Thursday, September 08, 2005

 

Numbers (lies, damn lies, and statistics)

My current peeve in the "News" is lack of context for numbers that are thrown about. We hear about how generous all the oil exporters are being, how many millions of barrels they are sending to the US, all without context of how much we use, or how much capacity we've lost.

Gas prices jumped around here, but have now retreated slightly. I presume that's because the Plantation and Colonial (love those names) pipelines are flowing again. I suspect reality will catch up with the prices as supplies tighten. Five dollars a gallon by year's end? More?

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