| Colin Campbell (geologist) |
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Influential papers by Campbell include ''The Coming Oil Crisis'', which he wrote with Jean H. Laherrère in 1998, and is credited with convincing the International Energy Agency of the coming peak; and ''The End of Cheap Oil'', which was published the same year in '' Scientific American ''. He was dubbed a "doomsayer" on the front page of '' The Wall Street Journal '' in 2004 . Association For The Study Of Peak Oil And Gas founded by Campbell is gaining recognition in the recent years. They have organised yearly international conferences 2002-2005. The last one was held in Lisbon in May 2005, the next one will be held in Tuscany in July 2006. EARLIER PREDICTIONS The oil industry started when Edwin Drake drilled the first commercially-successful Oil Well in 1859 in the Appalachian Mountains of the United States , near Titusville, Pennsylvania . The first serious prediction of an oil peak came in 1875, when the state Geologist of Pennsylvania claimed that the oil would soon dry up. The most famous oil peak theorist is M. King Hubbert , who predicted in 1956 that oil production would peak in the United States in 1970 , in what became known as the Hubbert Curve . His theories became popular during the 1973 Energy Crisis , and during 1979 Energy Crisis when even the United States Secretary Of Energy , James Schlesinger , announced that the peak had arrived. The USGS predictions on US productions were highly optimistic and inaccurate. The oil crises of the 1970s were alleviated because there were still untapped resources available for exploration. New technology like Reflection Seismology started the shift in oil production from the United States to Venezuela , Russia , and especially the Middle East . In december 2000 Colin Campbell warned in a public lecture held in Clausthal University of a possible 'ill conceived military intervention in the Middle East'. CURRENT DEBATE However, oil discovery did peak in the 1960s , and since the early 1980s oil production has outpaced new discoveries. The world currently consumes oil at the rate of 84 million Barrel per day (151 m³/s), and consumption is rising, particularly in China . None of this is particularly controversial; the oil industry itself is spending less than half as much on exploration as a decade ago. According to Campbell:
Campbell predicts that this peak will cause a catastrophic world-wide Economic Depression . The dominant theory, held by the oil industry and other agencies like the United States Department Of Energy , is that oil production will continue to increase, due to Technological advances and the Geopolitical pressure caused by rising oil prices. They argue that:
The Hirsch Report done for the U.S. Department Of Energy in 2004-2005 challenges that and proposes an urgent mitigation approach to deal with the possibility of oil production going into decline in the immediate future. It states: "The peaking of world oil production presents the U.S. and the world with an unprecedented risk management problem. As peaking is approached, liquid fuel prices and price volatility will increase dramatically, and, without timely mitigation, the economic, social, and political costs will be unprecedented. Viable mitigation options exist on both the supply and demand sides, but to have substantial impact, they must be initiated more than a decade in advance of peaking." The current debate revolves around energy policy, and whether to shift funding to increasing Fuel Efficiency , and Alternative Energy sources like Solar and Nuclear Power . Campbell's critics, like Michael Lynch, argue that his research data is sloppy. They point to the date of the coming peak, which was initially projected to occur by 1995, but has now been pushed back to 2007. However, Campbell and his supporters insist that ''when'' the peak occurs is not as important as the realization that the peak is coming. PERSONAL BACKGROUND Campbell has over 40 years of experience in the Oil Industry . He earned a Ph.D. in Geology from the University Of Oxford in 1957, and has worked as a Petroleum Geologist in the field, as a manager, and as a consultant. He has been employed by Oxford University , Texaco , British Petroleum , Amoco , Shenandoah Oil , Norsk Hydro , and Fina , and has worked with the Bulgaria n and Swedish governments. His writing credits include two books and more than 150 papers. More recently, he founded the Association For The Study Of Peak Oil And Gas , is affiliated with Petroconsultants in Geneva , is a trustee of the Oil Depletion Analysis Center in London . He conducts research on the Oil Peak , and he also tries to build public awareness of the issue, which includes lecturing extensively. He addressed a committee of the British House Of Commons , and officials from investment and automotive companies. He has appeared in two Documentary Film , '' The End Of Suburbia '' and '' Peak Oil – Imposed by Nature '' by Amund Prestegard in Norway. SEE ALSO
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