I love people who predict the future of oil and gas specifically and anything else in general. When you read things like "In 1885, the US Geological Survey announced that there was “little or no chance” of oil being discovered in California. In 1891, it said the same thing about Kansas and Texas. (See Osterfeld, David. Prosperity Versus Planning : How Government Stifles Economic Growth. New York : Oxford University Press, 1992.)" One thing is certain, the world will never have a shortage of idiots. Yep, that is right. In the 19th century science proved there was absolutely no chance that oil could be discovered in Texas. In AD 1901 Captain Lucas, a man uneducated in the scientific method, stuck a straw in the ground at Spindletop and guess what happened. I grew up across the street from the Spindletop Field and they were still drilling wells in Jefferson County when I retired 2 years ago, science is wrong more often than it is right. I think about this every time I read a "global warming" article. outrunchange/2013/03/07/failed-predictions-of-resource-exhaustion-peak-oil-19/
Posted on: Fri, 14 Jun 2013 00:27:47 +0000