I’M OLD ENOUGH TO REMEMBER WHEN BARACK OBAMA SAID WE COULDN’T DRILL OUR WAY OUT OF AN OIL SHORTAGE: U.S. Oil Reserves Bigger Than Saudi Arabia’s. “The Rystad Energy consultancy has just released its new calculations of global oil reserves and estimates that the U.S. may harbor as much 264 billion barrels of oil compared to Saudi Arabia’s 212 billion barrels. Overall, world oil reserves exceed 2 trillion barrels. At current production rates, this is enough oil to supply the world for 70 years.”

The thing is, without a crisis you lose important opportunities for graft and control.