Then end of the oil age, it’s not all that bad…

http://theseoultimes.com/ST/?url=/ST/db/read.php?i…

National

The World at $100 A Barrel

Special Contribution
By Alex Nosal

Two years ago in May of 2002, a group of international petroleum specialists met at Uppsala University in Sweden for a two-day conference to discuss the world’s oil supplies. The result was a consensus that global supplies of crude oil will peak as early as 2010 (or earlier) and then start to decline, ushering in an era of soaring energy prices and economic upheaval.

This stands in stark contrast to the projections given by a U.S. government study done two years earlier, which predicted that the peak date would not occur until 2036. Dr. Colin Campbell, author of “The Coming Oil Crisis,” and a retired geologist who helped organize the conference, explained this discrepancy by pointing out that oil companies prefer not to talk about it for fear of upsetting their investors.