M. King Hubbert Quotes

Marion King Hubbert was an American geologist and geophysicist. He worked at the Shell research lab in Houston, Texas. He made several important contributions to geology, geophysics, and petroleum geology, most notably the Hubbert curve and Hubbert peak theory , with important political ramifications. He was often referred to as "M. King Hubbert" or "King Hubbert". Wikipedia

✵ 5. October 1903 – 11. October 1989

“The world's present industrial civilization is handicapped by the coexistence of two universal, overlapping, and incompatible intellectual systems: the accumulated knowledge of the last four centuries of the properties and interrelationships of matter and energy; and the associated monetary culture which has evolved from folkways of prehistoric origin.The first of these two systems has been responsible for the spectacular rise, principally during the last two centuries, of the present industrial system and is essential for its continuance. The second, an inheritance from the prescientific past, operates by rules of its own having little in common with those of the matter-energy system. Nevertheless, the monetary system, by means of a loose coupling, exercises a general control over the matter-energy system upon which it is superimposed.Despite their inherent incompatibilities, these two systems during the last two centuries have had one fundamental characteristic in common, namely exponential growth, which has made a reasonably stable coexistence possible. But, for various reasons, it is impossible for the matter-energy system to sustain exponential growth for more than a few tens of doublings, and this phase is by now almost over. The monetary system has no such constraints, and according to one of its most fundamental rules, it must continue to grow by compound interest.”

M. King Hubbert

"Two Intellectual Systems: Matter-energy and the Monetary Culture." Summary, by M. King Hubbert, of a seminar he taught at MIT Energy Laboratory, 30 September 1981, recovered from http://www.hubbertpeak.com/hubbert/monetary.htm

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