EIA to halt publication of key reports

The Energy Information Administration will suspend the weekly publication of the Petroleum Status Report, which comes out on Wednesdays, after furloughing staff on Friday because of the government shutdown.

With its crude oil and gasoline data, the report is key for traders, who will now have to rely on commercial studies from organizations such as the American Petroleum Institute. The problem is that the API report is incomplete, while paying subscribers receive it earlier than everybody else.

The EIA will also presumably suspend its natural gas inventory report, a study that is released on Thursdays.


From other sites
Comments (4)
  • PalmDesertRat
    , contributor
    Comments (3868) | Send Message
    there is no reason why this work cannot be done in the private sector.
    13 Oct 2013, 07:31 AM Reply Like
  • Envoy Global Research
    , contributor
    Comments (592) | Send Message
    This is a foolish argument and the suspension of the EIA is another horrible consequence of the government shutdown and is no help to the private market whatsoever.


    Suggesting that the private sector will produce these report, begs the question of who will pay for the work of the private sector to produce these reports? If we don't have money to pay the government to produce these then where does the money come from to pay the private sector?


    The benefit of having these EIA reports in the public sector is that they are done relatively cheaply and are available to Everyone in society at a negligible cost. This in turn benefits the private market, because key information, upon which investment decisions worldwide are made, is made more widely available, making the market more competitive and hence free. Turning over these types of reports to the private sector will simply eliminate wide availability of the information, and in turn undermine the type of free, competitive market we are all trying to support. The additional expense of the private market, will also eat into the profits of the businesses that will now have to pony up for these information previously provided by the EIA.


    Sorry, but there is a role for government in our economy, just as much as there is a role for the private sector. The two are not at war with each other, as propaganda would have you believe. They act in cooperation with each other. In this instance, the EIA report helps the private sector operate the private markets more efficiently and more profitably. Restricting information that can be produced more efficiently by the public sector, is never of any benefit to the private sector. It is in fact, very harmful to the economy. It is sad and depressing that people have been brainwashed to think otherwise. Perhaps, when the private markets cease to function normally (and that time is soon coming), people will finally wake up and understand that capitalism is fueled by symbiotic relationships between government and private business, not parasitic behavior by one entity vs the other.
    13 Oct 2013, 08:32 AM Reply Like
  • P. Dennis
    , contributor
    Comments (402) | Send Message


    Very very well said! It indeed is "sad and depressing that people have been brainwashed to think otherwise." The Japanese, South Koreans, Chinese and other nations which haven't been duped into believing there isn't a symbiotic relationship between the public and private sectors in a healthy country (yes, I didn't mistake the word country for economy) are laughing at us and filling the void. It is beyond stupid, now becoming downright borderline treasonous to act upon such misinformation, given the shattering impact such actions are having upon our nation as a whole. Our society is beginning to splinter as a result.


    The EIA report is just a tiny sliver of the damage these misinformed people are doing to our nation. Just look at the false straw man articles on Seeking Alpha which take it as a given that we must choose between exponential national debt increases and keeping our commitments to people who are on Social Security and Medicare. Never do those authors ask themselves simple questions like why we need: American military personnel in over 100 countries worldwide; to spend more money on our military than the next ten (10) countries combined; why we need to spend a billion dollars a week building roads and schools in Afghanistan when they will be destroyed and abandoned after we leave next year while we cannot do the same to rebuild the USA's crumbling infrastructure; why we needed to spend well over $1 Trillion and kill and maim thousands of Americans in Iraq while the Chinese oil companies reap the profits; and there are many many other examples of these political decisions which implicitly assume the American people are merely pawns to be exploited to fulfill Globalist pipedreams. We just sidestepped becoming involved in a Regional War which would have started with our attacking Syria. Until these people are defeated politically there will be another bogeyman we must slay on the other side of the planet tomorrow. It's long past time for the USA to start acting like a normal country rather than the world's policeman. How do I know? I'm a 30% agent orange disabled veteran of our armed forces who served in Southeast Asia between 1969 and 1970 and also endured the trauma of his best friend from high school being killed 65 miles northeast of then Saigon, interdicting a supply route, only to find out that the Domino Theory was absurd as our Army disintegrated. We lost over 58,000 dead and 300,000 wounded and injured and nearly had a revolution in the streets for what? I've seen firsthand the catastrophic impacts of these types of "opinions" translated into action by people on the right wing who never have, never will, and won't let their children serve in the military.


    If the USA starts behaving like a normal country and insists other democracies shoulder their share of all free country's collective true defense needs, there is no doubt we can meet our obligations. To do otherwise is an ego trip foisted upon our society by people unwilling to accept their own share of the burden. However, that requires many Americans to understand the globalist, interventionist costs of not paying attention to President Dwight David Eisenhower when in his final speech as President he warned to the inordinate influence of the Military Industrial Complex here at home. Unlike many, President Eisenhower had seen up front and personal the costs of war and decided President George Washington was spot on when he warned us to "beware of foreign entanglements".


    13 Oct 2013, 10:58 AM Reply Like
  • Gary Jakacky
    , contributor
    Comments (2975) | Send Message
    Forget the EIA. Get rid of the Department of Energy ENTIRELY.
    13 Oct 2013, 09:44 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs