I just discovered an excellent piece that explains the oil situation quite
well. Dr. Colin Campbell made a Presentation to the British Parliament on
July 7, 1999. After providing extensive background material he presented
future scenarios. Here are a couple of samples:
"For example, they might read an official report showing that Norway's
production is set to halve by 2006. Norway is the world's second largest
exporter."
"I think that a price shock around 2001, if not before, from Middle East
control is inevitable and will probably trigger a stockmarket crash."
"I think it is absurd that the management of the depletion of the world's
supply of its most important fuel should be left to a few feudal families
controlling the Middle East. The consuming governments should recognize
where their interests lie."
Go to http://www.hubbertpeak.com/ and you will find a link to "A
Presentation to the British Parliament by Dr. Colin Campbell, July 7, 1999."
You will also find many energy papers at my site http://dieoff.com/page1.htm
Jay
