"Then there are governmental wacko teachings. In 1914, the U.S. Bureau of Mines predicted our oil reserves would last 10 years. In 1939, the U.S. Department of the Interior revised the estimate, saying that American oil would last 13 years. In 1972, the Club of Rome's report "Limits to Growth" said total world oil reserves totaled 550 billion barrels.
With that report in hand, then-President Jimmy Carter said,......"
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