This chapter explores details behind the phenomenal increase in global crude oil production over the last century and a half and the implications if that trend should be reversed. I document that a key feature of the growth in production has been exploitation of new geographic areas rather than application of better technology to existing sources, and suggest that the end of that era could come soon. The economic dislocations that historically followed temporary oil supply disruptions are reviewed, and the possible implications of that experience for what the transition era could look like are explored.

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When it comes to figuring out how Keystone XL finished in such a pickle, there is no end to the blame game. You can pin the plight on Hollywood stars such as Margot Kidder and Robert Redford, who lent their names to environmental protests; or the environmentalists themselves, labeled by Canada's Nat...

When it comes to figuring out how Keystone XL finished in such a pickle, there is no end to the blame game. You can pin the plight on Hollywood stars such as Margot Kidder and Robert Redford, who lent their names to environmental protests; or the environmentalists themselves, labeled by Canada's Nat...

President Barack Obama on Jan. 13 proposed moving the National Oceanic and Atmospheric Administration out of the Commerce Department and into the Interior Department. It's one prong of a reorganization plan meant to make the government more efficient and helpful to business with less duplication, Ob...

President Barack Obama on Jan. 13 proposed moving the National Oceanic and Atmospheric Administration out of the Commerce Department and into the Interior Department. It's one prong of a reorganization plan meant to make the government more efficient and helpful to business with less duplication, Ob...