Oil, Oil, Everywhere …

A couple of venture capitalists, Perter Huber and Mark Mills, have written an op-ed piece in the Wall Street Journal Online (cached here) arguing that conventional oil depletion will lead us to alternative non-conventional oil sources as soon as the market finds them cost effective. They end with: “U.S. oil policy should be to promote new capital investment in the United States, Canada, and other oil-producing countries that are politically stable, and promote stable government in those that aren’t.”