Oil – Are We Really Running Out?

Oil, are we really running out or is this some kind of scam designed to create artificial scarcity in order to manipulate prices?

Oil is plentiful! Don’t let anyone try to convince you the world’s supply is dwindling to nothing. The truth of the matter, there is more oil than we will use in our lifetime.

Canada…

Canada alone sits on an estimated 1.7 trillion barrels of crude in the Alberta Tar Sands. This crude bitumen, also known as “heavy crude” is processed using hydro-processing. This is a pre-process before this bitumen can be sent to the refineries.

National Energy Board of Canada estimated the operating cost of a new mining operation in the Athabasca oil sands to be C$9 to C$14 per barrel.

Conventional oil wells can range from less than one dollar per barrel in Iraq and Saudi Arabia to over six in the United States and Canada’s conventional oil reserves.

So is it cost prohibitive to to process the bitumen? I don’t think so! Keep in mind the cost of oil as of this writing is 72-dollars per barrel.

In my recent visit to Alberta, I got to speak with some locals about the tar sand operation. They were all expressing their concerns about the Canadian Government selling off too much property to the Chinese.

Saudia Arabia…

Oil was discovered in Saudi Arabia by U.S. geologists in the 1930’s.

As World War II approached, there was little oil production or shipping after the first significant oil discovery made in 1938 at Dammam. In 1943, Roosevelt and his administration came to a realization, oil was going to be very important in the future.

A relationship started to develop. In order to provide military and economic aid to Saudi Arabia, Roosevelt declared the defense of Saudi Arabia was vital to the defense of the United States. To this day an agreement has been in place which all Saudi oil is sold in U.S. dollars in exchange for protection. I bet you didn’t know this!

Saudia Arabia claims they have 200-billion barrels of crude oil. They have been claiming this for years. The word on the street, if you have less than 200-billion barrels of crude, you can’t be in the OPEC cartel. This has yet to be confirmed.

Russia…

Russia sits on a tremendous supply of oil. Claims of over 80-billion barrels of crude in proven reservers. There is plenty more undiscovered.

Venezuela…

Experts believe Venezuela holds 90% of the world’s super-heavy tar oil reserves, they are believed to be sitting on an estimated total of 1.36 trillion barrels. There goes Hugo and Citgo!

Click on the link for a chart of Crude Oil Imports from the top 15-countries. This should give you an idea of how much oil is moving out there! This doesn’t even take into account all of the un-discoverd oil out there.

Touring the Gulf…

In my recent visit to New Orleans, I was amazed at all of the giant oil tankers just waiting to off load oil and can’t because the storage tanks are full.

So are we being lied too? You bet your gas guzzling SUV!

Peak oil…

Peak oil is a scam to create artificial scarcity and drive prices up. Meanwhile, alternative fuel technologies, which have been around for decades, have been intentionally suppressed.

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.

Oil spike…

Oil’s peak price was on July 11th 2008 at 147.29. This we can thank our trusty wall street firm, Goldman Sachs. They claimed oil was going to 100 then 150 then 200. People believed them and were buying the hype while prices were soaring Goldman began to take short positions and then prices started to collapse.

Now after the financial debacle, Goldman’s credibility is shot! The part about Goldman which still infuriates me, when they were going to vote to approve the TARP funds on Monday, Goldman had a special meeting over the weekend with the Federal Reserve. The Federal Reserve granted commercial bank status to Goldman so Goldman could access the TARP funds. Amazing! Talk about criminal! We’ll leave this story for another day.

The oil companies figured out a long time ago, if you drill in hostile areas, the political unrest is beneficial to create fear of supply interruption and thus price spikes! This has become a very profitable strategy! Not to mention the refinery game. Anything to create fear of supply interruption!

So don’t buy the hype of oil drying up! There is plenty for your SUV and boat!

The Seekers of Truth

Some Additional Resources…

Fools Believe Peak Oil Scam « Gheorghe Alexeev’s Blog

Peak Oil Theory World Running Out of Oil Soon Is Faulty; Could Distort Policy & Energy Debate. In contrast to a widely discussed theory that world oil production will soon reach a peak and go into sharp decline, a new analysis of the …

Publish Date: 04/13/2010 13:39

http://gheorghealexeev.wordpress.com/2010/04/13/fools-believe-peak-oil-scam/

Another Zionist Scam Revealed: The Peak Oil Scam

You see, the ‘Peak Oilscam is not; really about the world running out of oil reserves or being incapable of producing sufficient quantities; to provide for its various national users. Instead, Peak Oil was fabricated to disguise …

Publish Date: 07/01/2010 20:49

http://northerntruthseeker.blogspot.com/2010/07/another-zionist-scam-revealed-peak-oil.html

» If the U.S. Won’t Drill Oil Offshore, Other Nations Will – Big

Carbon trading is the BIGGEST SCAM in modern American history – and it will unfairly PUNISH Americans of all economic strata. It’s LUNACY and the fact that a liberal Democrat criminal like Franklin Raines “owns” the patent tells me it’s a … The majority of the oil refined in the U.S. is from North & South America. About 30% is from overseas (last time I checked). Oil companies will start close and move out from there – even out to a mile deep ocean if forced too (by …

Publish Date: 07/05/2010 19:03

http://biggovernment.com/wshughart/2010/07/05/if-the-u-s-wont-drill-oil-offshore-other-nations-will/

Some Videos for you…

Peak Oil Myth – Scam Busted by Noe van Hulst

Peak Oil Myth – Scam 65% Of the oil remains in the earth’, According to Noe van Hulst, Secretary General of the International Energy Forum, even The Children of our children will not see the day that we no longer have use of oil because most of it st…

Peak Oil is Hoax -Here’s Proof -Only 11 % of Discovered Oil Has Been Produced

Russia Proves ‘Peak Oil’ is a Misleading Scam

www.vialls.com Congress needs to impose a windfall profits tax on oil companies that have profited from the unjustified price increases. Also, stop filling the Strategic Petroleum Reserves until prices are lower. Bush and Cheney have the power to ope…

Oil – Are we really running out?

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