GOOD NEWS THAT I HOPE IS TRUE: Roger Stern has an article in the Proceedings of the National Academy of Sciences arguing that oil is, in fact, plentiful, and that supply issues are politically driven. PDF version is available here.

Okay, it’s only sort of good news, as you’ll see if you read the whole thing.

UPDATE: Reader Daniel Reinhold sends this link to a paper on oil supplies.

ANOTHER UPDATE: More from Roger Simon.