6 "myths" about oil

FoxNews | Every American consumes an average of three gallons of oil a day. Republicans and Democrats call this reliance on oil an “addiction”—an irrational, self-destructive habit that must be broken as soon as possible. This year's BP oil spill disaster is only making the chorus to “end our addiction to oil” louder. But if we examine the most common arguments for this idea, we see that they are myths. Oil is a vital, viable, and desirable part of our energy future.

Economic freedom, not climate, is the fundamental determiner of human well-being. Left free to discover and harness energy, human beings can adapt to any change in weather. But there is no adapting to a mass, government-created drought of energy. There are already 1.5 billion people in the world who live without electricity. What they need is not a stagnant average global temperature; they need capitalism, including cheap, affordable fossil fuels.

The 6 myths about oil all count on the fact that we have not been taught to truly value or understand oil, the oil industry, and the capitalist system that have made them so prominent.

How often do we hear that oil is a source of incredible value to human life, past, present, and future? How often do we hear about of the forward-looking ingenuity of the oil industry and other energy industries to keep finding new and better ways to harness raw materials from the earth. How often do we hear about the great benefits of international trade in energy? Almost never.

It’s time to start talking about these positives and talk about liberating, not restricting, oil production. Otherwise, in the name of being “clean” and “green” we will adopt policies that will sentence ourselves and our children to energy poverty.