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How to be an Energy Scare Monger
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Topic: How to be an Energy Scare Monger (Read 1281 times)
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IsailedawayfromFR
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Posts: 13,888
How to be an Energy Scare Monger
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June 04, 2016, 11:09:09 am »
These are a couple of years old, but encapsulate why one does not believe everything one reads on the future of the O&G industry. Forecasters are all over the board, some widely optimistic, but some like the guy below very pessimistic.
I saved this as being two years old, one can see how his predictions did not necessarily come true, which cast doubt on the rest of what he said in article.
Article: The Popping of the Shale Gas Bubble by Bill Powers September 3, 2014
http://www.forbes.com/sites/billpowers/2014/09/03/the-popping-of-the-shale-gas-bubble/#27a000124df2
A refute to article: Bill Powers’ Powers of Prediction Overrated by Tom Shepstone September 7, 2014
http://naturalgasnow.org/bill-powers-powers-prediction-overrated/
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“You will never understand bureaucracies until you understand that for bureaucrats procedure is everything and outcomes are nothing.” Thomas Sowell
IsailedawayfromFR
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Posts: 13,888
Re: How to be an Energy Scare Monger
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Reply #1 on:
June 04, 2016, 09:00:47 pm »
Move forward to today, and the same Forbes reveals why the 2014 author missed it. Too shallow in his thinking back then, as he forgot that technology moves on.
Long Boom In Cheap Energy
http://www.forbes.com/sites/richkarlgaard/2016/06/01/long-boom-in-cheap-energy/#199dd3611ae3
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“You will never understand bureaucracies until you understand that for bureaucrats procedure is everything and outcomes are nothing.” Thomas Sowell
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How to be an Energy Scare Monger