"Technology and politics--not geology--determine how much we pump and what it costs."
Every time I hear this argument, I ask "what about Texas?"
We have had essentially zero political limitations on drilling, and we have tried every technological advance known to the oil industry. Exactly as predicted by M. King Hubbert, Texas oil production has fallen relentlessly for 33 years. If Texas were the sole source of crude for the world, for every four gallons of gasoline that we bought in 1972, we would be bidding for one gallon today.
Perhaps when Americans can't afford to heat their McMansions--after they listened to Peter Huber, et al, and bought Hummers to commute to large energy inefficient homes--they can burn books by Huber, et al in their fireplaces to generate heat.
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