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Quote by Kenneth S. Deffeyes

“The economists all think that if you show up at the cashier's cage with enough currency, God will put more oil in ground.”

Quote by Kenneth S. Deffeyes

Author

Kenneth S. Deffeyes

Kenneth S. Deffeyes, born in 1931, is a renowned geologist. He has made significant contributions to the field of petroleum geology, particularly in the areas of global oil resource distribution and future trends. Professor Deffeyes' career has been marked by his dedication to geological science, and his research has had a profound impact on global energy policy and environmental issues. more

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“Gold is not less but more rational than paper money. Money holds value so long as it is in limited supply; gold will always be in limited supply, and would require real resources to produce even from the sea; paper and printing ink are not in limited supply. The gold system is much closer to a modern automatic scientific control system than the crude and relatively unstable system of paper.”