Swimming In Oil….
As the price of oil continues its relentless climb upward—some fear there is no end in sight.
And with some experts claiming we’ve past peak oil production on this planet—they say we have no option but to continue paying more and more for less and less raw product.
But—that view’s being challenged in a new book that claims the earth has more oil than we think—and the high prices are not due to shortage of product—but rather due to a shortage of refineries.
In their book, “Black Gold Stranglehold: The Myth of Scarcity and the Politics of Oil authors Jerome Corsi and Craig R. Smith claim among other things that:
- There’s more proven petroleum reserves than ever before, despite the increasing consumption rates.
- New oilfields are being discovered at an increasing rate.
- Since 1980, proven oil reserves have gone from 645 billion barrels to 1.28 trillion barrels.
Why so much oil?
Well, Corsi and Smith say the theory that there’s a finite amount of oil created by decaying dinosaurs is wrong.
In their book, they cite evidence they claim shows oil is abiotic.
That means the planet continually creates oil deep with-in itself—and that the spinning of the planet brings the oil up to obtainable levels through centrifugal force.
Their solution to our oil dilemma—drill more and refine more.
Granted creating the infrastructure need to do that drilling and refining needs to be built—-but crash programs could significantly cut the time needed to do that.
Say Corsi and Smith—there’s enough oil for hundreds of years—if only we fix the way we obtain it.
—Steve
Link to the video and the story Steve covered today on NBC-17
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