Friday, March 16, 2007

Ingenuity Rebuts Alarmism

The Shaybah oil field in Saudia Arabia

If you listen only to the alarmists, no doubt you think the world is running out of oil. And if opinion journalism hasn’t convinced you otherwise, check out this news article, from earlier this month, in the New York Times. In short, technological advances—i.e., human ingenuity—are making it possible to extract oil that was previously unextractable.