I don't know if I buy any of Viallis's arguments. There are many oil fields in steep terminal decline throughout the world. Many have been retired, shut in because it is all gone.
If this guy knows about Russia's secret 40,000 ft. drilling, and the CIA knows about it, why haven't the major western oil companies drilled some wells in the States and elsewhere? I think it is wishful thinking, oil without end, abundant energy forever. It would be great.
Then he argues it is all a Zionist scam. I just can't buy it. By the way, natural gas fields too are becoming depleted in the same manner. In Alberta and eastern British Columbia, gas fields which were once extremely sour (H2S), and contained much liquid hydrocarbons, are measurably being depleted. The amount of depletion is calculated for each well on a monthly basis. I won't go into any details about how this is done.
The Saudis must also be part of the Zionist scam? They keep insisting there is no shortage of oil, yet the price keeps going up. You can't have it both ways. Serious people betting real money are paying an increasingly big price for future delivery of oil.
The argument that the war is being sold as a necessity to grab the available oil is not one that I have heard, just the opposite, continual denial that it had anything at all to do with oil. In the Rense article, Mason contends:
"Maintaining the myth of scarcity, you see, is all important. Without it, the house of cards comes tumbling down. And yet, even while striving to preserve that myth, the petroleum industry will continue to provide the oil and gas needed to maintain a modern industrial infrastructure, long past the time when we should have run out of oil. And needless to say, the petroleum industry will also continue to reap the enormous profits that come with the myth of scarcity."
On this score, I can only suggest that the broader market hates resource or commodity companies, including oil, and is forever trying to talk down the price of oil to support the main economic activities and vociferously groans every time it inches up. So which house of cards is he talking about? And again, who really benefits from high oil prices? Is it Europe, Japan, India or China? Or maybe Walmart or GM or Ford?
We can only speculate about the game the oil cartel is playing, and why they wouldn't want the highest absolute price they can get for oil. I never hear Alberta complaining that the US is paying too much for its oil, or Norway, or England etc. Is it only the Arabs who are in bed with the Zionists?
Then the buyers, who are spending enormous wealth to acquire oil must be totally ignorant. The Europeans, Japan, China, etc. can't all be ignorant if what Vialls says is true.
Just as an aside, a 40,000 ft. well is indeed very deep, and I can't imagine the equipment needed. In Canada, the gas wells are only around 10,000 ft. Imagine the twisting torque in 40,000 feet. Before the bottom bit turns, I wonder how far the top travels? Oh, by the way, re-entering the well and "cleaning it out" is nothing new, and is done with regularity. For gas wells they even "fracture" the bottom hole, and there are service companies specializing in this technique.
No doubt seepage into existing wells from god knows where is occurring constantly, but normally at a very very slow rate, and should an exhausted well be put back into production, its life is usually very short. For gas, for example, the porosity of the native rock determines the production rate, and if the formation is tight, over production often causes pluggage and can ruin the well. Similar considerations hold for oil wells also.
The origin of oil is indeed interesting and I also could not believe the "dinosaur" theory, but the "cabbage" one seems more plausible. And even if it is being somehow mysteriously continuously produced "abiotically", we are taking it out faster than it is produced.
Anyways, just to counter the Vialls article, only yesterday, a member of Opec, Algeria's minister of energy, said the following:
"OPEC has reached its production limits. It doesn't have much production capacity," he said at the opening of an industrial plant in the western town of Arzew, according to newspaper reports on Saturday.
"If it came to a crunch, it has capacity for one million barrels (more per day), and I don't think a production increase would influence the barrel price," he told reporters on the sidelines of the ceremony.
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