Then & Now: Predicting markets - how forecasting in oil and gas has transformed over 50 years

Episode notes

The 1973 Oil Embargo broke forecasting models that weren't built to absorb it. The shale revolution rewrote supply elasticity assumptions entirely. And as of April 2026, the US exported more crude oil than it imported for the first time since World War II. In this Then & Now episode of the Oil & Gas Journal ReEnterprised podcast, OGJ Statistics Editor Laura Bell-Hammer connects those data points into a 50-year story about how oil and gas forecasting has been continuously rebuilt by the forces it failed to anticipate - and what that means for reading the market today.

• ICYMI: Upstream M&A slows on pricing gaps while deal appetite holds52 / 100
• Insights: PETEX and in-person petroleum learning in the age of AI
• Market Focus: Hormuz disruptions tighten global oil markets as recovery risks persist
• ICYMI: RefComm Expoconference - why it's the diamond of downstream events
• Insights: Vaca Muerta’s scale, productivity - and why it has more to give