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They write that the relative share of gas is dropping, and the relative share of coal is rising, due to the entry of renewables into the grid. That's the sum total of their "analysis," such as it is.

There is no causal model, because economists don't do causal models. There is no robustness check against alternative scenarios, because economists don't do causal models and you need a causal model to construct credible alternative scenarios. There is no internal consistency check on the story, because the Economist does not do due diligence when a naive reading supports the conclusion it wants.

The overwhelming majority of your average issue of The Economist is written by highly educated incompetents for highly educated incompetents.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sat Jun 15th, 2013 at 03:10:19 AM EST
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