1.0Climate Change Dispatchhttps://climatechangedispatch.comThomas Richardhttps://climatechangedispatch.com/author/ccdeditor/Plunging Oil Prices Expose The Great Green Lierich600338<blockquote class="wp-embedded-content" data-secret="gfWWWj53fI"><a href="https://climatechangedispatch.com/plunging-oil-prices-expose-the-great-green-lie/">Plunging Oil Prices Expose The Great Green Lie</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://climatechangedispatch.com/plunging-oil-prices-expose-the-great-green-lie/embed/#?secret=gfWWWj53fI" width="600" height="338" title="“Plunging Oil Prices Expose The Great Green Lie” — Climate Change Dispatch" data-secret="gfWWWj53fI" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript">
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The predictions of the end of oil have been going on for most of the last century. Just over 100 years ago, the U.S. Bureau of Mines estimated total future production at 6 billion barrels, yet we've produced more than twenty times that amount. In 1939 the Department of the Interior predicted US oil supplies would last thirteen years. I could go on. The wonder is that smart people like Nobel prize winners Krugman and Obama haven't learned anything from history and instead keep regurgitating these myths about "running out." Today we have twice as many reserves as we had in 1950. And we have already produced almost ten times more oil than the government told us we had back then. My mentor Julian Simon and Herman Kahn challenged this conventional wisdom. Today they would be disparaged as "deniers." Yet on ever score these iconoclasts were right and the green scientific consensus was wrong. --Stephen Moore, Town Hall, 28 December 2015https://climatechangedispatch.com/wp-content/uploads/images_pics8_Oil_Resource_Pyramid.jpg