Jump to eight minutes into the interview (but feel invited to watch the prior and subsequent segments, or all of them).
In this interview from April 2002 – TWO THOUSAND TWO – Colin J. Campbell, petrol geologist, precisely analyzes what happened on 9/11 and why, and what the result will be in oil costs.
The Caspian Sea had just been promised at 200 billion barrels of oil – some 7 years of world supply, easily contributing to 20 years of stability. The Caspian is served by a pipeline through Afghanistan.
It was then, in 2001, that ‘we’ (the US) started looking for “the man in the cave in Afghanistan” (bin Laden).
Then by 2002, it was clear that the 200 billion barrels was a myth – there were possibly 9 to 13 of sulfurous, difficult to extract oil – and both BP and Shell backed out of the project.
And the United States walked away from Afghanistan, the man in the cave, and all… and turned its attention to Iraq.
Which is reckoned to have about (perhaps) 90 billion barrels (and declining) of oil, with some 50 or so belonging to three large fields. And suddenly in 2003, Iraq became enemy number one.
It’s about the oil. It’s always been about the oil. And if you don’t think peak oil is what it’s all about, then put your left foot in, put your left foot out – and tell me what your shoes are made of, where they were manufactured, and how they got to your house.
That’s the hokey pokey, and that’s what it’s all about.