I’ve written about the myth of “peak oil” for at least eight years — every year brings new evidence against the prophecies of the doomsayers and yet every year their faulty premises require debunking. As I said in 2006 (“ Oil is Well: The Shortage is a Myth, and Not a New One “): “The left consistently underestimates the power of human ingenuity — given sufficient price incentives — to devise new technologies which expand supply.” The principal resource underestimated in every single dire prediction is people — their intellect, creativity, and resilience. But of course, that other resource underestimated by so many of our friends on the left is the market : the legitimate desire of people to get ahead by solving other people’s problems. That desire incentivizes a level of creativity not often witnessed at, say, the Post Office. So here we are in 2015. What’s happening today? Just read Russell Gold’s […]