Economist Julian Simon, former professor of business administration at the University of Maryland and a senior fellow at the Cato Institute, was famous for taking a contrarian position on energy resources, arguing that our perception of scarcity was not validated by the current or historical factual record of energy abundance.
Simon traced fears of energy resource exhaustion back to an 1865 book published in London by W. Stanley Jevons, one of the 19th century's greatest social scientists, titled "The Coal Question: An Inquiry Concerning the Progress of the Nation, and the Probable Exhaustion of our Coal-mines." Jevons argued that Great Britain's industrial progress would grind to a halt because industry would soon use all available coal. Jevons further concluded that there was no chance oil would be an alternative resource able to solve the problem. 
"What happened?" Simon asked.
His answer: "Because of the perceived future need for coal and because of the potential profit in meeting that need, prospectors searched out new deposits of coal, investors discovered better ways to get coal out of the earth, and transportation engineers developed cheaper ways to move the coal."
Similarly, Simon traced the fears in the United States back to an 1885 U.S. geological survey that declared there was "little or no chance" oil would ever be found in California. In 1939, the U.S. Department of the Interior argued U.S. oil resources would be exhausted in 13 years. Then, when that prediction proved a false alarm, the Department of the Interior revised its estimate and declared that it was from 1951 that U.S. oil would be exhausted in 13 years.
Simon argued gloomy predictions about running out of oil, coal or any other energy resource including natural gas, were typically wrong for several reasons...
"Simon's energy resource analysis essentially maintains that we will be running automobiles with nuclear batteries long before we run out of oil," Corsi wrote. "Another point consistent with Simon's analysis is that technologies have been developed permitting the clean burning of coal, while coal resources in the United States yet remain among the most abundant on the earth. In the final analysis, nuclear power is the final inexhaustible energy resource.
"Moreover, the development of nuclear power plants to provide electricity to U.S. cities on a scale developed in nations such as France would serve the dual purpose of providing infrastructure jobs that conceivably could match the jobs created by President Eisenhower's decision to build the interstate highway system, while providing cheap, safe and efficient energy to satisfy our municipal needs indefinitely."
Today, the U.S. Navy runs ships around the world predominately on nuclear power, without a history of life- or environmental-threatening accidents.
Corsi noted that the one energy resource that is truly renewable and sufficiently robust to produce the energy required in the 21st century is nuclear power.
Why the world will never run out of energy
