For years, activists argued for an energy transition away from fossil fuels because, they said, we were hitting “ peak oil ,” the point at which we can no longer produce oil because there’s little left in the ground or it’s too expensive to recover.
In 2023, the U.S. produced nearly 13 million barrels per day, more than any other nation in history . Predictions that the U.S. and the world would run out of oil go back decades, and these predictions have so far turned out to be wrong.
Tom Pyle, president of the Institute for Energy Research (IER), a free market think tank focusing on energy, told Just the News that anti-fossil fuel activists latched onto “peak oil” to push for alternatives, and with the U.S. leading the world’s production, their rhetoric has evolved.
“First, they said, ‘We don’t have the resources. We’re big consumers, but we don’t have the […]
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