We will witness the dawning of an era of exuberance regarding matters petroleum, a time of optimism comparable to the Roaring Twenties and the recently expired housing boom that was inflated by phony mortgages. Peak-oil theorists, those people foolish enough to believe that a nonrenewable resource is eventually exhaustible, will be vilified as alarmists. American consumers, mollified by falling petroleum prices and the promised availability of more exploitable oil reserves, will breathe sighs of relief.
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