Hellow guys, Welcome to my website, and you are watching What is The EIA (Energy Information Administration)?. and this vIdeo is uploaded by Investors Trading Academy at 2015-06-28T21:00:01-07:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | What is The EIA (Energy Information Administration)? |
| Video Uploader | Video From Investors Trading Academy |
| Upload Date | This Video Uploaded At 29-06-2015 04:00:01 |
| Video Discription | Welcome to the Investors Trading Academy talking glossary of financial terms and events. Our word of the day is “EIA”. EIA is the abbreviation for the Energy Information Administration. The government agency formed in 1977 as an advisor to the U.S. Department of Energy. The EIA is responsible for objectively collecting energy data, conducting analysis and making forecasts. EIA's reports contain information regarding important energy-related factors, such as future energy inventories, demand and prices. Its data, analysis and reports are available online to both members of the public and the private sector. One of the most renowned reports published by the EIA is called This Week In Petroleum. This report is released every Wednesday and contains commentary regarding changes in inventory, demand and other data for crude oil and other petroleum products such as gasoline, distillates and propane. Usually, when this report shows unexpected inventory changes in crude oil and gasoline, it causes a ripple effect across the market, increasing or decreasing what consumers pay at the gas pumps. The Department of Energy Organization Act of 1977 established EIA as the primary federal government authority on energy statistics and analysis, building upon systems and organizations first established in 1974, following the oil market disruption of 1973. The EIA conducts a comprehensive data collection program that covers the full spectrum of energy sources, end uses, and energy flows; generates short- and long-term domestic and international energy projections; and performs informative energy analyses. The EIA disseminates its data products, analyses, reports, and services to customers and stakeholders primarily through its website and the customer contact center. Located in Washington, D.C., the EIA had about 370 federal employees and a budget of $117 million in fiscal year 2015. By Barry Norman, Investors Trading Academy |
| Category | Education |
| Tags | Barry Norman | ITA | Finance Education | Analysis | Finance Vocabulary | Understanding Finance | ITA Finance Education | Stock Market | Futures | Investment | Economy | Trading | News | Technical | Options | Academy | Talking Financial Glossary | Major Economic Events | This Week on Finance | Daily Market Review | Weekly Market Review | Economic Channel | Economic News | Person of The Week | Educational Classes | ITA.academy | Forex | Stocks | Energy Information Administration | EIA | Oil | Natural Gas | Energy |
