Comment 60383

By geoff's two cents (registered) | Posted February 28, 2011 at 12:21:10 in reply to Comment 60377

I think what is so frustrating about mainstream media coverage of oil price volatility and DoomNGloom's (sadly "common sense") comment is their inability or unwillingness to demonstrate critical thinking skills - i.e. a refusal to consider global warming along the lines of average temperature increases (instead of the "it's snowing outside right now, so global warming must be a farce" approach); as well as a refusal to consider the possibility that long-term habits of oil consumption are generating global economic volatility (instead of the "prices skyrocket when a mere 2% of the world's oil supply is at risk; it must the fault of those idiot speculators" line of argument). Both approaches press into service a mere sliver of available data, and exclude relevant evidence in the interest of a purely self-justifying way of interpreting the world.

Comment edited by geoff's two cents on 2011-02-28 12:22:11

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