by Xenophobe » Sat 28 Aug 2010, 21:28:16
$this->bbcode_second_pass_quote('pstarr', '
')Hirsch has not been discredited, certainly not by a lightweight of you caliber.
Perhaps you are not familiar with the Hirsch report?
"Like oil reserves estimation, natural gas reserves estimation is subject to
enormous uncertainty. North American natural gas reserves estimates
now appear to have been excessively optimistic and North American
natural gas production is now almost certainly in decline."
We most certainly were not in decline. And those estimates weren't optimistic.
"High prices do not a priori lead to greater production. Geology is
ultimately the limiting factor, and geological realities are clearest after the
fact."
Page 36.
Higher prices led to exactly the increased production Hirsch said would not happen. And it was because of the basics of geology which Hirsch misinterpreted. In the real world, its called being discredited.
And I am not short, at least not by American standards.