NPR

Energy Supplies And Prices Have Grown More Unpredictable

Energy analysts are getting worse at predicting how much oil and gas will come out of the ground in the future, a new study finds.

A lot of smart people spend a lot of time trying to predict how much oil and gas is going to come out of the ground in the future.

Lately, they've been getting it wrong.

"Unpredictability, measured as the frequency of extreme errors in ... projections, has increased in the most recent decade," according to an unusual by a team at Carnegie Mellon

You're reading a preview, sign up to read more.

More from NPR

NPR1 min read
Imogen Heap: Tiny Desk Concert
Imogen Heap takes us through her many musical talents, from her Frou Frou musical partner, Guy Sigsworth — and their first new song in 17 years — to an extraordinary performance with musical gloves.
NPR3 min readPolitics
Biden Defends Comments About Working With Segregationist Lawmakers
"You don't have to like the people, in terms of their views," Joe Biden said Wednesday night, as other Democratic candidates piled on criticism.
NPR1 min read
Spoon Releases New Song, 'No Bullets Spent'
The new track, the band's first since 2017, comes ahead of a best-of collection due out July 26 on Matador Records.