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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Krowbar who wrote (150999)	6/5/2001 12:44:22 PM
From: CYBERKEN	Respond to of 769670

That's correct, those projections were "right", and thus those academics turned out to be utter fools, never to be listened to again. We won't make that mistake this time, nor will we exacerbate the problem with price controls...

To: Krowbar who wrote (150999)	6/5/2001 1:06:17 PM
From: Lazarus_Long	Read Replies (1) \| Respond to of 769670

I'd say CYBERKEN is again on top of things. Yup, they did a straight-line projection from known reserves and saw- -DISASTER! Problem was, they didn't consider that those very increased prices would (1) stimulate new exploration, (2) make sources economical that otherwise were not, and (3) stimulate conservation, including more efficient cars. And so their wonderful, complicated, computerized models were WRONG. And I don't listen to Rush, so I can't comment on what he did or didn't say.