The world has far more oil than the dire claims of the far left environmentalists. Even the biased New York Times has to concede as much in a page one article today. Is the debate about oil "over," or is there much more to be said? Is the gloom and doom crowd far off base? Judge for yourself:

Excerpts from a page one story in this morning's New York Times:

Complete article available online at http://www.nytimes.com/2007/03/05/business/05oil1.html?_r=1&hp&oref=slogin

"With plenty of oil still left in familiar locations, forecasts that the world's reserves are drying out have given way to predictions that more oil can be found than ever before."

Quoting Daniel Yergin, author of a Pulitzer Prize for his history of oil: "It's the fifth time to my count that we've gone through a period when it seemed the end of oil was near and people were talking about the exhaustion of resources..... Back then [in the 1880s, 1920s, 1950s, and 1970s] we were going to fly off the oil mountain. Instead we had a boom and oil went to $10 instead of $100."

Quoting Chevron engineer Jeff Hatlen: ""That's why peak oil is a moving target. Oil is always a function of price and technology."

Complete article available online at http://www.nytimes.com/2007/03/05/business/05oil1.html?_r=1&hp&oref=slogin