Oil along with water self replenishes.
They are the lifeblood of the earth. Oil should be as inexpensive as water.
Why then do we get the scarcity of oil shoved down our throats? Why are gas prices so high? The answers here are political and, going even deeper still, religious, but that is out of the scope of this article. Let us look at the factual proof that exposes “peak oil” as the utter fraud it is.
Oil naturally self replenishes. ( Abiotic )
Eugene Island is an oil field in the gulf of Mexico, 80 miles off the coast of Louisiana. It was discovered in 1973 and began producing 15,000 barrels of oil a day which then slowed to about 4,000 barrels in 1989.
But then for no logical reason whatsoever, production spiked back up to 13,000 barrels a day.
What the researchers found when they analyzed the oil field with time lapse 3-D seismic imaging is that there was an unexplained deep fault in the bottom corner of the computer scan, which showed oil gushing in from a previously unknown deep source and migrating up through the rock to replenish the existing supply.
Furthermore, the analysis of the oil now being produced at Eugene Island shows that its age is geologically different from the oil produced there after the refinery first opened. Suggesting strongly that it is now emerging from a different, unexplained source.
The last estimates of probable reserves shot up from 60 million barrels to 400 million barrels.
Both the scientists and geologists from the big oil companies have seen the evidence and admitted that the Eugene Island oil field is refilling itself.
This completely contradicts peak oil theory and with technology improving at an accelerating pace it seems obvious that there are more Eugene Islands out there waiting to be discovered. So the scientific community needs to embrace these possibilities and lobby for funding into finding more of these deep source replenishing oilfields.
The existence of self-renewing oil fields shatters the peak oil myth. If oil is a naturally replenishing inorganic substance then how can it possibly run out?
New Oil Supplies found at increasing rate all over the world.
New untapped oil sources are being discovered everywhere on earth. The notion that there are somehow only a few sources that the West is trying to monopolize is a complete myth, promulgated by those raking in the massive profits. After all how do you make huge profits from something available in abundance?
There have also been reports that Russia has vastly increased its reserves even beyond those of Saudi Arabia. Why would they do this if they believed there would be no more oil to get hold of? It seems clear that Russia is ready for unlimited future production of oil. Russian oil reserves are massive and growing but they are nothing compared to the oil reserves in the USA.
The USA has more oil deposits than the middle east. Huge finds in North and South Dakota are the biggest on record. The UU deposits of shale oil could make the USA the worlds number one oil producer by far.
Oil companies are deliberately lowering refining capacity.
Three separate internal confidential memos from Mobil, Chevron and Texaco have been obtained by The Foundation for Taxpayer and Consumer Rights.
These memos outline a deliberate agenda to gouge prices and create artificial scarcity by limiting capacities of and outright closing oil refineries. This was a nationwide lobbying effort led by the American Petroleum Institute to encourage refineries to do this.
An internal Chevron memo states; “A senior energy analyst at the recent API convention warned that if the US petroleum industry doesn’t reduce its refining capacity it will never see any substantial increase in refinery margins.”
The Memos make clear that blockages in refining capacity and opening new refineries did not come from environmental organizations, as the oil industry claimed, but via a deliberate policy of limitation and price gouging at the behest of the oil industry itself.
The Petro Dollar
In the 70’s the USA experienced a 10% oil embargo by OPEC and war nearly broke out. What was going on behind the scenes was a charade by the controlling families for a prize that was motivated not by profit. Central bankers don’t care for profit when they can create money from thin air.
This whole fiasco gave them the perfect excuse to attach the US dollar to a real commodity, oil. The US was off the gold standard and had lost 75% of it’s value in a few weeks. The bankers needed the USA to fight their wars for them thus they conspired to stabilize the US dollar.
They sent their main henchman at the time, Henry Kissinger to Saudi Arabia. He made King Faisal of Saudia Arabia a deal he could not refuse. Saudi Arabia and the OPEC Gulf Arab states could only accept US Dollars for oil. The Arab states were promised “protection” and the USA Dollar was given a new lease on life now that all oil hungry nations needed to hold US dollars to get oil.
Hassan Heikel has mentioned in his book “Return of the Aythollah’ that the idea of the 1973 oil Embargo was orchestrated by the banksters and than the Shah of Iran convinced Faisal to go for the Embargo. Then for the first time the Saudi Defense budget exceeded the defense budgets of the combined protagonists of the Arab Israeli conflict… (Israel, Egypt, Jordan and Syria).
What then is the Real Agenda behind Peak Oil?
The central bankers control the oil companies. The central bankers each day decide the price of oil, gas, silver and gold from the London Stock Exchange. The central bankers are the architects of all the crisis in the middle east. Peak Oil is on one level a scarcity psyop and energy control mechanism.
On another level far deeper it is a ruse to facilitate war in the middle east for the purpose of fulfilling a plan of dominance rooted in religion. This is something far beyond the scope of this article. Curious readers will want to look over the Balfour Declaration as a good place to start to unravel this monstrous lie.
Good Luck, We’re another step closer to the whole truth now.