Liivingspark
Empowering Global Spirituality
People are seeking a sense of unity and purpose for life. Yet, spirituality itself is not uni-dimensional, but has many facets.Religion focuses on ideology and rules of faith and belief systems.Spirituality, on the other hand, focuses on experience and relationships. Spirituality is usually seen as having to do with the individual, while religion is oriented ...learn more
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Created: Sep 12, 2008
Updated: Apr 20, 2009
Membership: Open
Semi-Private
Oil Depletion Protocol
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The Oil Depletion Protocol is an international agreement that will enable nations of the world to cooperatively reduce their dependence on oil. It was proposed by Dr. Colin Campbell, a prominent petroleum geologist and founder of the Association for the Study of Peak Oil and Gas (ASPO), in 1996.
By agreeing to reduce oil imports and exports by a specified amount each year, about 2.6 percent, signatory nations will help mitigate the negative consequences of an over-reliance on cheap oil and help prepare for a global decline in the world’s oil supply. The premise of the Protocol is inherently straightforward: oil importing nations would agree to reduce their imports by an agreed-upon yearly percentage, referred to as the World Oil Depletion Rate, while oil producing nations would agree to reduce their rate of production by their National Depletion Rate. This simple and sensible formula will produce, in effect, a global rationing system. If the entire world adopted the Protocol, global consumption of oil would decline by almost 3 percent per annum, thus stabilizing prices, preserving the resource base, and reducing competition for remaining supplies.
To read the Oil Depletion Protocol as drafted by Dr. Colin Campbell, click here.
