Nick Gillespie has a trenchant op-ed in the Wall Street Journal that reviews many of the false alarms of the last decade while previewing some other problems that will be blown all out of proportion in the next 10 years."Peak oil," for instance:You don't have to be a global-warming alarmist to wonder just when the world's oil reserves are finally going to dry up and drive the price of oil through the roof, thereby ushering in a glorious age of energy created by hamsters on exercise wheels or some other renewable source. Conservatives who are into energy independence (such as former Gov. Sarah Palin) are also rooting for "peak oil," the moment at which oil reserves go into irreversible decline, as it means that increasing domestic production will become politically possible.The funny thing is, peak oil has been predicted with regularity for decades now and something always gets in the way: new reserves are discovered, prices collapse due to economic slowdowns, new...(Read Full Post)