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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: Tom Swift who wrote (32520)5/28/2004 1:25:45 AM
From: Elroy Jetson  Read Replies (1) | Respond to of 206191
 
All I can tell you is Chevron found oil and gas in a lot of places that Geologists couldn't come up with any sensible explanation for. So clearly current theories about where oil comes from are too limited to explain reality.

The same situation occurred looking for high-quality geothermal sources. If you're looking for a deep earth fracture connected to a hydrological system you'd better ask a Geophysicist. Our Geologists spent a lot of money drilling temperature-gradiant wells with precious little to show for it.

A theory is just a model of reality you hope assists you in predicting the unknown. But you have to remember it's not reality. Don't hold onto theories too tightly or you can spend a lot of your time bumping into walls that you insist shouldn't be there.

That's what makes a "true believer" like Milton Friedman or Ben Bernanke at the Fed so dangerous. They know all about their grandiose theories, yet their only explanation for the failure of the predicted cures is we didn't do them enough yet, or early enough, or hard enough, etc. At some point you've got to put aside the theories and pay attention to what's actually happening.