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I reject the peak oil theory insofar as it refers to technological limits on human ingenuity.

Robert P. Murphy

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Robert P. Murphy
Age: 48
Born: 1976
Born: May 23
Economist
Historian
New York City
New York
Robert P. Murphy
Reject
Technological
Rejects
Oil
Limits
Refers
Theory
Insofar
Human
Peak
Humans
Ingenuity

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Those who controlled private capital largely walked away from the US economy for the entire 1930s, refusing to pump in enough new investment even to replace the machinery and goods-in-process that were consumed during the decade.
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You don't help a depressed economy by giving control of its resources to politicians.
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Given the large uncertainties at each major step of the case for reliance on a carbon tax, economists should reconsider their current support for such a policy.
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