Hah! Will said (PEAK OIL). As if we have any clue how much oil is in the entire earth including all the ice and oceans. Only a liberal would assume we can correctly estimate the amount of oil in the world.

But the point is the cost of energy and the amount of production. Who cares if we are using 25% of the world’s energy. We need to produce more of it. If we could bring down energy costs with drilling, nuclear, refineries and the holy grail of renewable energy then we would top inflation in its tracks.