Dead wrong on oil. The green doomsayers have repeatedly claimed the fuel is disappearing

The Washington Times reports:

The falling price means, of course, an expanded supply. But now listen to President Obama, who has lectured the nation on energy as if he were one of the top experts for the last eight years.

In a 2008 Speech in Lansing, Michigan, presidential candidate Obama was all doom and gloom about oil, advising: “We cannot sustain a future powered by a fuel that is rapidly disappearing.”

Then in 2010 from the Oval Office he solemnly declared: “We’re running out of places to drill,” and he jeered that the oil and gas industry might want to start pumping for oil near the Washington Monument.

During a 2011 weekly address he referred to oil and gas as “yesterday’s” energy sources.
Then during a speech at Georgetown University, he pontificated: “The United States of America cannot afford to bet our long-term prosperity, our long-term security on a resource (oil) that will eventually run out.”

By the way this discredited Malthusian belief that we are running out of oil is still widely believed by many scientists and pundits as well. Paul Krugman of The New York Times wrote in 2010 that “the world is fast approaching the inevitable peaking” of global oil production and that “world commodity prices are telling us that we’re living in a finite world.”

That was when prices were abnormally high. So if high prices tell us we are running out, then obviously low prices must tell us supply is rising.

These stupid predictions of the end of oil have been going on for most of the last century. Just over 100 years ago, the U.S. Bureau of Mines estimated total future production at 6 billion barrels, yet we’ve produced more than 20 times that amount. In 1939 the Department of the Interior predicted U.S. oil supplies would last 13 years. I could go on.

You'll want to read the entire article. Just a reminder , the next time you hear green energy is the future. If Barack Obama and Paul Krugman were such energy experts , they'd be trading crude oil futures and constantly be buying out of the money calls according to their failed theory.