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@Dave S: Hence I do not believe that the IMF study will be wildly off the mark.

You give a reasonable summary of the economics of the Bakken oil, but then you support a Hubbert ("peak-oil") type model of the world oil supply that does not even mention "hydraulic fracturing" ...? Sorry, this does not compute. The study may have some good data, but its modeling is worthless.

So then, to suggest to spends multiple billions on new transit based on the anticipated jump in gasoline prices -- only a 50% probability, btw -- based on a single representation of the oil market, is not a compelling argument.

by goldfish on Jun 4, 2012 8:27 am • link • report

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