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I agree, one would assume an economist would have this basic understanding of supply and demand.

• pasbesoin 15y ago
  There are the regulatory and market aspects. Would you want to make a major investment in U.S. development, right now? Or elsewhere, with the Chinese machine as competitors? There may be plenty of reserves. If other polities/economies can't get their act together to develop them, you still have a crisis. These days, the U.S. can't even manage its budget (not without a cr-pload of manipulative hysterics). I'm not altogether optimistic. Separately, they are messy projects. I hope we won't be forced into a "race to the bottom" in terms of ecological impacts.