Monday, November 23, 2009

A bit of history on fossil fuel usage

An interesting piece from George Will:
in 1901, a new well named for an East Texas hillock, Spindletop, began gushing more per day than all other U.S. wells combined.

Since then, America has exhausted its hydrocarbon supplies. Repeatedly.

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.

...

Today, there is a name for the political doctrine that rejoices in scarcity of everything except government. The name is environmentalism.

Read it all...

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