Air renews itself naturally, as does water. Why should oil or natural gas be different? The scenario of a modern industrial society, doomed to outlive the affordable hydrocarbon fuels that have made economic growth and prosperity possible, is consistent with a secular society desperate to replace God and Divine Providence with central planning imposed by a crushing state bureaucratic apparatus. In the 1950s, Sinclair Oil sold gasoline to motorists under a logo that featured a green dinosaur, while Shell Oil employed an executive who sought to prove the end of “fossil fuels” was at hand by adapting the graph of a normal distribution that is taught to every Statistics 101 college student. More than sixty years later, the world still has abundant hydrocarbon fuels, even though Sinclair Oil has dropped the dinosaur logo.
Major oil companies appear ready to drop fossil fuel illusions. A Shell Oil executive has expressed doubt on national television that peak production theory is correct. “The peak oil theory has really swamped the world,” John Hofmeister, then the president of Shell Oil’s US operations, said on CNBC’s Squawk Box show on March 20, 2008. “God Bless Matt Simmons. His assumptions are correct based on his hypotheses, but his hypotheses are too narrow.”134 This is a remarkable admission from the company that produced M. King Hubbert. There is no reason America should be dependent upon foreign sources for oil. There is no reason we should be paying exorbitant amounts for a gallon of gasoline at the pump. Allowed to do their job without unnecessary government intervention, independent producers in conjunction with major oil companies should be able to provide Americans with an abundant supply of inexpensive energy for decades to come, especially if Americans are finally told the truth that oil and natural gas are not now and never were fossil fuels....<<<Read More>>>...