Energy Markets Confront the Post-Petroleum Era

Focusing on the supply side of the petroleum markets isn’t the right way to come at this, at least from my perspective. There are more than 300 million acres of public land now available for oil leasing in the United States. Oil companies are currently sitting idle on nearly 70 million of those acres, so there’s plenty of room for new drilling and exploration – we don’t need to add more acreage to the mix.

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