I own some energy stocks. I put my money where my mouth is, and it's been very profitable. That doesn't mean, though, that I think we can dismiss the problem of declining oil reserves as a nonissue. China is now the world's number two oil consumer, whereas they were previously a blip on the monitor. And they are still growing like mad. Both China and Russia are planning to build vast numbers of automobiles over the next several years. The bicycle is out in China.
All of this is going to hurt us in the pocketbook. There is going to have to be a lot of suffering before we finally do what needs to be done to solve this problem.
I'm not going to simply wait for someone else to do something. I'm doing my share now, and I am going to encourage others to do the same. You won't find me telling people that this is no big deal. That doesn't accomplish anything. It just makes the problem worse.