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Maybe the Dallas FED is part of the legions who don't understand the difference between reserves in the ground and flow rates?

Anyway, I like this graph showing the predictive power of the oil futures market.



Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Fri May 30th, 2008 at 06:09:17 AM EST
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See A very murky crystal ball. by Colman on Friday May 19th, 2006.

I also like this chart of IEA forecasts.

It almost looks like the IEA was using futures for forecasting.

When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. — John M. Keynes

by Carrie (migeru at eurotrib dot com) on Fri May 30th, 2008 at 06:14:46 AM EST
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That chart looks like a waste of 30 years of energy policy...

When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. — John M. Keynes
by Carrie (migeru at eurotrib dot com) on Fri May 30th, 2008 at 07:39:21 AM EST
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Precisely.  You nailed it.

"Life shrinks or expands in proportion to one's courage." - Ana´s Nin
by Crazy Horse on Fri May 30th, 2008 at 12:31:26 PM EST
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