"Black Gold Stranglehold"
From the Inside Flap
amazon.com
In Black Gold Stranglehold, Jerome R. Corsi and Craig R. Smith expose the fraudulent science that has been sold to the American people in order to enslave them: the belief that oil is a fossil fuel and a finite resource. On the contrary, this book presents authoritative research, currently known mostly in the scientific community, that oil is not a product of decaying dinosaurs and prehistoric forests. Rather, it is a natural product of the earth. The scientific evidence cited by Corsi and Smith suggests that oil is constantly being produced by the earth, far below the planet's surface, and that it is brought to attainable depths by the centrifugal forces of the earth's rotation.
In great detail Corsi and Smith explore the international and domestic politics of oil production and consumption. This includes the wealth and power of major oil conglomerates, the manipulation of world economies by oil-producing states and rogue terrorist regimes, and the political agenda of radical environmentalists and conservationists who obstruct the use of oil reserves currently controlled by the U.S. government. The authors offer an understanding of the dangerous situation America faces because its currency is no longer tied to any precious and truly scarce metals such as gold, as it was until 1973. This situation could easily lead to the devastation of the U.S. economy if Middle Eastern countries are able to enact current plans to accept only the Euro or gold-backed currencies such as the Gold Dinar instead of the U.S. dollar as the standard currency for oil.
Black Gold Stranglehold will dramatically change the debate about oil. The significance of its message is sure to cause thoughtful people to reconsider the current dependence of the U.S. economy on imported oil.
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There was so much I wanted to respond to but could not.
In fact I had to steer it to that book as the discussion was supposed to be on the bourse.
With rotating questions I had to backtrack a lot as it was.
I was hoping to god he mentioned drilling in a crater in Sweeden to find oil. I had a very nice slam dunk rebuttal prepared. I had these notes with me:
From 1986 to 1992, two commercial wells were drilled in the Siljan crater, at a reported cost of over $60 million. Only 80 barrels of oily sludge were taken from the field. While Dr. Gold claimed this oil to have an abiotic origin, others have pointed out that the early drilling used injected oil as a lubricant, and that this is the likely origin of the oily sludge. It has also been mentioned that sedimentary rocks 20 kilometers away could have been the source of hydrocarbon seepage. Others have observed that during World War II, the Swedish blasted into the bedrock to produce caverns in order to stockpile petroleum supplies. The Swedes now face environmental problems as these petroleum stockpiles are leaking into the groundwater. These stockpiles could well provide the source of the oil produced from the Siljan crater.
Even if we grant that these hydrocarbons are abiogenic (though it is a highly dubious claim), this exploration could only be termed a success in the most attenuated sense of the word. These 80 barrels of oily sludge cost investors three quarters of a million dollars per barrel. And if they had gone to the trouble of extracting the oil from the sludge and refining it, they would have had even less oil, and their expenses would have increased by the cost of extraction and refining.
In 1984, a Swedish state-owned power company had an independent team of geoscientists evaluate the Siljan crater for commercial abiogenic gas production. The research team found only minor hydrocarbon gas shows in the crater. However, they did prove through geochemical analysis of oil, oil-stained rocks and organic rocks, that an Ordovician aged bituminous shale was the source rock for hydrocarbons found in the Siljan crater. They concluded that claims that this oil was abiogenic were without merit. Dr. Donofrio updated these findings in 2003 and stated that nothing has happened since 1984 to change their conclusion. There are no abiogenic hydrocarbons in the Siljan crater, nor are there commercial amounts of hydrocarbons in any form.
Russia
Proponents of abiotic oil like to point out that although Russia's oil production peaked in 1987, their output has increased tremendously over the past several years. They link this to the Russian development of the abiotic oil hypothesis, which is held by a small minority of Russian scientists, to claim that Russia's production is growing because of abiotic oil. This is nonsense. In the first place, Russian oil production dropped precipitously in the early 1990s following the collapse of the Soviet Union. The current surge in oil production is in large part due to the revival of the Russian oil industry. Oil is just about the only thing currently holding up the Russian economy. They are overproducing their oil fields and, as we have said numerous times, this overproduction will catch up with them. Russian discovery peaked in 1960, and has since diminished to almost nothing. Colin Campbell's model suggested a secondary peak around 2010, followed by another steep decline due to overproduction.
However, it now appears the Russian production is already approaching its second peak.
The abiotic hypothesis remains just that, an hypothesis which has failed in prediction and so cannot be elevated to a theory. It is completely ignored by the oil industry worldwide, and even within Russia. And that is the final testament to its failure.
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Given that I was prepared in advance with that I certainly could have slammed him much better than I did. I was also prepared to discuss Methane in space, but the format of questions from callers simply go in the way.
Still, I could have done better and was rather hard on myself when I got home and watched.
Had it not been for calls I would have trounced him on his books, but I still blame myself for not doing a lot better.
Let's see 80 barrels produced at a cost of $60 million.
$750,000 a barrel (and little liklihood it was abiotic in the first place). Yet his book touts that story as a success.
Mish |
