Drilling Our Way Out Of The Problem

Kevin Drum finds more evidence that the oil supply is becoming a problem–from the oil industry itself. A ExxonMobil report suggest that we have all but reached peak oil production in all the non-OPEC countries. Moreover, there’s a real question as to whether OPEC countries can keep pace with even the more optimistic demand estimates.
In other words, don’t hold your breath waiting to see $1/gallon gas again anytime soon.