Who is Responsible for Monitoring and Forecasting Oil and Natural Gas Reserves in the United States?

In the United States, the responsibility for monitoring and forecasting oil and natural gas reserves lies with several organizations including:

• The U.S. Energy Information Administration (EIA): The EIA is an independent agency that collects, analyzes, and disseminates information on energy resources and markets. They provide regular reports on oil and natural gas reserves in the U.S.
• The U.S. Geological Survey (USGS): The USGS conducts assessments of oil and natural gas resources in the U.S. They use scientific methods to estimate the quantity and quality of these reserves.
• The Department of Energy (DOE): The DOE plays a role in monitoring and analyzing energy resources, including oil and natural gas reserves. They work closely with other agencies to ensure the security and reliability of these resources.

Overall, these organizations work together to provide accurate and up-to-date information on oil and natural gas reserves in the United States, helping to inform decision-making and policy development in the energy sector.