Which Perpetually Fails to Eventuate
Crises sell newspapers and provide political impetus. Thus both the press and the political class benefit from crises. One such has been the perpetual pending shortage of fossil fuels:
Awash in fossil fuels
By George F. Will
The Washington Post
...in 1901, a new well named for an East Texas hillock, Spindletop, began gushing more [oil] per day than all other U.S. wells combined.
Since then, America has exhausted its hydrocarbon supplies. Repeatedly.
Let that sink in for a bit..
In 1914, the Bureau of Mines said that U.S. oil reserves would be exhausted by 1924. In 1939, the Interior Department said that the world had 13 years' worth of petroleum reserves. Then a global war was fought, and the postwar boom was fueled. In 1951 Interior reported that the world had . . . 13 years of reserves. In 1970, the world's proven oil reserves were an estimated 612 billion barrels. By 2006, more than 767 billion barrels had been pumped, and proven reserves were 1.2 trillion barrels. In 1977, scold in chief Jimmy Carter predicted that mankind "could use up all the proven reserves of oil in the entire world by the end of the next decade." Since then the world has consumed three times more oil than was then in the world's proven reserves.
Just how many times do these doom sayers get to call the end of the world as we know it before they lose all credibility?
When added to the increasing evidence that AGW appears to have been a deliberate scientific fraud, and that elements of the Political Class have been milking the issue, it gives one pause to reflect...
- The Department of Energy was established during the Carter Administration to reduce American dependence on foreign supplies of energy. How has that worked out?
- Why is it so damn hard to build Nuclear Power Plants in the United States? They're the cheapest steady state generation facilities in existence.
- Why haven't we seriously upgraded and hardened our long line electrical transmission system?
- Why haven't we been building more Natural Gas and Oil Fired generation facilities?
- We haven't we been developing our own energy resources
The answer to all of the above, I submit, is politics. More specifically, politicians acting against our economic interests. Or, as Mister Will summarizes:
Today, there is a name for the political doctrine that rejoices in scarcity of everything except government. The name is environmentalism.