Jimmy Carter, is that you? Carter’s theory was that US natural gas would, in some not distant future, suddenly be exhausted. Granted it took a generation to fully come into reality with horizontal drilling and shale fracking, but that theory was at direct odds with what sensible theory predicted. Price elicits supply. If a product is cheap, that is because it is and is expected by the smart money to remain plentiful.Our oil reserves should remain our oil reserves.
You and that mouse in your pocket own the fuel deposits in the US?If you believe in private property you don’t believe in that claptrap. It is socialism. thackney is exactly right.It is much better to let the market mechanism sort out which oil gets shipped where. It makes more economic (and diplomatic) sense to ship some Alaskan oil to Japan, rather than forcing the Japanese to import oil at higher shipping cost from the Middle East.
Another possible consideration is the bruited possibility of an “intelligence singularity” in the foreseeable future. If computers - conceivably neural network programs running on quantum computers - suddenly get so smart that they dwarf human intelligence, possibilities ranging from ways to not need as much energy to practical controlled nuclear fusion power plants might very well suddenly transform the energy equation. That is a possible mechanism by which your far-fetched “peak oil” fantasy might be utterly mooted within a generation.Even without such singularity, the cost of drilling and fracking has been declining with experience. That moves your “peak oil” schedule that much further into the future.
Things tend to be worth what people are willing to pay for them.
I appreciate you wanting to play too, but I’ve already carried on a discussion with Thackney, and am not interested in taking on another person who is wrong.
Next time be sure to call me Ted Kennedy, Nancy Pelosi, or Harry Ried. That will certainly add facts to the equation.
Take care.