On May 26, 2011, the Financial Post published a summary of MLI Managing Director Brian Lee Crowley's Commentary, "Are We Running Out of Natural Resources?"

In his Commentary, Crowley discusses the mistaken premise that fossil fuels are finite. He says, "It may be true that there is a finite quantity of such resources in the earth's crust, but that does not mean that we will ever run out." An excerpt of his reasoning below:

Why? Because human intelligence and ingenuity have consistently and repeatedly unlocked technological and scientific advances that have raised the standard of living of each generation compared to its predecessor, while increasing the ability of human society to support larger numbers of people and increasing the carrying capacity of the planet.

Read full Commentary here

 

4 Comments, RSS

  • Dwight Powell

    says on:
    May 27, 2011 at 6:09 pm

    Hi,
    I generally agree with your commentary about, not running out of resources. But I believe you are mistaken in referring to oil and gas as fossil fuels. I do not believe it is possible or plausible these resources were formed from the decay of plants and animals. I can't prove it, but there is no question that I am right. I believe these fuels have been and are formed thru natural chemical processes within the earth. Perhaps we are using it faster that it is being produced but it is being produced constantly.

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