A World Awash in Oil?

That's the tantalizing proposition offered by a report issued this week by Cambridge Energy Research Associates, which says there may be as much as 3.74 trillion barrels of oil available ‚– more than three times some other widely publicized estimates‚–and notes that the world hasn't even reached the point where the supply has peaked. Read more ...
US News and World Report

It is any wonder why companies are reluctant to invest billions into alternative energy solutions. The Federal government has a role to play in establishing a market price that accurately reflects the true costs of fossil fuel. Any formula should include the impact on health, on the environment, and for funding the research to develop a replacement for fossil fuels.