Michael Fumento says even though oil cost 50% more in 1989 than today, we are starting to see increased production of oil from oil shale. Current estimates suggest that known deposits will last 500 years at current activity. More at TCS.
Relocated to the Sierra Foothills after 35 years in Los Angeles. Suffering from ocean deprivation and frostbite to my tropical plants but confident that the good life is possible here once I get my bearings.