More oil available in North America than previously thought

Michael Giberson

To Julian Simon-inspired resource optimists, this is news of the most ho-hum sort. Oh, so we think more resources now are available than previously expected because of improvements in technology? Nothing new under the sun. Humanity’s many-centuries-long trend of energy resources becoming cheaper continues into the indefinite future.

If you believed that world oil production probably peaked in 2006 and we were stuck in a handbasket to oblivion, then you might be surprised.

Otherwise, ho-hum. Move along. Nothing to see here.

[HT to Eric S. for the prompt.]

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