> Right. The problem is failure to account for external
> costs, not any absolute shortage of productive resources
> per se.
Wrong, the problem is absolute shortage per se.Otherwise how actually do you explain the world outside US frontiers?
> > . . .
> > In short, the world ain't gonna run out of oil for some time to
> > come.
>
> Even so, there's still quite a bit of coal and
> nuclear out there.
No, there isn't. Nuclear requires more calories than it produces. That's why it's uneconomic. It's been subsidised by cheap oil. Coal is highly entropic. By 2050, according to some estimates, it will take mroe than the enegry in a ton of coal to get another ton of coal out. Coal is absolutely not a substitute which would permit everyday life as we know it to continue.
Mark