I really share Angus's view that a shortage of energy is not our problem. It is important to take a historical view. We began to have serious conversations in Pittsburgh about running out of oil in 1880, about twenty years after the oil industry began. Consistently over the last hundred years, we've seen reserve-to-production ratios that have been roughly flat, and we've seen people continuously thinking they're going to run out of resources in twenty or thirty years. There are some long-run reasons why we haven't, and we're not going to this time. We have a serious environmental problem of climate change. We don't have a serious problem of running out of fuel.
On December 7th, 2006. See this statement in context.