The Houston based president of Shell Oil, John Hofmeister, is now stating that
“The peak oil theory has really swamped the world. God bless Matt Simmons,” Hofmeister said. “His assumptions are correct based on his hypotheses, but his hypotheses are too narrow.”

These ideas of limited oil have been advocated by scientist for a long time. Initially many scientists at the US Geological Service in 1891 claimed that there would never be oil found in Texas. Then the claim was that there will never be big oil finds in Texas. Then in 1909 the government scientists at the US Geological Survey claimed that we would run out of oil by the 1939. In 1922, that same agency revised its forecast to 1942. When 1939 rolled around the US Departmetn of the Interior predicted that oil would run out in 1952. Each of these predictions by ‘expert’ scientists have proven to be fallacies. Is Hofmeister just another one of these false predictions?

It is also noteworthy that it was government agencies that were wrong again and again. Can you believe the government when it comes to oil? Well, history shows that you can not.

(For more on such predictions, see How Capitalism Saved America by Thomas J. DiLorenzo)

Free Texas!

J Murrah

Books, Current Affairs, finite oil theory, history of oil predictions, John Jofmeister, oil prices, Science, Shell oil, Texas, Texas oil predictions, US departmetn of Interior, US geological service

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