Oil Will Be Replaced Not Because It's Oil, But Because It's Oil
Forbes·2026-03-31 16:55
378913 01: Pennzenergy Company Oil Exploration Drilling Rig In The Gulf Of Mexico During Sunset. (Photo By Getty Images)Getty ImagesOil won’t be what fuels economic progress forever. About what you just read, it’s not a comment on “global warming” or lack thereof. A much more likely reason for oil’s eventual obsolescence is that extraction of it has long been so lucrative. A drive through River Oaks in Houston, or attendance at college football games in Texas vivifies this truth.Impressive profits invariabl ...