The general public believes we are running out of oil and have been told we need to make radical changes at extreme costs in order to avoid a disaster. It’s not true.

30 years ago, we were told that we would be running out of oil about now. 10 years ago that said we had 40 years of oil left. Now we have 45 years of oil left. These numbers come from the Reserve/Production (R/P) ratio which is nicely explained at WattsUpWithThat.com

Solyndra, cap and trade, wind mills, farmers trading corn fields for solar fields, rising energy costs…this is the crap you get when you let politics trump markets.

 

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