You're Soaking In It

I liked this Opinion Journal article about the global oil situation. Having grown up in the 70's, I've heard my fair share of the "sky is falling" energy crisis hype, and the last year or so there've been similar rumblings. Funny, three years ago when oil was down around $10 a barrel nobody was saying we are about to run out. Now at $50, it seems we are. The stuff costs less than $5 to get out of the ground in the Mideast. The rest is politics and games.