The Peak Oil Myth

From http://www.newswithviews.com/Monteith/stanley.htm




THE PEAK OIL MYTH

By Dr. Stanley MonteithNovember 11, 2005 NewsWithViews.com

The price of oil and natural gas was increasing before Hurricane Katrina hit the Gulf Coast, destroyed almost a fourth of our oil production, raised the price of gasoline to over $3.00 a gallon, and the price of oil to $70.00 a barrel. Will the rising cost of oil devastate our economy?
The web site, hubbertpeak.com warns:

"Oil will become more expensive and less available. This will be painful in the industrialized countries which have become totally dependent upon oil, and in the less developed countries where oil use is extremely sensitive to price escalation."[1]
Dr. M. King Hubbert worked at the Shell Oil research laboratory in Houston, analyzed the oil reserves of the major oil companies, and issued a 1956 report that predicted U.S. oil production would peak between 1965 and 1970. Production peaked in 1971, and has declined since then.[2] U.S. natural gas production peaked the same year. How did Dr. Hubbert know what was going to happen? Was he clairvoyant? Was he lucky? Did he have access to "secret information”?
Dr. Kenneth Deffeyes worked at the Shell Oil research laboratory in Houston, taught at the University of Minnesota and Oregon State University, joined the staff at Princeton in 1967, and worked there until he retired. Dr. Deffeyes' book, Beyond Oil: The View From Hubbert's Peak, he predicted world oil production will peak between 2004 and 2008. During a recent interview, Dr. Deffeyes predicted world production would peak in late 2005 or early 2006.[3] If Dr. Deffeyes is correct, what will happen to our economy? What will happen to the world economy?
en.wikipedia.org states:
"Oil depletion is the inescapable result of extracting and consuming oil faster than it can be replaced. Because the oil resource is not infinite, and its current replacement rate is quite slow relative to use, it will at some point be depleted."[4]
Is oil a finite resource? Will oil production peak in late 2005 or 2006? Many geologists, media pundits, oil company executives, and the people they employ claim the world is running out of oil. Web site www.hubbertpeak.com states:
"As humanity comes to terms with the inevitability of a world beyond oil, the remaining oil supply will be exploited in three ways:
1. To maintain the global economy; 2. To create a new solar economy which will not depend upon oil; 3. To fight over the oil that remains."[5]
Most of the electricity that produces our products and heats our homes is generated by burning coal (which pollutes the environment) and natural gas, but Lee Raymond, CEO of Exxon Mobil, claims the U.S. is running out of natural gas. Reuters News Service reports:
"After weak prices in the 1990s due to oversupply, natural gas production in North America will probably continue to decline unless there is another big discovery, Exxon Mobil Corp.'s chief executive said on Tuesday.
'Gas production has peaked in North America,' Chief Executive Lee Raymond told reporters at the Reuters Energy Summit.
Asked whether production would continue to decline even if two huge arctic gas pipeline projects were built, Raymond said, 'I think that's a fair statement, unless there's some huge find that nobody has any idea where it would be.'"[6]
healthandenergy.com confirms Mr. Raymond’s statement:
"Natural gas supply in North America is in decline, and no early simple solution is anticipated. These are the conclusions expressed in a study, 'North American Natural Gas: Data Show Supply Problems' just published in the journal Natural Resources Research. . . . Natural gas production in the United States peaked in 1971. Since then, Canada has increasing(ly) supplied the United States to 15 percent of its needs in 2002. However, in 2002, Canadian gas production declined. That trend continued in 2003. Currently 80% of all wells are drilled for gas, not oil, but in spite of this increased effort the production decline has not been reversed. The amount of gas found per foot drilled has also declined nearly 50 percent in the past decade indicating that the easy-to-find large fields have already been discovered. New gas wells are showing decline rates as high as 80 percent the first year."[7]

What will happen when our natural gas is exhausted? Can we generate energy from the wind and the sun? Wind and solar energy are prohibitively expensive, and take years to develop. Are there other alternatives? Can we maintain our standard of living by burning oil? The world produces 80 million barrels of oil a day. The United States has 5% of the world's population and consumes 20.52 million barrels of oil a day. Europe has 7% of the world's population and consumes 16.45 million barrels of oil a day. China has 22-23% of the world's population and consumes 5 million barrels of oil a day, but China, India, and the other developing nations need more oil.[8]
If oil peaks in late 2005 or 2006, how will the U.S., Europe, China, and the other developing nations deal with their growing need for oil? Will OPEC increase the oil price to $100 a barrel? To $200 a barrel? What will happen to our economy? What will happen to the world economy?
China is acquiring oil fields in Saudi Arabia and Africa, purchasing oil in South America, Canada, Russia, and the Middle East, and developing the oil sand deposits in Alberta, Canada. The Los Angeles Times reports:

"Three of China's state-owned oil companies have . . . poured huge investments into the oil sands, including a 40% stake in a $3.6-billion project that will be able to send oil via a new pipeline to Canada's west coast for shipment to China and elsewhere. . . . Scenes like this are being repeated around the world. . . . Chinese crews are building roads in Africa in exchange for the right to extract oil from remote regions. Viewers in Saudi Arabia, a nation that U.S. oil firms once had to themselves now watch Chinese programs on satellite TV as China drills into Saudi sands. China is also taking advantage of tensions between the Bush administration and Venezuelan President Hugo Chavez to wrest oil from one of the largest U.S. suppliers. To secure deals worth tens of billions of dollars, Beijing is cozying up to regimes in nations, including Iran. . . . And it is flexing its military muscle to lay claim to contested fields in East Asia."[9]
Is the world really running out of oil and natural gas, or is the oil industry running the same scam they ran in 1973 when TV stations broadcast advertisements that depicted dinosaurs lumbering through a forest as a somber voice proclaimed:
"There are no more dinosaurs . . . the world is running out of oil."
The advertisement suggested oil comes from decayed dinosaurs and organic matter, but that isn't true. Honest geologists admit they don't know where oil comes from, but Professor Thomas Gold, an astrophysicist at Cornell University, theorized that oil comes from methane and contains heat-loving bacteria that inhabit the heated biosphere beneath the surface of the earth. en.wikipedia/org/wiki/Thomas_Gold explains Thomas Gold's theory:

"Thomas Gold achieved fame for his 1992 paper, 'The Deep Hot Biosphere' in the Proceedings of the National Academy of Sciences, which presented a controversial view of the origin of coal, oil, and gas deposits, a theory of an abiogenic petroleum origin. The theory suggests coal and crude oil deposits have their origin in natural gas flows which feed bacteria living at extreme depths under the surface of the Earth; in other words, oil and coal are produced through tectonic forces, rather than from the decomposition of fossils. . . . Recent discoveries have shown that bacteria live at depths far greater than previously believed. Whilst this does not prove Gold's theory, it certainly lends support to its arguments."[10]

If Thomas Gold's theory is correct, oil is constantly replenished, and there is a perpetual supply of oil and natural gas. Has anyone accessed the subterranean regions of the earth to evaluate Professor Gold's idea? The Russians have. That's why Russia is the second largest oil producer in the world today.

freeenergynews.com reports:
"Russians started drilling Kola SG-3, an exploration well which finally reached a staggering world record depth of 40,230 feet. Since then, Russian oil majors including Yukos have quietly drilled more than 310 successful super-deep oil wells, and put them into production. Last year Russia overtook Saudi Arabia as the world's biggest single oil producer, and is now set to completely dominate global oil production and sales for the next century."[11]
If that is true, why haven't we heard about the discovery? Because the oil companies, the media moguls, and the Occult Hierarchy that controls them don't want the public to know the energy shortage is contrived. Saudi Arabia, which funds international terrorism, and the major oil companies have made billions of dollars since they raised the price of oil. They will make trillions of dollars, destroy our economy, and enslave our people if we don't expose the deception. [12]
Dr. M. King Hubbert predicted U.S. oil production would peak between 1965 and 1970. It peaked in 1971. How did Dr. Hubbert know that would happen? I suspect he knew the oil cartel was going to finance the environmental movement, get laws enacted that would restrict oil and natural gas production, and block further development of nuclear power in the United States. Gary Benoit's article in the March 27, 2000, issue of The New American notes:
"In a letter published in the February 12th (2000-ed) New York Times, Senator Frank Murkowski (R-AK), chairman of the Senate Energy and Natural Resources Committee, identified 'the main problem,' not as a lack of domestic resources, but as 'the administration's efforts to send oil development out of this country through taxes, environmental decisions and bad policy.' After noting that more than half our oil comes from foreign countries and that our wells are being shut down (by government decree-ed) Murkowski candidly stated: 'We've allowed that to happen, and we look a little foolish complaining of the consequences.'"[13]
The article continued: "The United States is awash in energy resources and our dangerous dependence on foreign sources could be ended simply by allowing the development of those resources in a free enterprise environment. . . . Not only has the United States not depleted its proved reserves of oil, but those reserves actually increased over a period of decades, the result of both new discoveries and changing economic and technological conditions.

According to statistics supplied by the Energy Information Administration (EIA), America's proved oil reserves grew from 24.6 billion barrels in 1949 to 38.1 billion barrels in 1971 before declining to 21.0 billion barrels in 1998. Natural gas proved reserves have followed a similar pattern, although they peaked earlier and are somewhat larger than our oil reserves. . . . EIA-supplied statistics show that the U.S. had 152 billion barrels of 'technically recoverable oil' (including proved reserves) in 1998, enough to last another 77 years at the current rate of production. As for natural gas, there is enough to last 71 years at the current production level."[14]

The oil and natural gas reserves cited in the EIA report are only a fraction of the reserves that have been discovered. Lindsey Williams was the chaplain for the construction crews that built the trans-Alaska pipe line, and was at Prudhoe Bay when Atlantic Richfield tapped into one of the largest oil fields in the world, but the field wasn't developed. I researched that story, and found a BP executive who confirmed the information. Radio Liberty carries Lindsey Williams' book, The Energy Non-Crisis.[15]
I will cover more of this incredible story in my next article “Peak Oil II.”
References:
1, www.hubbertpeak.com2, www.hubbertpeak.com3, www.hubbertpeak.com/deffeyes 4, http://en.wikipedia.org/wiki/Peak_oil5, www.hubbertpeak.com6, http://healthandenergy.com/natural_gas_ shortages.htm, p. 2.7, Ibid., p. 3. 8, http://en.wikipedia.org/wiki/Peak_oil9, Mark Magnier et al, "China Stakes Claim for Global Oil Access," Los Angeles Times, July 17, 2005. See web site: www.latimes.com/business/la-fg-chinaoil10, http://en.wikipedia.org/wiki/Thomas_Gold11, www.freeenergynews.com/Directory/Theory/ SustainableOil12, Richard Morin et al, "72% Say Gas Scalping Is Tied to Storm," Washington Post, Sept. 4, 2005, p. A 27. 13, Gary Benoit, "Energizing America," The New American, March 27, 2000, Volume 15, No. 14, Ibid.15, Lindsey Williams, The Energy Non-Crisis, Worth Publishing Co., July 1980, pp. 170-202.
© 2005 Stanley Monteith - All Rights Reserved
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Dr. Stanley Monteith has been studying the movement to create a world government for almost 40 years. During his 35-year career as an orthopedic surgeon he traveled to Europe, lived in South Africa, and researched the records of the men and the organizations that are working to bring our nation under the control of a corporate elite.
Dr. Monteith currently spends five hours daily on talk radio across the nation. He writes extensively, and lectures on geopolitics. He is the author of AIDS: The Unnecessary Epidemic and his most recent book Brotherhood of Darkness is in its 8th printing.
RADIO LIBERTY, P.O. BOX 969, SOQUEL, CA. 95073 -- 800-544-8927
Web-Site: www.radioliberty.com
E-Mail: DoctorStanRadio@aol.com

____________________




From http://www.newswithviews.com/Monteith/stanley1.htm

THE PEAK OIL MYTH PART 2 of 2

By Dr. Stanley Monteith
December 10, 2005

NewsWithViews.com
Most people believe the Gulf storms were responsible for the increase in the price of petroleum products, but they are wrong. There was an adequate supply of fuel across America on the day Hurricane Katrina flooded New Orleans, but the price of gasoline immediately "spiked" to over $3.00 a gallon.
The recent increase in the price of oil and natural gas was orchestrated by OPEC, the oil cartel (The Four Remaining Sisters), and the Bush administration to:

(1) Promote conservation (2) Increase profits (3) Lower our standard of living (4) Destroy our economy (5) Impoverish the American people

When the cartel began raising the price of oil last year, the Bush administration continued purchasing petroleum for the Strategic Oil Reserve which increased the price of oil. Senator Bingaman asked the President to suspend purchases until the price stabilized, but he refused, and many Americans will pay 20% of their take-home pay on energy this winter.
When the oil price surged to $70 a barrel, the Bush administration released oil from the Strategic Reserve and the price fell to $60 a barrel, The Washington Times reported:
"Recent gasoline-price spikes have given new meaning to the phrase 'pain at the pump.' And with demand from India, China and elsewhere growing, and U.S. failure to open a single new oil refinery since the 1970s, supplies could remain tight and prices elevated for some time." (italics added)[1]

The U.S. imports 400,000 gallons of gasoline a day from other countries because the environmental movement has blocked construction of new oil refineries in the United States for almost 30 years. The U.S. had 321 refineries in 1981; the U.S. has 149 oil refineries today. Many plants operate 24 hours a day (with no down-time for maintenance) to supply the growing demand for fuel, and to comply with EPA regulations that require refineries to formulate different types of gasoline in different regions of the country at different times of the year.[2]
Who funds the environmental movement? The oil cartel (The Four Remaining Sisters), major corporations, foundations, and government agencies. Why has the environmental movement blocked construction of new oil refineries? Because The Four Remaining Sisters don't want competition.

The New American reports:

"In 1996, Texaco, in an internal memo, noted: 'The most critical factor facing the refining industry on the West Coast is the surplus refining capacity, and the surplus gasoline production capacity. The same situation exists for the entire U.S. refining industry. Supply significantly exceeds demand year-round. This results in very poor refinery margins, and very poor refinery financial results'"[3]

When the gasoline supply increases, the gasoline price falls. When the gasoline supply falls, the price of gasoline increases. A recent article in the week-end edition of The Washington Post reports:

"When the average price of a gallon of regular gasoline peaked at $3.07 recently, it was partly because the nation's refineries were getting an estimated 99 cents on each gallon sold. That was more than three times the amount they earned a year ago when regular unleaded was selling for $1.87."[4]

Congress established the Strategic Heating Oil Reserve to insure an adequate supply of inexpensive fuel during the cold season, but the Bush administration refuses to release oil this winter. Reuters News Service reports:

"Democratic Rep. Edward Markey of Massachusetts asked the Bush administration . . . to explain why it will not tap the government's emergency heating oil stockpile, even though federal law allowed it (to) do so after heating fuel prices reached high levels."[5]
Is the world really running out of oil and natural gas? Lindsey Williams claims the oil shortage is contrived. A high-ranking Atlantic Richfield Company executive edited the second edition of The Energy Non-Crisis because the executive was angry with his employer. He wrote:
"That great pool of oil is probably as big as the Prudhoe oil field . . . but government has ordered us not to produce that well, or reveal any information as to what is at Gull Island."[6]
"Three wells have been drilled, proven, and capped at Gull Island. The East Dock well also hit the Gull Island oil pool. . . . For forty miles to the east of Gull Island, there has not been a single dry hole drilled, although many wells have been drilled. This shows the immensity of the size of the field.

The Gull Island oil find is even larger than the Prudhoe Bay field, which is presently producing more that two million barrels of oil every twenty-four hours."[7]
"Only recently, just west of Gull Island, the Kuparuk oil field has been drilled. . . . The chemical make up of the field and the pressure of the field is different from the others, proving it to be a totally separate pool of oil. . . the Kuparuk field is approximately 60 miles long by 30 miles wide and contains approximately the same amount of oil as the Prudhoe Bay field."[8]
"If this is allowed to be produced, we can build another pipeline, and in another year's time we can flood America with oil - Alaskan oil, our own oil, and we won't have to worry about the Arabs . . . if there are two pools of oil here this big, there are many, many dozens of pools of oil all over this North Slope of Alaska."[9]

The EPA has capped producing wells, blocked efforts to drill on government land, and restricted drilling on private property. The massive oil reserves off our East and West coasts haven't been developed, the massive oil fields under the Arctic National Wildlife Refuge (ANWR) and Gull Island haven't been tapped. If there is really a shortage of oil, why haven't we developed those reserves?[10]

I interviewed Edward Deatherage who claims private companies can produce all the fuel we need if Congress will guarantee them $25 for a barrel of oil. Why is that important? In the past, when private companies tried to develop oil fields in the United States, the cartel dropped the oil price below the cost of production and bankrupted the competitors.[11]
Natural gas (NG) cost $3.00 per million BTUs in the 1990s, and would have remained at that price if the EPA hadn't blocked development of gas wells, forced electric-generating companies to burn NG, exhausted the NG supply, and increased the price to $12 - $14 per million BTUs. The Wall Street Journal reports:

"The American Gas Association said yesterday it anticipates the average natural-gas bill will rise about 50% this winter. . . . Natural gas is the dominant fuel used to heat homes in the U.S., with roughly 52% of homes using it."[12]

Most geologists believe that oil and natural gas come from the breakdown of organic matter, but Thomas Gold, an astro-physicist at Cornell University, believes oil is derived from methane that contains residue of bacteria that flourish in the "Deep Hot Biosphere."
Russian oil companies followed Thomas Gold's advice, drilled hundreds of deep wells, discovered vast reserves of oil and natural gas, and have become the world’s second largest oil producer.[13]
Joel Skousen was correct when he wrote:

"Yes, Peak Oil is coming - not so much because the supply has really peaked, but because the manipulated supply is peaking. The U.S. is withholding vast Arctic and offshore resources in order to keep an ace in the hole for the coming war. . . . There has been a conspiracy to restrict refining capacity and buy out the little guys to cap supply - and that isn't likely to change in our lifetime. We're stuck with these powerful controlling forces, and will be - thanks to a dumbed-down electorate - until it's too late to do anything about it."[14]
Who are "The Four Remaining Sisters?" When Congress investigated the oil industry in 1911, they discovered the Standard Oil Trust (owned by John D. Rockefeller) controlled the banking industry, the oil industry, the transportation industry, and several other major industries. To counter the dangerous concentration of power, Congress enacted legislation that broke up the Rockefeller Trust, and led to the formation of Standard Oil of New Jersey, Standard Oil of Ohio, Standard Oil of California, Standard Oil of New York, Mobil, and a number of other Rockefeller-owned companies.[15]

Anthony Sampson's book, The Seven Sisters, discussed the seven companies that controlled the oil industry in 1976: Exxon, Gulf, Texaco, Mobil, Socal, British Petroleum (BP), and Royal Dutch Shell.[16] The Rockefellers controlled Exxon, Mobil, and Socal; the Dutch Royal Family controlled Royal Dutch Shell; the English government and the British Royal Family controlled British Petroleum.[17]

Subsequently:

- Standard Oil of New Jersey became ExxonMobil - Standard Oil of New York merged with ExxonMobil- Standard Oil of California (Socal) became Chevron - Texaco merged with Chevron - Gulf Oil merged with Chevron[18]
The Rockefeller dynasty controls ExxonMobil and Chevron. David Rockefeller was a founding member of the Bilderbergers, and attended the May 2005 Bilderberger meeting in Munich. Sir John Kerr, director of Royal Dutch Shell, attended the May 2005 Bilderberger meeting. Jeroen van der Veer, chairman of the committee of managing directors of Royal Dutch Shell, attended the May 2005 Bilderberger meeting. John Brown, CEO of British Petroleum, attended the May 2005 Bilderberger meeting. Peter D. Sutherland, chairman of British Petroleum, attended the May 2005 Bilderberger meeting. Does there seem to be a pattern here?[19]
Seven companies (The Seven Sisters) controlled the international oil cartel in 1976. Four companies (The Four Remaining Sisters) control the international oil cartel today.
I believe the Bilderbergers are an appendage of the Occult Hierarchy that rules the world.[20] What is their goal? They want to increase the cost of energy, lower our living standards, and destroy our economy. Can that be documented? Yes! Steven Rockefeller (Nelson Rockefeller's son), Mikhail Gorbachev (former dictator of Russia), and Maurice Strong wrote the Earth Charter, the New Ten Commandments for the world. Section 10a states:
"Promote the equitable distribution of wealth within nations and among nations."[21]

The United States is the richest country in the world. If the Hierarchy is going to "promote the equitable distribution of wealth . . . among nations," how will they accomplish that goal? They will transfer American jobs, American factories, and American wealth to third-world countries.

We have entered a period that will try men's souls. The U.S. is fighting a senseless war in Iraq, effective treatments for cancer and heart disease are being suppressed, 200,000 - 300,000 Gulf War I veterans are ill, one in six American children has a neurodevelopmental or behavioral abnormality, the incidence of cancer, diabetes, heart disease, and Alzheimer's disease is increasing, and the standard of living of the American people is declining. Are those things happening by accident? I believe the Occult Hierarchy is following the "plan" laid out in the Earth Charter. We must oppose them. Truth is our weapon. The Lord is our shield.
Click here for part-----> 1
Footnotes:


1, Ben Lieberman, "Price control perils . . . fuel turn-on," The Washington Times, Sept. 13, 2005, p. A 20.2, Dennis Behreandt, "The New Fuel Crisis," The New American, Oct. 17, 2005, pp. 12-28.3, Ibid.4, Justin Blum, "Winners and Losers in the Gas Wars," The Washington Post National Weekly Edition, Oct. 3-9, 2005, p. 20.5, Washington Post Article6, Lindsey Williams, The Energy Non-Crisis, Worth Publishing Co, 1980, p. 1797, Ibid., p. 182.8, Ibid., p. 183.9, Ibid., p. 173.10, Gary Benoit, "Energizing America," The New American, March 27, 2000, Volume 15, No. 07 11, Radio Liberty interview, Sept. 23, 2005.12, Stephanie Cohen, "Natural-Gas Bills Forecast to Rise by 50% in Winter," The Wall Street Journal, Oct. 12, 2005, p. D3.13, Free Energy News 'Sustainable Oil - Magma Oil'14, Joel Skousen, www.WorldAffairsBrief.com, 10/21/2005. 15, Whatever Happened to Standard Oil? 16, The Seven Sisters and http://history.sandiego.edu/gen/wwl/oil.html 17, You've been 404'd and Royal Dutch Shell18, Seven Sisters 19, Daniel Estulin: Breaking the Silence and Global Empire20, www.radioliberty.com, May 2005 and June 2005 newsletters21, The Earth Charter, copy available from Radio Liberty.


© 2005 Stanley Monteith - All Rights Reserved
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Dr. Stanley Monteith has been studying the movement to create a world government for almost 40 years. During his 35-year career as an orthopedic surgeon he traveled to Europe, lived in South Africa, and researched the records of the men and the organizations that are working to bring our nation under the control of a corporate elite.
Dr. Monteith currently spends five hours daily on talk radio across the nation. He writes extensively, and lectures on geopolitics. He is the author of AIDS: The Unnecessary Epidemic and his most recent book Brotherhood of Darkness is in its 8th printing.
RADIO LIBERTY, P.O. BOX 969, SOQUEL, CA. 95073 -- 800-544-8927
Web-Site: www.radioliberty.com
E-Mail: DoctorStanRadio@aol.com