THE ECONOMIST: OIL TO SOON BE OBSOLETE

Hydrogen fuel cells and other ways of storing and distributing energy are no longer a distant dream but a foreseeable reality. Switching to these new methods will not be easy, or all that cheap, especially in transport, but with the right policies it can be made both possible and economically advantageous. Unfortunately, many of the rich world's governments—and above all the government of America, the world's biggest oil consumer—are reluctant to adopt the measures that would speed the day when the Saudis' worst fears come true.

[Energy has not been The Economist's strong suit, however. They had a cover with the caption "Awash in Oil" and an article about how oil would be cheap indefinitely, right before oil prices started climbing.]