Monday, April 23, 2012

The Numberical Basis of Journamalism

Teh Blog may have lost a bit of focus lately. Today some things came together to point us back in the right direction.

No, the other right. Energy issues, and bad journalism. Following back on some derogatory comments about Chesapeake's CEO, I came upon a tale of one person selling $725 billion. (Which has since been stealth edited to a merely obscene $725 million)

After that, it was on to Australia!

Which I was told would soon be the Worlds Largest producer of natural gas. A totally absurd claim, so I followed the link to Allianz. There, it was obvious that the cluless hack that threw together the article had no idea what LNG was, or how it relates to the overall natural gas market.

Experts predict that by 2020 Australia will topple Qatar from its leading position among gas producers and rise to number one from its present ranking of fifth.

Qatar produces about 1/6 the quantity of gas of the US.

Amateur journalists (oil pros) do much better.

Ah, well. Seeking Alpha is more group sourced than journalistic. Surely real journalists don't screw up like this?

Yes. Surely you've read that the US is an oil exporter?

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