That’s a perfectly sensible question. To say that we can’t drill our way out of an impending oil shortage is of course exactly like saying you can’t eat your way out of hunger, you can’t warm your way out of hypothermia, and you can’t drink your way out of thirst. – Lyle, blogging at Joe Huffman’s
Exactly right. While there is probably some point in time that the Earth cannot supply enough oil, most of the estimates I have heard put that centuries in the future. While there may be better energy sources out there, we need something to bridge the gap between now and those alternatives being perfected. To think that the free market will suddenly stop working, and the law of supply and demand be repealed is crazy. Drilling the oil that we have is the best way to deal with the issues we are seeing.