Peak Oil News: On the Precipice: Energy Security and Economic Stability on the Edge

Tuesday, July 17, 2007

On the Precipice: Energy Security and Economic Stability on the Edge

Association for the Study of Peak Oil & Gas

By Daniel L. Davis

I am a Major in the United States Army. When looking at this report for the first time, one may legitimately ask why an Army officer is writing about energy issues. The genesis for this project began many months ago when I was conducting research for a project related to the development of the future force in the US Army. I believed it was important to include an effective assessment of what the world might look like in the year the force was projected to complete its initial fielding (2030). So I set out to discover what some of the best minds in the world had to say about what the world might look like 20-plus years from now. Specifically, I intended to examine population growth, food production, water availability, and energy supplies. What I discovered shocked me.

Just under the radar of general public visibility a campaign has been waged for the past five or six years by geologists, scientists, economists, and former oil company executives to educate and inform all who would listen concerning serious supply issues related to the world’s primary energy source: crude oil. Like most people, I had never heard of the term “peak oil” before 2003, and had not given any thought to the possibility of what might happen if the supply of oil were to plateau and subsequently decline. After reading literally hundreds of sources on the subject and interviewing some of the key figures in the field, my eyes were indeed opened.

Amply supplied with significant amounts of research material, I felt an obligation to put pen to paper and write a report on the subject. The American public must first be made aware of the scale of this encroaching problem; it will then become apparent that significant Government action is required.

The ultimate objective of this report is to encourage the United States Government to immediately initiate a series of detailed studies to ascertain the true nature of the threat posed by the peaking of world oil production, and to begin now building the foundation for action that will be necessary the inevitable day the peak occurs. As pointed out by several leading authorities, the lead time for meaningful mitigating action is measured in decades. It is critical, therefore, that action begin now.

Finally – but critically – I wish to express my sincerest thanks Dr. Colin Campbell who took significant time on many occasions to explain a number of issues to me, and to ASPO-USA co-founder Steve Andrews for publishing this study as a Special Report. Without Dr. Campbell’s help and Mr. Andrew’s willingness to publish an obscure Army officer’s work, this report would never have seen the light of day.

To read the full report, click here for pdf.


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