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Page added on June 17, 2008

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Ex-British Army Chief in Iraq Confirms Peak Oil as Motive for War


Brigadier-General James Ellery CBE, the Foreign Office’s Senior Adviser to the Coalition Provisional Authority in Baghdad since 2003, confirmed the critical role of Iraqi oil reserves in potentially alleviating a “world shortage” of conventional oil. The Iraq War has helped to head off what Brigadier Ellery described as “the tide of Easternisation”


Last month geological surveys and seismic data compiled by several international oil companies exploring Iraqi oil reserves showed that Iraq has the world’s largest proven oil reserves, with as much as 350 billion barrels, significantly exceeding Saudi Arabia’s 264 billion barrels, according to a report in the London Times. Former Bush administration energy adviser Matthew Simmons, author of the book Twilight in the Desert, says that Saudi oil production has probably already peaked, with production rates declining consecutively each year. This month the UK Treasury Department warned of the danger of an oil supply crunch by 2015, due to rocketing demand from China and India.


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