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Quote by Kenneth S. Deffeyes

Work

Hubbert's Peak: The Impending World Oil Shortage

This book delves into the concept of peak oil, which posits that the world's oil production will reach its maximum and then decline. It examines the potential consequences of this phenomenon on energy markets, economies, and geopolitical relations. more

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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“This much is certain... No initiative put in place starting today can have a substantial effect on the peak production year. No Caspian Sea exploration, no drilling in the South China Sea, no SUV replacements, no renewable energy projects can be brought on at a sufficient rate to avoid a bidding war for the remaining oil.”

“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.”