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Excellent - Except for Yergin
Terrific article - except it's pessimistic, so maybe it's an editorial? 
A problem, Yergin is *not* an economist. His undergraduate degree was in English, and his PhD is in International Relations:
"EDUCATION: Bachelor's degree in English from Yale University, 1968; Master's degree from Cambridge University, 1970, with a focus on economic history; and a Ph.D. in International Relations, 1974, from Cambridge University, where he was a Marshall Scholar." www.businessweek.com/ap/financialnews/D9QK3I500.htm
That's right, he's even less qualified to be the go-to man on the topic.
I stopped paying attention to the NYTimes when I realized their journalism in both energy and the housing bubble had the problems you describe here. We all found out later that their main housing/finance writer was in the thick of the housing bubble himself and a hopeless optimist at the time.
A problem, Yergin is *not* an economist. His undergraduate degree was in English, and his PhD is in International Relations:
"EDUCATION: Bachelor's degree in English from Yale University, 1968; Master's degree from Cambridge University, 1970, with a focus on economic history; and a Ph.D. in International Relations, 1974, from Cambridge University, where he was a Marshall Scholar." www.businessweek.com/ap/financialnews/D9QK3I500.htm
That's right, he's even less qualified to be the go-to man on the topic.
I stopped paying attention to the NYTimes when I realized their journalism in both energy and the housing bubble had the problems you describe here. We all found out later that their main housing/finance writer was in the thick of the housing bubble himself and a hopeless optimist at the time.
Posted by kjmclark
2nd Dec 2011