energy predictions

Oil

America’s energy sources, like booming oil and crumbling coal, have defied projections and historical precedents over the last decade.

Why it matters: It shows how change can happen rapidly and unexpectedly, even in an industry known to move gradually and predictably. With a new decade upon us, let’s look back at the last one’s biggest, most surprising energy changes.

Where it stands: The following five charts show the U.S. Energy Information Administration projections for the future from a decade ago, along with current EIA data to compare those projections with what actually has happened.

Driving the news: The stark differences are driven by myriad factors not included in the decade-old projections, including policy changes and ever-more efficient technology extracting oil and gas. Read the full article here

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