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Yergin's success comes from his book, "the Prize" which is a really good history of the oil industry. And since the mid-90s, he's been driving CERA rather relentlessly, pushing it as the "go to" consultancy on oil&gas matters, rather successfully. Who are pundits to argue if the oil companies and banks buy his (very expensive) stuff?

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Tue Nov 11th, 2008 at 03:30:55 PM EST
[ Parent ]
Maybe it's because he's so consistently wrong that his advice is so valuable, as pointed out elsewhere in the thread....

"Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
by ChrisCook (cojockathotmaildotcom) on Tue Nov 11th, 2008 at 05:08:21 PM EST
[ Parent ]

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