Retired BP Geologist: Peak Oil Is Already Here

Screen Shot 2013-12-23 at 11.36.06 AMDr. Richard Miller, a geologist employed by BP for over twenty years, says that peak oil is here. The good news? If you’re reading this then you’ll probably be dead by the time the very last Super Maximus Mom Tank SUV guzzles the last drop of dinosaur wine. Your children and grandchildren, however, may be in a heap of trouble unless we change our ways.

Via Raw Story:

A former British Petroleum (BP) geologist has warned that the age of cheap oil is long gone, bringing with it the danger of “continuous recession” and increased risk of conflict and hunger.

At a lecture on ‘Geohazards’ earlier this month as part of the postgraduate Natural Hazards for Insurers course at University College London (UCL), Dr. Richard G. Miller, who worked for BP from 1985 before retiring in 2008, said that official data from the International Energy Agency (IEA), US Energy Information Administration (EIA), International Monetary Fund (IMF), among other sources, showed that conventional oil had most likely peaked around 2008.

Dr. Miller critiqued the official industry line that global reserves will last 53 years at current rates of consumption, pointing out that “peaking is the result of declining production rates, not declining reserves.” Despite new discoveries and increasing reliance on unconventional oil and gas, 37 countries are already post-peak, and global oil production is declining at about 4.1% per year, or 3.5 million barrels a day (b/d) per year:

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  • American Cannibal

    Well, then. I better start buying up what’s left in the ground, and a Merry Christmas to all you too! May the New Year bring scarcity and soaring profits to all my Disinfo friends. Don’t spend it all on cocaine and hookers like my friends in Manhattan. Ta-ta!

  • DeepCough

    Oh, c’mon, I’m sure my grandkids would love being Road Warriors.

    • Juan

      I ain’t reproducing, so no grandkids to worry about. I’ve never thought reproducing was a good idea so I never did.

  • Chaos_Dynamics

    Peak inefficiency.

  • InfvoCuernos

    Isn’t the solution obvious? We need to perfect a way of making fuel out of “undesirable” people! Its the perfect answer. It not only utilizes an almost limitless resource, but also reduces the strain on the other resources at the same time! Last one into the people hopper, turn out the lights!

    • Andrew

      We’ve had a way to make fuel out of undesirable people for thousands of years. It’s called slavery.

      • emperorreagan

        Well, prisons are for housing excess labor. Maybe that’s part of the future plan – prisons built out in the country…

        • Rhoid Rager

          I think they used to call them plantations.

      • InfvoCuernos

        The obvious problem with slavery (and prisons for that matter), is that you have to keep pouring food and water into these people. If we could just compress them down into biofuel, then we could just use the energy we get from that to run robots, to make more robots, for the robots.

        • Rhoid Rager

          Compression requires energy. Better to just throw them in a big rot tank filled with enzymes and let nature do its magic.

          • Jin The Ninja

            too much takashi miike for you:P

          • mannyfurious

            No such thing.

          • Jin The Ninja

            i wasn’t at all a fan of ‘lesson of evil’/aku no kyoten. i thought it was horrifically and utterly pointlessly violent.

          • mannyfurious

            Yeah, I agree, actually. There are several of his movies that just didn’t click with me for whatever reason. But I could watch the same 10 or 11 of his movies that I really enjoy over and over again on repeat.

          • Jin The Ninja

            i agree, he is a great filmmaker. i love that he can oscillate between the extremes of gritty surrealist violence and kids manga-influenced pop works.

        • DeepCough

          Well, adipose tissue, commonly known as “fat,” is basically stored energy. And the United States is loaded with a lot of fucking obese people…….

  • Rhoid Rager

    Yeah, what a total surprise this is….it would have helped civilization a lot if we had 60 years warning so we could prepare accordingly….oh wait….
    http://en.wikipedia.org/wiki/Hubbert_peak_theory

  • Reasor

    When our great-grandchildren ask why the Age of Wonders ended, the priestly caste among our grandchildren will blame the ancestors of whatever oppressed minority does the labor in the new agrarian society, justifying their subjugation. Our great-grandchildren will believe it to be true. Our long struggle toward liberty and justice for all will be forgotten.

    • Andrew

      That may be why “liberty” and “justice” are already being redefined to mean property rights. Our struggle won’t just be forgotten, our goal will be too.

      • Rhoid Rager

        I think you both need to drink some of the happy juice today.

        • Andrew

          I’m allergic.

    • Monkey See Monkey Do

      It will?

  • mannyfurious

    Honestly, I believe that the powers that be already have the technology for so-called alternative forms of energy lined up and ready to go. Solar, wind, oceanic, whatever, they already have the technology to run entire cities on that shit. They just want to make whatever money they can off of oil first, while also using that time to perfect their business model for alternative energies. Oil was easy–whomever owned the land owned the oil. You can’t just put a property claim on the sun…yet.

  • CASSE3

    “Why do we have to have an economy that grows continually? It’s not the only model. It may be the model that’s worked for the last 150 to 200 years but it’s not the only model. And it’s the model that’s going to fail when the less expensive energy sources dwindle.”

    A steady state economy, with sustainable levels of throughput (resource inputs and waste outputs) should be our national policy agenda, instead of economic growth.

    http://steadystate.org

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