Contrary to what is widely believed, new energy discoveries announced this year have guaranteed that the world will have abundant supplies of oil and natural gas into the foreseeable future.The discoveries include massive new reserves of natural gas in the United States and China, natural gas off the coast of Australia, and giant oil fields off the coasts of South America and Africa.For many years, doomsday theorists have predicted “peak oil”, the imminent moment when oil production reaches a pe…
