Re-evolution and the Steady State of M. King Hubbert

Integrity, intellectual honesty, courage, focus, foresight, leadership, belief in the goodness of the American people. These are descriptions that spring to mind when thinking of M. King Hubbert. He was a visionary who believed in the power of ideas and the need to use intellectual rigour to analyse and manage change. As a research geophysicist he understood the problems posed by the reality of peak oil and the cultural catastrophe that lay before humanity unless it realised the non-recurring historical nature of the growth phenomenon.

In his presentation to the House of Representatives National Energy Conservation Policy Act Hearings in 1974, he acknowledged the problems of inflation, growth and monetization, but he understood their causes like no other. The fact that these same problems still exist today, to a greater degree 34 years later, shows the lack of effectiveness and understanding in World organizations. These general problems are too important to be left to institutions alone. Everybody counts. To solve current financial crises we must have a fundamental understanding of their makeup.

I think Mr. Hubbert provided posterity a great service in spelling out some of the core problems clearly and perhaps they can help us form the framework for a debate, creating a new paradigm of human comprehension, based on intellectual integrity and excellence rather than fraud and exploitation.

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