The myth of oil scarcity is one of the foundations that have allowed four giant oil corporations along with a handful of Wall Street banks to control the world’s largest and most essential commodity: oil.
The myth originated in the 1950′s from a speech by a geologist at Shell and was revived in 2003 at the time of the US bombing of Iraq. The reality is quite different from the claims of Peak Oil. In reality, the world is running into oil and not running out of oil.
Huge new oil and gas fields are being discovered from the eastern Mediterranean to the coast of Brazil, from East Africa to Iran and Iraq, from Norway to the Caribbean.
Is oil scarcity a myth?
In F. William Engdahl newest book, “Myths, Lies and Oil Wars,” he discusses the little-known details of wars and manipulations designed over the past half century or more up to the wars in Africa, the Arab Spring, Iraq, all to maintain a lock-grip control of the world’s known oilfields. The myth of scarcity has been a pillar of their power and as a result, propaganda for their self-serving agendas.
Countering this attempt to control oil supply, the book details a revolutionary new scientific hypothesis that was developed in secrecy in the Soviet Union during the Cold War which proved scientifically that oil originates not from dinosaur detritus or fossilized algae as western geology mythology maintains.
The Soviet scientific team proved that oil and gas have deep origins at the level of the Earth’s mantle some 200 km below. Like volcanoes, the hydrocarbons are forced upwards until they typically are “trapped” in reservoir rock formations. The Russian work has been the target of a concerted campaign to discredit the theory.
Little wonder. Were its implications understood widely, oil and gas would be considered as virtually a renewable energy and our energy crises and wars a thing of the past.
As Henry Kissinger said, “If you control the oil you control entire nations.” The converse is also true–If oil cannot be controlled the controlling powers lose their control over other nations.