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"One should either write ruthlessly what one believes to be the truth, or else shut up."

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Tuesday
Dec062011

Peak Oil

DateTuesday, December 6, 2011 at 6:01AM

I think the people who fear us running out of oil forget that coal, of which we have an abundant supply, can replace oil. This is a problem, just not as soon as the alarmists think. As the price of oil goes up, and it will, the price of all goods will increase and substitutes will become economical. 

However, this will lead us to a trying time over the next few decades. 

Author[Positive Dennis] | CommentPost a Comment |
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