Nobody is going to suddenly run out of oil in a year. Or even twenty years. Most intelligent people realize that it's not going to last forever, but the solution isn't going to be whatever godawful Brain Fart of the Week the political class comes up with. Most of which probably think oil squirts out of the ground like on TV. You might remember that we went through a lot of this same crap in the Seventies. Remember the Great Synfuels Project? Remember that government support and subsidies of alternative energy have been going on for almost a generation now?

I have spent some time tracking the amazing technological developments that have allowed us to wring years more oil out of old fields. Currently, we are also entering a whole new technological era of natural gas development, too. Some people predicted in 1972 that we would be running out of oil ten years ago.

As fossil fuels become more expensive to develop, prices will go up, and have. The curve is not steady, and there are other issues besides worldwide supply that drive it in both directions, but the market does respond.

Every idea on government control of buying and selling is based on the theory that politicians are smarter, less greedy, and less corrupt than the rest of us. This does not stand up to close examination.

The government does a lot of "marketing" too. When people someday have the same skepticism about what the political ruling class is trying to sell us as they do about what a corporation is trying to sell them, I'll call it a win.