Dirk McCoy

Energy Myths for the 21st Century

Global living standards, including here in the US, have risen as population has risen. Julius Simon made a bet decades ago that as more people had better living standards, commodity prices would fall- he was right. We now recycle more steel from old cars than use it to build new cars.

We will never run out of oil because, at some point, we'll have converted so much sand (which we won't run out of any time soon) into solar panels that it will be cheaper than $200 oil- and the oil that's left will rot in the ground.