Saturday, October 26, 2013
The Myth of the Vanishing Resources
According to author and engineer, Peter Huber, the tar sands of Alberta alone possess enough raw energy to power the world for at least another century. Couple that with the fact that the International Energy Agency now says that the world possesses some 30,000 trillion (just try and get your mind around that number) cubic feet of natural gas (enough for another two centuries) and the optimism grows even more. I mean, I know that the radicals have an affinity for scarcity and all (though I doubt that they would ever want to give up their plush locations in New York and Washington and live in a hut themselves) but windmills and ethanol are just plain dumb and anybody with even half a brain knows it. You want to subsidize it? Fine. Just don't make the rest of us.