Possibly interesting comments on gasoline prices.
July 13th, 2007
On my professional blog, I wrote something that the folks here might find interesting. Note especially the couple of paragraphs of commentary at the very end.
Worldviews will often disagree, especially when there are interested parties on various sides with competing objectives. It’s human nature. But the assumptions embedded in these worldviews deserve to be examined. […] Smart investors always look at both “upside potential” and “downside risk.” When I read comments like Lundberg’s, it seems to me that those who defend the status quo of the petroleum industry focus on potential and risk strictly for their own industry, without acknowledging the possible downside risks for the world at large.
It’s blog-crossover madness, I tell you!