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Lazy Thinking: How Memes Get Oil All Wrong

Summary by Art Berman
One of the biggest misconceptions about oil is that supply is shrinking because of depletion and that reserve additions are not enough to prevent a supply shortage in the near future. Here are some examples from comments on my website: “I’ve been wondering why most people haven’t been alarmed about declining energy supplies since the…
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Art BermanArt Berman

Lazy Thinking: How Memes Get Oil All Wrong

One of the biggest misconceptions about oil is that supply is shrinking because of depletion and that reserve additions are not enough to prevent a supply shortage in the near future. Here are some examples from comments on my website: “I’ve been wondering why most people haven’t been alarmed about declining energy supplies since the…

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Art Berman broke the news in on Tuesday, January 21, 2025.
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