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.