2 Dec 2005
“The World Isn’t Running Out of Oil” … or is it? Let’s ask the Oil Companies…
All the indications are that we are nearing the peak in world oil production, indeed, if Kenneth Deffeyes, author of ‘Beyond Oil’, is to be believed, it passed a couple of weeks ago. Predictions from a range of writers and professionals seem to be converging into two ‘clumps’. The one group, who comprise mostly people with a background in geology, such as Colin Campbell and Chris Skrebowski, tend to gather around 2007-2010 as the date for the peak. A second group, mostly economists or Government bodies, present more optimistic scenarios, around 2020 -2035. But what of the oil companies? What do those who ultimately hold the true reserves data that most other researchers can only guess at, have to say about when we might reach the peak?
As part of the research for his 2002 paper [“Global Oil and Gas Depletion – an overview