Investor’s Business Daily | Sep. 3, 2009
Ignoring peak-oil Cassandras, BP has made another giant oil find in the Gulf of Mexico. We’re not running out of oil. Our government just doesn’t want us to look for it.
The world is running out of oil and good riddance. That’s the environmentalists’ mantra. But since the first well was drilled near Titusville, Pa., 150 years ago, the prophecy has gone unfulfilled. Trouble is, those darn greedy oil companies keep finding the stuff. [Read more…]