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Re: [greenyes] Bleak Projection of Peak Oil Production


If you're intereste in learning more about Campbell's theories, visit the following website: http://www.oilcrisis.com/campbell/

His 1997 book "The Coming Oil Crisis" was an interesting read.

Peter Anderson wrote:

THE GUARDIAN (Gr. Britain)

The end of oil is closer than you think
Oil production could peak next year, reports John Vidal. Just kiss your lifestyle goodbye
John Vidal
Thursday April 21, 2005

The one thing that international bankers don't want to hear is that the second Great Depression may be round the corner. But last week, a group of ultra-conservative Swiss financiers asked a retired English petroleum geologist living in Ireland to tell them about the beginning of the end of the oil age.

They called Colin Campbell, who helped to found the London-based Oil Depletion Analysis Centre because he is an industry man through and through, has no financial agenda and has spent most of a lifetime on the front line of oil exploration on three continents. He was chief geologist for Amoco, a vice-president of Fina, and has worked for BP, Texaco, Shell, ChevronTexaco and Exxon in a dozen different countries.

"Don't worry about oil running out; it won't for very many years," the Oxford PhD told the bankers in a message that he will repeat to businessmen, academics and investment analysts at a conference in Edinburgh next week. "The issue is the long downward slope that opens on the other side of peak production. Oil and gas dominate our lives, and their decline will change the world in radical and unpredictable ways," he says.

Campbell reckons global peak production of conventional oil - the kind associated with gushing oil wells - is approaching fast, perhaps even next year. His calculations are based on historical and present production data, published reserves and discoveries of companies and governments, estimates of reserves lodged with the US Securities and Exchange Commission, speeches by oil chiefs and a deep knowledge of how the industry works.
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If he is correct, then global oil production can be expected to decline steadily at about 2-3% a year, the cost of everything from travel, heating, agriculture, trade, AND ANYTHING MADE OF PLASTIC RISES [capitalization added]. And the scramble to control oil resources intensifies. As one US analyst said this week: "Just kiss your lifestyle goodbye."
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FOR FULL ARTICLE: http://www.guardian.co.uk/print/0,3858,5175212-110373,00.html
_________________________
Peter Anderson, President
RECYCLEWORLDS CONSULTING
4513 Vernon Blvd. Suite 15
Madison, WI 53705-4964
Ph: (608) 231-1100
Fax: (608) 233-0011
Cell: (608) 698-1314
eMail: anderson@no.address
web: www.recycleworlds.net








--
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Autor do livro "Solid Wastes and Recycling Policy in Latin America & the Caribbean"
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