The Incontiguous Brick

June 15, 2007

Geologist vs. Economist

Filed under: Conspiracy,Money,Our World,politics,Warnings — iknowkeith @ 4:00 pm

Let me tell a little story…

Once upon a time a man said something scary and nobody listened.

Colin Campbell used to be a geologist at BP, Amoco, Texoco, and many more oil companies. He has a PhD in Geology from Oxford, has published extensively in scientific journals and has working in the field of petroleum geology for over 40 years. Now he is the head guy of the London-based Oil Depletion Analysis Centre and founder of the Association for the Study of Peak Oil and Gas.

According to Dr. Campbell:

    we have only 4 years left before the world hits peak oil and begins a rapid decline in oil production that will not stop. He equates it to drinking a glass of beer, the faster you drink the faster it becomes an empty glass (no refills). I like a man that compares the world to a giant glass of beer. But that is not the point of this story.

Peter Davies is the chief economist at BP oil.

Peter Davies says that Dr. Campbell is full of horse dookie. He says the Peak Oil theory is just balony. Mr. Davies says the world will never run out of oil. I guess that would be a never ending keg of beer with your mouth on the tap. Drink up.

I think I would need a keg of beer before I will be convinced that an economist has a better grasp on the inner-workings of our planet than a top geologist in the oil industry.

Come on guys. How long can the oil companies lie to the world?
If Dr. Campbell is correct, about 4 more years…
bassaleemptyglass.jpg…and everybody know the last sip is always the worst.

5 Comments »

  1. Funny how the oil guys never answer the question: peak oil doesn’t say we run out, it says we maximize our extraction rate. Big difference.

    Comment by JimDesu — June 15, 2007 @ 4:11 pm | Reply

  2. Sad part is that if we one is right, we’re not ready…and if the other’s right, there’s nothing to worry about.

    Here’s a great set of graphs over at The Oil Drum that have all (from cornucopian to doomer) of the credible petroleum models all in one place…

    http://www.theoildrum.com/node/2620

    Cool website!

    Comment by Schloop — June 15, 2007 @ 4:22 pm | Reply

  3. The Peak Oil Theory is just like the Theory of Evolution. We have observable proof and experimental proof of both yet there are uninformed or unscrupulous people out there trying to fleece the world for a little bit of short term profit. Strangely, the long term profits that could be gained by acting on even the Dooms Day scenario of running out of easily accessed oil would be and are immense if slightly less concentrated.

    Comment by Daniel — June 15, 2007 @ 5:34 pm | Reply

  4. […] reading this snippet about geologists vs. economists, I feel obligated to weigh in with a few quick […]

    Pingback by The Cost of Energy » Blog Archive » Geologists vs. economists — June 17, 2007 @ 10:09 am | Reply

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