The coming world oil shortage

By Don Koenig

Soon the main focus of the world will be on the coming world oil shortage as world demand increases and the world supply decreases. In times of world war securing oil will be even more essential. When Russia comes down to take a spOIL in the wars of Ezekiel chapters 38 and 39 one of the main reasons might be to take control of the oil fields in the Middle-East. Also, when the 200,000,000 man army comes from the East the main reason may be to secure the oil fields (China).

The world supply of easy oil is limited

Almost all of the world's easily accessed oil reserves are in the Middle-East. There will be fewer new discoveries of major oil fields and old fields are being depleted faster than new sources are found. Also, the oil from the newer fields will be much more expensive. Some experts say world oil production will peak around the year 2010 and then fall off sharply. They say only 25 percent of the amount of oil available in 2010 will be available in 2030 with the world demand for oil continuing to increase. I personally think they are about a decade off on their projection forecast due to what I think Iraq can achieve in production and what higher prices will actually achieve through new high tech production methods. World oil production in my opinion will peak about 2020 and thereafter fall off rapidly to about 2040 but after that surpluses will return.

Signs of the time

When there is quite a bit more demand than supply it will cause huge economic disruptions. The oil producing nations will be able to raise oil prices to levels that many nations simply will not be able to afford. The nations that control the oil will become very wealthy but they will become a very tempting target for those coveting their oil.

If there is a falloff of world oil production as expected around the year 2010 (as these experts suggest or 2020 as I suggest), the world is very near a major crisis. Oil certainly will be the key focus of the world between the years 2010 and 2035. In the more distant future the world will develop new ways to bring oil and gas shale resources to market and there will also be alternative energy sources developed so oil will not be a major threat to the world after about 2040. (There is plenty of oil in the world to last for many hundreds of years but there will be a gap in energy producting technology to produce adequate amounts of energy between the years 2020 and 2040.) So the critical dependence on oil and the danger will be for two or three decades. One of the major reasons for the wars in the Middle-East that we see in Bible prophecy may be due to coveting the riches God placed there. The nations that want to possess and control these riches may bring the prophecies on themselves in this oil dependent generation.

The following graph was made from projected production figures that were published in Popular Science Magazine around the year 2000.

2006 article about world oil demand

Study: 'Peak Oil' Will Be Reached by 2018 (2007 study supports my theory)

Selected References Russian invasion

Selected References Kings of the East invasion

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