Quotation of the Day…

by Don Boudreaux on September 5, 2011

in Complexity & Emergence, Energy, Hubris and humility, Myths and Fallacies, Property Rights

… is from page 197 of Ron Chernow’s 1998 biography of John D. Rockefeller, Sr., Titan:

In 1875, Henry E. Wrigley, the head of the Pennsylvania Geological Survey, issued a doomsday warning that the state – and hence the world – production of oil had peaked and would soon experience a precipitous decline, aggravating fears that had overshadowed the oil industry since its inception.


16 comments    Share Share    Print    Email

Previous post:

Next post: