Five years ago , some oil market speculators became convinced that the world was nearing the limits of oil production . a year , speculators predicted that oil production was peaking . David Frum says recent evidence is that energy sources are plentiful . Mexico and Iraq can produce much more oil , and U.S. is awash in natural gas , he says . Frum : Gas surplus is enabling Mexico to reduce carbon emissions that change climate .
a year , speculators predicted that oil production was peaking . David Frum says recent evidence is that energy sources are plentiful . Mexico and Iraq can produce much more oil , and U.S. is awash in natural gas , he says . Frum : Gas surplus is enabling Mexico to reduce carbon emissions that change climate .