Summary Empirical data does not support multiple recent allegations that the EIA’s reporting or forecasts are “wrong.” The wave of frivolous accusations against the EIA in the blogosphere preys on the least protected category of investors. A competent, independent, bias-free EIA must be safeguarded. This idea was discussed in more depth with members of my private investing community, Zeits OIL ANALYTICS . Bashing the EIA (U.S. Energy Information Administration) has become trendy of late among a certain category of bloggers. However, the allegations that the agency’s analytics are “wrong” often turn out to be without substance or even without demonstrated understanding of what the EIA does. Disappointingly, the outbreak of the “can’t trust the EIA” fever among sensation-seeking amateur writers has coincided with less-than thought-out criticisms by some respected industry insiders and weak coverage of the subject by major financial news outlets. Unmerited attacks on the agency can produce […]