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Re: Krombacher post# 199259

Friday, 02/19/2010 4:49:05 PM

Friday, February 19, 2010 4:49:05 PM

Post# of 361982
Krombacher: If we are trying ERHC management for dereliction of duty and gross incompetence, then some measure of a jury of their peers would be in order, i.e. how do your study results compute when taking:-
(1) Only posters that have deepwater and West Africa operating oil company experience;
OR
(2) Only posters that have worked in the petroleum industry in a non oil company service company environment or have been around the oil industry for many (15+) years?
(3) Only posters that invest in the industry but have no direct exposure to the oil industry?

I would think the weight attributed to (1) would be high, less for (2) and small for (3). In fact the "jury of peers" doctrine means using only (1).

Obviously midtieroil irritates you and many others and so somehow that coloring of the situation has to be dealt with. I do not know the answer but maybe with your analytical talents you can figure out an adjustment to your averages.

Finally I know at least one poster in (1) and one in (2) that used what you call "outlier" ratings and yet have sound balanced judgment (IMHO) and should not be eliminated.

So it seems to me the logic and analyses of this study need refinement to be fair and balanced and mean anything at all.

Some things are instinctively obvious to some.


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