by Alan Caruba
I suspect that most people think the Earth is running out of oil or that the U.S. and the rest of the world are “addicted” to its use.
Both beliefs are wrong, but in different ways. First because the Earth produces oil in abundance deep within its mantel in ways that have nothing to do with dead dinosaurs and gives no indication of ever stopping this natural process and, second, because the use of oil for fuel and for thousands of other applications, not the least of which is plastics, is one of the great blessings of modern technology and life. [Read more…]