Campbell at Parliament

There is 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."

Jay - http://dieoff.com/page1.htm