More on Hubbert

2004-06-02 Thread Louis Proyect
NY Press, June 2, 2004 THE COMING ENERGY CRUNCH A $2 gallon of gas is just the beginning. By Aaron Naparstek (clip) IN 1956, a Shell Oil geologist named M. King Hubbert stood up before a meeting of the American Petroleum Institute and, much to the chagrin of his bosses, predicted that oil

Re: More on Hubbert

2004-06-02 Thread Tom Walker
It may be helpful to non-statisticians to point out that the bell curve is not a theory, a fact or a physical law. It is an observed regularity that occurs often when looking at large numbers of cases. It has to do with the randomness of the distribution of the cases. Not all phenomena group

Re: More on Hubbert

2004-06-02 Thread Ted Winslow
On Jun 2, 2004, at 12:00 PM, Tom Walker wrote: It may be helpful to non-statisticians to point out that the bell curve is not a theory, a fact or a physical law. It is an observed regularity that occurs often when looking at large numbers of cases. It has to do with the randomness of the

Re: More on Hubbert

2004-06-02 Thread Michael Perelman
I think Tom Walker's comments on Hubbard were excellent. I recently heard an interview with David Goodstein, vice provost of Caltech regarding his book, Out of Gas: The End of the Age of Oil. He claims that the Hubbard curve has been proven reasonably accurate for any number of minerals, in