Kyoto Protocol

Not one to let physical and economic reality get in the way of a good one-liner, Newt Gingrich recently remarked that the United States could "open up enough oil fields in the next year that the price of oil worldwide would collapse." But as Sharon Astyk reports on Casaubon's Book, it can take years to develop such resources. And, as demonstrated by the hurdles that have tripped up the proposed Keystone XL pipeline, getting far-flung crude to the right refineries can be a logistical nightmare. Sharon says that most of the interred oil "won't be economically viable to extract or move," and…