…isn’t likely to happen any time soon.
Unless, of course, we keep in power people who want to see it happen.
[Update a few minutes later]
The oil-fracking boom in south Texas.
That’s how you grow an economy. You produce stuff that (unlike, say, CFLs or high-speed rail) people actually want to buy.
I think there are some people that want peak oil so bad, that they are trying to induce it artificially.
Lawrence Solomon: Israeli oil could bust the OPEC cartel
One of the largest deposits – 250 billion barrels of oil in Israel’s Shfela basin, …
http://opinion.financialpost.com/2011/06/10/israels-new-energy/
“That’s how you grow an economy. You produce stuff that (unlike, say, CFLs or high-speed rail) people actually want to buy.”
Eureka! Someone tell Obama!
But they don’t want us to buy such things. They want to make it expensive, so only the elites can have it, not as poor proles. They will tell us what we can have, and in doublespeak, they’ll call themselves liberal.