Campbell: Petroleum Man will be virtually extinct soon

By Colin J. Campbell

Oil was formed in the geological past under well understood processes. In fact, the bulk of current production comes from just two epochs of extreme global warming, 90 and 150 million years ago, when algae proliferated in the warm sunlit waters, and the organic remains were preserved in the stagnant depths to be converted to oil by chemical reactions.

Natural gas was formed in a similar way save that it was derived from vegetal material. It follows that these are finite natural resources subject to depletion, which in turn means that production in any country or region starts following the initial discovery and ends when the resources are exhausted.


The peak of production is normally passed when approximately half the total has been taken, termed the midpoint of depletion.

Oil has been known since antiquity but the first wells were drilled for it in the mid 19th Century in Pennsylvania and the on the shores of the Caspian. The Industrial Revolution was already in progress being driven by the steam engine, fuelled by coal.

But then in the 1860s, a German engineer found a way to insert the fuel directly into the cylinder inventing the Internal Combustion Engine, which was much more efficient. At first, it used benzene distilled from coal, before turning to petroleum refined from crude oil, for which it developed an unquenchable thirst.

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