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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (45906)	2/6/2006 11:57:26 AM
From: kormac	Respond to of 116555

Exactly, Peter Huber, the notorious author of Bottomless Well, The Virtues of Waste, says that Hubbert's methodology is a case study of junk economics. forbes.com To which Dmitry Podborits responds countercurrents.org "Clearly, Mr. Huber is perfectly entitled to express his criticisms of the late M. King Hubbert or anybody else, as there are no "sacred cows" in this world. Marcus Tulius Cicero, for example, was known to have had famously described the hellenized Egyptian queen Cleopatra as a boring woman, in radical disagreement with both Gaius Julius Caesar and Marc Anthony. Thus, obviously, Peter Huber also has the right to state whatever opinion he wants on Mr. Hubbert. He is also free to characterize peak oil as a case study of junk economics, or, say, the Modern Portfolio Theory as a case study of junk geology. However, as someone who is to a degree familiar with the subject, I will humbly suggest that maybe there was more to M. King Hubbert's life work and impact than meets the eye of Peter Huber."