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Crisis: an alternative to complacency

Conference · · Gas Res. Inst. Q. Analy. Rev.; (United States)
OSTI ID:7008541

Despite a prevailing skepticism of forecasting, decision making is necessarily a future-oriented process. Forecasting, because of this, affects the future. Earlier energy forecasts of a severe energy crisis led to global policy initiatives that have improved the world energy picture even though the predictions did not come true. A new consensus is emerging among energy forecasts which sees a continuation of current trends, with stable or diminishing energy prices coupled with secure supplies. Complacency based on these projections could lead to a future crisis if the decisions based upon these assumptions prove faulty.

Research Organization:
Gas Research Institute, Chicago, IL
OSTI ID:
7008541
Journal Information:
Gas Res. Inst. Q. Analy. Rev.; (United States), Journal Name: Gas Res. Inst. Q. Analy. Rev.; (United States); ISSN GRIRE
Country of Publication:
United States
Language:
English