I would suggest that it is not that they don't understand market mechanisms, they just don't care about them except where they serve their existing agenda.
They are even more cynical than you think, even taking into account the ThatBritGuy rule on cynicism
But are the journalists, once again to use Lenin, purely evil or ar ethey just useful idiots? Or something in between? Peak oil is not an energy crisis. It is a liquid fuel crisis.
As I say regularly (including at conferences), European energy policy can be summed up in two sentences:
"what is our gas doing under your toundra?" a jobs programme for the City of London
