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There is a group of scientists based in London that have challenged the major review of global oil reserves and they are warning that oil supplies will start to run out in only four years time, a report that governments and oil companies are not ready to admit according to the scientists.
Dr. Colin Campbell, the head of this delegation of scientists says that world consumption of oil will catch and then out strip the discovery of new reserves even as oil reserves are depleted affecting the world economy.
A survey of the four countries with the biggest reported reserves Saudi Arabia, Iraq, Iran, and Kuwait reveals major concerns especially since consumption is increasing by 2 to 3 million barrels a day, each year.
Jimmy's Prophetic Prospective on the News
The depletion of global oil reserves within the next four years may well speed up the fulfillment of the End Times scenario that can be found in Bible prophecy.
Two-thirds of the world's oil reserves lie in the Middle East and increasing demand will have to be met with massive increases in supply from the region. Scientists now believe that within four years global oil reserves will begin to run out.
This report if correct could have a major impact on the Middle East region and in particular the major oil producers in the region Saudi Arabia, Iraq, and Iran. In reality, the sale of oil by these middle eastern nations has been the key factor in the influence of these nations who lead the war against the Jewish state in the end times scenario that can be found in Bible prophecy.
Psalm 83, Daniel 11, and Ezekiel 38 reveal the Middle Eastern nations that attack Israel in the Last Days. In the book Joel chapter 2 there is a description of the mighty militia that will go to Jerusalem to set up its world empire.
Daniel 9:27 and 11:45 reveals that a world economic leader will come to power. Revelation 18 says that he will be headquartered in the midst of these oil rich nations, nations about to deplete their oil resources.
The time seems short until Bible prophecy will indeed be fulfilled.