Commentary From Our Experts
Fossil Fuels: An Expanding Resource
By, Robert Bradley
Depletable resources deplete—which would seem to mean less and less for the future with ongoing production. But the actual statistics of oil, natural gas, and coal show the opposite. The more that is extracted, the more there is to extract. This is not the biblical story of the fishes and loaves. It is the result of resourceship, or entrepreneurship applied to resources in free economies.