Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Saturday, April 7, 2012

Beware of Gloom in Energy Models

Beware of Gloom in Energy Models

Micheal Lynch, US News & WR
The debate about energy policy and technology (or fuel) choice often involves well-meaning, fresh-faced young analysts who don't notice how old-timers like myself wince when they cite "models" and "analysis" as supporting a position. I actually worked on a model of the world oil market written on a mainframe computer, and remember when, in the 1970s, economic models were treated with near-godlike awe. There was even a rubber stamp made that (facetiously, presumably) said, "This came from a computer and is not to be questioned or disbelieved. "

No comments:

Post a Comment