World oil peak comes within less than five years

World oil peak comes within less than five years
by arty Tuesday September 17, 2002 at 09:31 AM

In 2000, oil industry expert Dr. Colin Campbell lectured in Germany on the peak of world oil production.

Main Points :

- Conventional oil provides most of the oil produced today, and is responsible for about 95% all oil that has been produced so far.

- It will continue to dominate supply for a long time to come. It is what matters most.

- Its discovery peaked in the 1960s. We now find one barrel for every four we consume.

- Middle East share of production is set to rise. The rest of the world peaked in 1997, and is therefore in terminal decline.

- World peak comes within about five years.

- Non-conventional oil delays peak only a few years, but will ameliorate the subsequent decline.

- Gas, which is less depleted than oil, will likely peak around 2020.

... and you will understand why Mr. Bush (whose family is in the energy business) is so interested in taking control of the Middle East (and why European leaders will obey dictator Bush) :
http://www.washingtonpost.com/wp-dyn/articles/A18841-2002Sep14.html

... and guess who are among the next victims of the Bush junta ? :
http://news.bbc.co.uk/1/hi/world/africa/2255297.stm

arch/ive/ief (2000 - 2005)