Sometimes when I am threatened by rare sensations of optimism, I go to The Oil Drum, one of the best sites on the Webz for professionals' take on the petroleum situation in the world. Re Gingrich, Oil Drum says
During the CNN Republican presidential debate Tuesday, November 23, Newt Gingrich made statements about U.S. potential oil supply that reveal either total ignorance of energy or supremely dangerous demagoguery. He stated that the United States could discover and produce enough oil in 2012 to cause a worldwide oil price collapse.
Read it all here. There is no drill baby, drill possible in this world. The Oil Drum merits respectful study; those folks know a thing or two about oil, and they're not optimistic about the whole deal.