To: RightWhale
I was looking for the correct basic economic evaluation of this story, and you're the first!
The author is an economic ignoramous. Oil does NOT "run out" - it gets more expensive. Then new finds occur because they are now economically feasible.
Then, when alternatives become MORE economically feasible than finding more oil, the alternatives will be developed and used.
The problem with these lefties is that they are ignorant of or despise the free market so much that they can't see its reality and implications.
25 posted on
03/03/2004 1:23:12 PM PST by
MrB
To: MrB
you're the first! Happens a lot. BTW, when is the award ceremony? :)
31 posted on
03/03/2004 1:54:27 PM PST by
RightWhale
(Theorems link concepts; proofs establish links)
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