WITH OIL SELLING TODAY AT HISTORIC LOWS, it’s a good time to recall all the “experts” who bought into the “peak oil” nonsense, including Paul Krugman. PK even dismissed the notion that domestic production would perk up if oil prices rose: “Seriously, don’t believe the hype: history says that these things always fall short of expectations.” Uh, huh.

UPDATE: I ain’t just casting stones here. Way back in 2006, well before Krugman picked up the baton, I criticized blogger and purported Mideast expert Juan Cole for spinning an “elaborate, economically illiterate theory” on Israeli and American Mideast policy with “reference to something called ‘peak oil.'”