Resource optimists are continually rewarded by oil and gas drillers. One can only imagine what world production would be like if private property rights and profit/loss entrepreneurship were the norm as it is in much of the United States.
The only good news is that politically shackled mineral production is ‘reserved’ for the future, further refuting the peak oil (or peak anything else) proponents who fail to see that politics and not a lack of potential is the limit to growth.
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