The world's economy is at a crossroads. Solar energy, wind energy, geothermal energy, bio-fuels, and all other current alternatives are clearly not the solution to our near term energy needs. We must accept this, perhaps swallow a little pride, and accept the idea that we really need all the oil and gas we can find and produce.
Meanwhile, fortunately, the idea that the burning of fossil fuels and the consequent release of "fossil" carbon dioxide as the cause of global warming and/or climate change is being proven to be false (if not an outright fraud and hoax). See here for more on global warming/climate change.
The following article is an excellent summary of the timeline of how this transformation of the oil and gas business has come about. All geologists, geophysicists, engineers, and others, should take note.
The bottom line is, we have and can produce A LOT of oil and natural gas. "Peak Oil" has been pushed ahead. This is good for our economy; it is good for us; it might help us get on the road back to growth and prosperity. It buys us time to develop the inevitable alternatives. Parents, "teach your children well".
Here is a pertinent excerpt from the following article: