The Economist which only 10 years ago was predicting the end of cheap oil and $200 prices has now reversed it self and says oil production may start falling not due to scarcity but because of cheaper more environmental alternatives like natural gas. More and more vehicles are converting to CNG and limiting demand. So those big oil companies the Enviro's hate will become Big Gas? Sad note: because of a lack of pipelines in North Dakota some natural gas is still being flared off.
Thomas Sowell: There are no solutions, just trade-offs.
