Peak Oil? No. Peak National Debt? If Only.

Yesterday brought news of finding some surprises in the sofa cushions. On the bad side, Barack Obama found an extra $2 trillion in crippling national debt. On the good side, some oil companies found a couple billion and a couple hundred million new barrels of recoverable oil. I have taken the Peak Oil concept to task here at NBfPB many times. Refreshingly, the NY Times gave Michael Lynch space to shoot down Peak Oil silliness yesterday.