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Politics : Bush-The Mastermind behind 9/11? -- Ignore unavailable to you. Want to Upgrade?


To: GUSTAVE JAEGER who wrote (8612)10/21/2004 8:41:01 AM
From: sea_urchin  Read Replies (3) | Respond to of 20039
 
Gus > Why We Will Never Run Out of Oil .....

I realize this isn't about quality but quantity, but the principle is there all the same. .

joevialls.altermedia.info

>> 'Peak Oil' claims that because today we only find one barrel of oil for every four that we use, world oil reserves are running out. Completely misleading propaganda. as the Russians [and the CIA] know perfectly well, reserves of oil in the mantle of the earth are infinite. 'Peak Oil' also claims that we will shortly be unable to pump sufficient oil out of the ground to keep up with demand. Completely misleading propaganda again. We could drill more wells, but Wall Street cannot afford to pay for them, and never intended to, at least not while it still believed conquest and eternal occupation of the Middle East was a realistic possibility.

Professor Poleo makes it quite clear which direction the west needs to go in if it is to survive in the long term, and that is to follow Russia's example by sharply reducing domestic consumption. Back in 1990 America was using around 6 million barrels per day compared to Russia's 8.4 million, but how things have changed since then. Thirteen years later in 2003, American consumption was up to 9 million, while Russian consumption had been reduced to a mere 3.2 million. <<

Meanwhile, whether we have run out, or we haven't, the price of oil will be going through the roof -- and that's one of the main purposes of the exercise.