Where are all the editors?
Another item, this one from a newsletter says this about oil: "Global demand is rising exponentially, global supply is dwindling." How can anyone get so many things wrong in so few words? First of all, global supply of oil is neither dwindling or diminishing, it is growing and nobody disputes that. The question is whether it is keeping pace with rising demand and on that score does the writer know what "exponential growth" means? Would anyone call growth or 3% or 5% per year exponential? Not in a million years. Even growth in the number of mobile phone users in China is not exponential and global demand for oil has grown at less than 3% annually for the past 10 years and is forecast to grow at 2% or less over the next 5 years.