Did you know that U.S government technocrats have been predicting the end of oil production since oil was first discovered in America in Titusville, Pennsylvania in 1866?

In 1866, shortly after the Pennsylvania discovery, the U.S. Revenue Commission told that nation that once oil production ended in America, as it expected, there would be no need to worry about the availability of “synthetics.”

In 1909, the U.S. Geological Survey (USGS) warned that if the U.S. petroleum industry continued “the present rate of increase in production, the supply would be exhausted by about 1935.”

In 1922, the same agency forecast that oil supplies would dry up by 1942 at the latest.

In 1885, the USGS said there was little or no chance of finding oil in California.

In 1891, the USGS said there was little or no chance of finding oil in Texas.

In 1908, the USGS forecast the maximum future oil supply as 22.5 billion barrels.

In 1914, the U.S. Bureau of Mines warned that there were only 5.7 billion barrels of oil left.

In 1939, the U.S. Department of the Interior predicted that the United States would run out of oil by 1952.

In 1949, the Secretary of the Interior warned that the “end of U.S. oil supplies is in sight.”

In 1951, the U.S. Department of the Interior revised their prediction that oil supplies would run out by 1964.

In 1947, the Department of State warned that “sufficient oil cannot be found in the U.S.”

Is Peak Oil a valid theory?
(more…)