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207 comments on How Realistic is EIA's US Domestic Oil Supply and Demand Forecast?

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SamuM on April 7, 2008 - 2:18am Permalink | Subthread | Parent | Comments top

There's more of that what Nate already posted above:

http://www.theoildrum.com/node/3129#comment-254607

Modern market fundamentalist mainstream economic theory does not attempt to reconcile for the fact that the theory is not physics or reality based.

The economists of aforementioned inclination really do believe that markets will 'solve all' - so to speak. In this sense they are acting on faith not scientific reason.

Of course, there are economists thinking long and hard about this issue, but they are neither market fundamentalists in the common sens of the word nor mainstream.

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Ignorant on April 7, 2008 - 1:07pm Permalink | Subthread | Parent | Comments top

Forget economists... go with what actuaries say; actuaries use REAL math (they have to... or else they'd be out of a REAL job).

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Gail the Actuary on April 7, 2008 - 8:03pm Permalink | Subthread | Parent | Comments top

LOL! I think we do tend to look closer at what the numbers really say, though.

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