Thought of the Day, from Jeff Watson
In this article I recently read, "Oil Will Run Dry 90 Years Before Substitutes Roll Out, Study Predicts", Dr. Niemeier says, "We need stronger policy impetus to push the development of these alternative replacement technologies along." Spoken like a true statist who depends on government largesse and central planning.
In the real world, what we need is for there to be an incentive, as described by a real price, and the free market will find a solution to the oil depletion, in short order.