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Oil plateaus | 159 comments (159 topical, editorial, 0 hidden)
pfui (4.00 / 4)
Essence of lousy Model Building.

Notice that:

  1.  A global financial crash is not factored in

  2.  Global Climate Change is not factored in

  3.  "Peak Water" is not factored in

  4.  The impact of #2 and #3 on food production is not factored in

  5.  The assumption of a jejune Supply/Demand model that ignores the ability to buy the stuff - see #1


She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre
by ATinNM on Tue Nov 9th, 2010 at 12:12:06 PM EST

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Oil plateaus | 159 comments (159 topical, 0 editorial, 0 hidden)
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