# USA
Discovery peaked in 1930
Production peaked in 1972
Time lag: 42 years
Mid-point year: 1970
Ulitmate 2050: 190 Gb
To-date 1999: 165Gb

#Middle-East

Dr Campbell also accuses Oil corporates of not playing it fair and he says it would be better to make a proper analysis of the true position and inform people (No one blames the government for an earthquake. So they would n't blame it for an oil crisis):
# British Petroleum certainly wins the prize for the most oblique reference to depletion when it changes its logo to a sunflower and says that BP stands for Beyond Petroleum. But its executives sit on the board of Goldman Sachs, the bankers. They should accordingly know what BP actually thinks behind the lace curtains of corporate make-believe. What do the bankers say? "The rig count over the last 12 years has reached bottom. This is not because of low oil price. The oil companies are not going to keep rigs employed to drill dry holes. They know it but are unable and unwilling to admit it. The great merger mania is nothing more than a scaling down of a dying industry in recognition of the fact that 90% of global conventional oil has already been found." - Goldmann Sachs, August 1999
# Shell says it in other words "There was a time when oil and gas reserves seemed endless..." - November 1999 Advertisement

Dr Campbell finishes his lecture with: "If you don't deal with reality, reality will deal with you".

How ominous!!