Brin-l Digest, Vol 381, Issue 3

[Ronn! Blankenship]

At 10:06 PM Wednesday 5/14/2008, dsummersminet at comcast.net wrote:

>As for peak oil production, with all due respect, a close (we spent 5
>Christmases in a row together) friend had primary responsibility for his
>company's participation in _the_ major new US oil play.  I personally know
>the factors involved.  The peak oil arguement is arm-waving nonsense that
>has nothing to do with the actual ecconomics of the oil patch. For example,
>the arguement doesn't explain why oil fell to (inflation adjusted) prices
>not seen since the Great Depression in 1998.  I have a model (which is
>based on plain Jane vanilla ecconomics) that does explain it.  Isn't a
>model that fits data superior to a model that has been repeatedly falisfied
>when used in the past?
>
>Dan M.



Not if the results it gives are at variance with what the PTB want them to be.


. . . ronn!  :)