I believe this article states the problem well, the solution it offers, however, is idiotic. Handing more control over to the central planners would just give us more ethanol, wind farm and solar boondoggles. How about taking their manipulating hands off the market, and let the best products win. Products like clean burning natural gas and natural gas liquids. By the way, have you noticed that anytime a recovery is expected in the US economy, oil prices take off? If we actually had a recovery, how long would it be before skyrocketing oil prices nipped it in the bud?
No Growth in Oil Production for 7 Years – Will Alternatives Arrive Soon Enough? at Oil Price:: oilprice.com/Energy/Crude-Oil/No-Growth-in-Oil-Pro….html