Guest blog by S. A. Shelley: As is usual every spring, many large entities ranging from super major oil producers to large Wall Street firms and global organizations release annual energy statistics, reports and forecasts about the world’s energy state. Invariably discussed are subjects like energy mix, demand or supply projections. Often these entities will venture into discussing oil prices and associated forecasts. All those entities have big research budgets and teams of analysts, statisticians and economists pouring over mountains of data. However, even with all those highly paid personnel, and I suspect some added AI, those big entities are at best equal to the analysis undertaken by OWOE staffers, but more often than not, much worse. Apparently, nobody can beat curiosity, whisky and voodoo.
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