At 10:06 PM Wednesday 5/14/2008, [EMAIL PROTECTED] 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! :) _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
