Categotry Archives: Journalism

When engineers ignore economics, Part 375

One of the many side effects of the collapse in the oil price is a proliferation of nonsensical articles on the subject.  Today I stumbled across this in LinkedIn. It must be hard for the world to have sympathy for an oil and gas industry that has been so extravagant and wasteful. Why yes, it must be. The Hubbert curve is a logistic model showing the theoretical depletion of worldwide resources over a two hundred year period.  It has a steep ramp up […]