by JPL » Mon 29 May 2006, 17:48:18
$this->bbcode_second_pass_quote('ReserveGrowthRulz', '
')But please...feel free to prove the truth of my prior statement about Doomers ignoring everything of a factual nature pointed out to them in an effort to not have to admit that the future may not quite be as bad as they WANT it to be.
Hi RGR,
OK, here's your factual analysis. When I was at college I studied hard-rock mining (UK degree level). We covered the economics of resource depletion pretty well.
So when I learned about Peak Oil I dug out my old college notes & my particular focus was Hubbard's math. Even though I am a committed 'peaker' I still have problems with Hubbard. It is IMHO a bit of a period-piece from the days whan reductionist equasions could 'model everything'. Now we (of course) know better...
What I mean is, if you are a commodity dealer and you can forecast the supply 2 weeks in advance, they call you a bloody genius and make you head of the company. If you claim 3 weeks they call you Nick Leason and stick you in jail.
Hubbard, on the other hand, claimed he could forecast a commodity 30 years in advance! But this was in the days before chaos theory, before computers, before everything we know about how complex systems work and how to model them. Hubbard, in this context is a dinosaur and also a clueless optomist.
And yet, the old boy still seems to have modelled things bang-on. To any scientist, this is now a wake-up call. Scientific doctrine says, we cannot bend facts to keep them fitting a fashionable theory, not when a better fit (Hubbard) is available.
So if Hubbard was right (or at least right-er than other, more fashionable models) then we should IMHO work with him for now (or until a better fit comes along).
QED (Sorry I must stop saying that...)
JPL