Those preserving their narrower interests at the public expense can and should be better than that.
What Happy Tale is truly happy if one has to actually explain that there is a significant difference between uttering impressive reserve numbers and what must happen [assuming it's even possible in the first instance] to get those fossil-fuel reserves from there to here for consumption? Dividing the estimated reserve totals by annual consumption to let everyone know how many decades of oil remains is simple math, but incredibly misleading once those pesky exploration, expense, time, quality, technology, and production challenges are included in the conversation.
Shocking, but that gushing editorial mentioned exactly none of those considerations. Is that right?
It would be helpful to ... well, all of us if the public could be clued in on not just the Happy Talk numbers but the factors that make that story-line not quite so happy.
Adapted from a blog post of mine
What Happy Tale is truly happy if one has to actually explain that there is a significant difference between uttering impressive reserve numbers and what must happen [assuming it's even possible in the first instance] to get those fossil-fuel reserves from there to here for consumption? Dividing the estimated reserve totals by annual consumption to let everyone know how many decades of oil remains is simple math, but incredibly misleading once those pesky exploration, expense, time, quality, technology, and production challenges are included in the conversation.
Shocking, but that gushing editorial mentioned exactly none of those considerations. Is that right?
It would be helpful to ... well, all of us if the public could be clued in on not just the Happy Talk numbers but the factors that make that story-line not quite so happy.
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