<DrumBeat: July 16, 2006 The Oil Drum DrumBeat: July 17, 2006>

108 comments on Well, could we linearize this, then?

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Darwinian on July 17, 2006 - 8:53am Permalink | Subthread | Parent | Comments top
Jeffery, one more thing. One thing Lynch always brings up when his abysmal record of price predicting comes up is Campbell's record of predicting the peak. His defense goes something like this: "Why are you guys picking on me when Campbell has a worse record than I do?" I don't know how you would handle that one, but it is sure to come up so you can be forewarned.
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Colonel Drake on July 17, 2006 - 9:41am Permalink | Subthread | Parent | Comments top
This argument comes up all the time. So-and-so said we peaked when we hadn't.

It is like saying France and Italy are in the world cup final; who will win?

There have been thirty other teams in the tournament. Each team had supporters predicting a victory. Each team was eliminated. All thirty predictions were wrong.

So obviously neither France nor Italy will win.

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Gunga2006 on July 18, 2006 - 8:33am Permalink | Subthread | Parent | Comments top
Most of the analysts that say ,"This is the fifth time we have been warned of peaking oil" are the same guys who said we would never see oil over $50/barrel.
The market is telling us what is happening.
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108 comments on Well, could we linearize this, then?

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