George W. Bush Is Not Stupid
(He’s An Oil Man)
by
Neal Horsley
(Christian Gallery News Service, July
5, 2004) If you read what follows you will see evidence proving that the United States of America is on the brink of an oil crisis that—and this is
no exaggeration--threatens the survival of the world as we presently know it.
When you see this evidence, you will begin to understand that, in spite
of all the evidence to the contrary, President George W.
Bush's actions might not be so stupid after all.
It’s easy to look at George W. Bush’s
actions in Iraq and think that he and his administration are stupid as dirt:
they start a war that looks like it will never end, a war that brings the
threat of annihilation to countless hordes of Stateside Americans, and it turns
out the reasons they gave to the public for starting the war are so bogus that
nobody even bothers to talk about them anymore.
The impression of stupidity is enormously
expanded by what Michael Moore reveals about George W. Bush in his documentary “Fahrenheit 9/11.” To watch the President of the United States
sit in a child’s chair in a child’s classroom utterly flummoxed for over ten
minutes after being informed that multiple fully loaded hijacked commercial airliners have begun to crash into strategically important targets across the country appears to be conclusive
evidence that the sitting President of the United States of America has no
independent insight or instincts into what a Commander in Chief of Armed Forces
is supposed to do when he has been informed that his nation is under attack.
Following is a short synopsis of the event
taken from thememoryhole.org, the web site that alerted the Internet (and Roger
Moore) to the fact that Bush’s visit to the school had been filmed in its
entirety.
“At 9:03 AM on 11 September 2001, the second airplane hit the South Tower of the World Trade Center. President Bush was in Florida, at the Emma T. Booker Elementary School, listening to children read. Chief of Staff Andrew
Card came over and whispered in Bush's ear, "A second plane hit the second
tower. America is under attack."
“What did the Commander in Chief do? Nothing. He sat
there. He sat for well over 5 minutes, doing nothing while 3,000 people were
dying and the attacks were still in progress.
“Not only did the leader of the free world
sit as his country was attacked, the Secret Service also did nothing. Bush was appearing in public at a previously announced
photo-op. He was a sitting duck. The attacks were ongoing at that point (planes
had yet to hit the Pentagon or the field in Pennsylvania), and nobody knew how much more destruction was
going to happen. Were there two, three, four, eight more planes hijacked and on
their way to crash into prominent buildings? Was one headed for the school,
where anyone who checked the President's public itinerary would know he was
located? Were other terrorists planning to detonate dirty nukes? Were they
going to release anthrax or smallpox or
sarin? Was an assassination squad going to burst into the school and get Bush?
Was a suicide bomber going to ram a truck full of explosives into that
classroom?
“During the midst of the attacks, any of
these things could've happened. Yet there sits Bush, seemingly unconcerned. His
Chief of Staff likewise doesn't think that America in flames warrants the President's immediate
attention. And the Secret Service utterly fails to do its job by grabbing the
President of the United States and getting him to safety. It's truly
inexplicable,” the memoryhole.org article concluded.
Fahrenheit 9/11 took that footage and
turned it into the center piece of a documentary that makes President George W.
Bush look, at best, like a doofus or, at worst, like a collaborator in the
terrorist attacks.
But before you reach a false conclusion that George W. Bush is simply stupid and then begin to
think that America’s problems are
going to be ameliorated by bringing in a new President, it is necessary to stop
and take a long hard look at what is motivating the man. That which appears to be stupid often masks
deeper motivations that are not stupid at all.
President George W. Bush can be understood when you
realize the man is controlled by the will to survive in
a situation where the entire structural entity we call the United States of America is on the brink of chaos because we the people are
in sight of the day when the oil wells of the world will run dry. That day can bring a chaos to earth that
would rival the chaos created by a huge meteor impact.
This article reveals to the general public facts that are already well known to the people who run the USA. Because of
the world-changing oil crisis in view, George W. Bush is being supported by the
top level echelons of both the Republican and the Democratic political institutions. What those
people already know should be known by all.
This article explains the roots of the
potential chaos facing the US and provides you with evidence proving that when
George W. Bush and his supporters started a war with Iraq, it wasn’t because they thought WMD was there but
because they KNEW oil was there. They
went to war in Iraq, and they are supported in that war by the entire political establishment of the US, because they know you hired them to make the
kind of hard survival decisions that sometimes require we the people to
confiscate property that would normally belong to other people. They
haven’t told you about the facts outlined in this article because they know you
like to perform, shall we say, “irregular” things, things like taking
property that would normally belong to other people, in a way that is hidden from public view so you won’t be troubled in mind.
I
write this article because I believe ignorance is only bliss in the short
run. The risks involved in these present
actions taken by the US government far exceed any short term losses in
peace of mind. If we the people are
going to survive, we need to think long and hard about the adventures this
present regime is undertaking in our name.
And we need to begin to prepare now to survive the long term impact of
the Oil meteor.
THE
SHORT ANSWER THAT DEMONSTRATES WHY THE OIL CRUNCH IS ALREADY BEGINNING
As the charts at the bottom of this
article demonstrate, simple arithmetic shows the global oil well is running dry. In 1997, global oil use was running at more than 26.7 billion barrels per year. The charts at the bottom of this article
claim that in 2003 a little over 1000 billion barrels of oil was proven to be
readily available on this planet. 1000 divided by 27 is a little over 37
years worth of oil.
When confronted by the equation above, we all want to believe that prospectors from the world’s oil companies are
on the verge of finding more subterranean oceans of oil. A New York Times article on May 2, 2004 entitled “The Oil
Crunch,” by Paul Krugman crushes that hope. The Times tells us, “no major oil fields have
been found since 1976, and experts suspect that there are no more to
find…”
We all know that today’s technology provides tools that peer deep below the
earth’s surface. The entire earth has
been scanned by those tools. They see no
more oceans of oil.
The Evidence: Break It To
Them Gently That Oil Is Vanishing
If you were in charge of the peoples of
the United
States of America and you sensed the nation was on the brink of an
unprecedented calamity, you would most likely want to break the news gently and in bits and pieces.
Say, for instance, like the method that follows.
|
June, 2004, National
Geographic 
|
|
Excerpt from the National Geographic lead article: "And so
oil companies are searching for new supplies and braving high costs, both
human and economic. Making gambles like Thunder Horse and venturing into West
Africa and Russia,
they are still finding oil in quantities to gladden
a Hummer owner's heart. But in the end the quest for more cheap oil will
prove a losing game: Not just because oil consumption imposes severe costs on
the environment, health, and taxpayers, but also
because the world's oil addiction is
hastening a day of reckoning."
"Humanity's way of life is on a collision course with geology—with the
stark fact that the Earth holds a finite supply of oil. The flood of crude
from fields around the world will ultimately top out, then dwindle. It could
be 5 years from now or 30: No one knows for
sure, and geologists and economists are embroiled in debate about just when
the "oil peak" will be upon us. But few doubt that it is coming.
"In our lifetime," says economist Robert K. Kaufmann of Boston
University, who is 46, "we
will have to deal with a peak in the supply
of cheap oil."
|
In other words, according to National Geographic, it's not a matter of “if” we're going to run out of oil,
it is a matter of “when.”
No one
knows when the pressure from diminishing oil resources
will drive the price of oil so high that the present world economic
infrastructure would be destroyed. But
any reasonable person can see that the oil reserve equation above carries an
exceedingly grim forecast about the future.
If you want to know what the Oil Crunch will look
like for the foreseeable future, examine the Iraqi War. What
happened in Iraq will happen in any oil rich nation unwilling, ala Saddam Hussein, to guarantee oil at the price decreed
by the government of the USA. Iraq is a reminder, a living sticky note, sent by the US to all oil
rich nations. In the face of
“uncooperative” leadership in oil rich countries, there will be a quick, surgical removal exactly like what happened in Iraq and a quick
transfer of power to a regime that will do what the US requires--exactly like
the transfer of power in Iraq.
The
Oil Crunch can be likened to a meteor that has already begun to collide with planet earth, but the collision is
occurring in excruciatingly slow motion.
The Iraqi War is the first evidence of impact. Brace yourself, because the meteor has just
barely begun to touch the crust of planet earth. Just as if a real meteor had impacted the earth, we will all soon be forced to respond to the earthquake waves created by the Oil
Crunch slowly, excruciatingly slowly, exploding around us today. And
there is nothing you can do to avoid facing the meteor's impact.
THE
LONG ANSWER THAT PROVES THE OIL CRUNCH IS ALREADY AT HAND
You can see the Oil Crunch for yourself
when you begin to interpret the actions of the US government as if virtually all US foreign policy actions are prompted by a need to
control the world’s oil resources.
The evidence proving the US government is moving to control the world’s oil is
inescapable and undeniable.
The
front page of the Wall Street
Journal on June 30, 2004, two days after the US
supposedly “returned sovereignty” to Iraq carried
this headline, “As Threats to Oil Facilities Rise, U.S. Military Becomes
Protector.” The article stated, “The
U.S. has long made oil security a foreign-policy priority. But the challenge in
the past was to cope with temporary threats of disruption…Now, however, the U.S. is
bracing for an era of continuing attacks by insurgents bent on blocking the
flow of a commodity vital to the
world’s economy. The result is shaping
up to be a globe-spanning and open-ended U.S. campaign
to offer protection.”
Focus particularly on the words
“globe-spanning and open-ended.” Those
are all-encompassing words, words that speak volumes
about America’s real foreign
policy goals. While the
Wall Street Journal article defined a vast, ongoing commitment of American forces to
protect Arab Gulf Region oil, it also
described a much broader worldwide deployment of American military forces. “In Columbia, Army Special Forces are training a brigade of local commandos to protect a pipeline.
In Yemen and the Caucasus, the
Coast Guard is training local forces
who defend oil installations and shipping.” The litany of American incursions across the
world ended by pointing out that “regional governments loudly objected” when U.S. commanders began moves to
position American forces to control the Strait of Malacca, a chokepoint between Malaysia and Indonesia through which a seventh of the world’s oil passes
each day to booming Asia.”
It does not take a prophet to see that
this redeployment of American forces will continue. As each day passes, you will see evidence of
a historically unparalleled intervention of American forces into oil hotspots around the
world until it becomes obvious that the government of the USA is marshaling forces capable of making the USA the de facto owner of all the oil on planet earth.
Read what follows and you will see why this forecast can be made with certainty. You will also see why such a move might well destroy the United States of America.
THE
CONTEXT
The
Charade of Gulf Region National
Sovereignty
On
June
28, 2004 the news media of the world trumpeted headlines like this one from CNN:
U.S. returns
sovereignty to Iraq
Handover comes 2 days
before date coalition had announced

The
New Zealand Herald, like the rest of the “free world,” joined in the applause by
reporting how the news about the transfer of sovereignty was passed to
President George W. Bush, “The White House spokesman, Scott McClellan, said President
Bush learned that the handover had been completed from his National Security
Adviser, Condoleezza Rice…Handed the note, which said "Mr President, Iraq
is sovereign. Letter was passed from Bremer at 10.26am Iraq time -
Condi", Mr Bush passed it back, having scribbled: "Let freedom
reign!"
The
scene reported between Condi and…(what is President George W. Bush’s nickname
among his family and friends?...Surely it can’t be W.)…is a metaphor for the
entire charade of sovereignty that has been going on in the Middle East for the past sixty years. The charade goes like this: Words about
sovereignty are spoken by leaders of Great Powers, the world’s press parrots
those words, finally the public grins and applauds that “Freedom” is
being unleashed. It’s a charade because
the exact nations who were sovereign before the words about the transfer of
sovereignty were spoken remain sovereign afterwards. The only thing that actually changes is the names of the players on the scorecard.
You
can see the charade for yourself when you learn facts like those revealed by Peter Grier, a staff writer for the Christian Science Monitor
who wrote on October 16, 2002, at a time when it was becoming apparent that the USA might actually be serious about invading Iraq, an article entitled, “Is It All About Oil?”.
He said, “The US has served as the
western world's guarantor of Gulf stability since the end of World War II, when
it took over that role from a weakened Britain.”
Pause
and think about that preceding sentence.
If the US is the
“guarantor of Gulf stability” how can that stability be guaranteed unless the US can actually
exercise, when put to the test, sovereignty over that territory?
The
answer is obvious. The US can only
be the guarantor of Gulf stability if the US is in
fact sovereign over the Gulf region of the world.
Nothing
exposes the sovereignty charade better than this article in Time magazine. “If
Iraqi history was made Monday in Baghdad, nobody told the Iraqis. Literally: The transfer of political authority in Iraq from the U.S.-led Coalition Provisional Authority to a largely U.S.-appointed Interim
Government led by Prime Minister Iyad Allawi was brought forward two days early
to avoid its moment in the headlines being bathed in blood by insurgent
violence — the five-minute event attended only by handful of participants,
aides and journalists passed in secrecy deep inside the "Green
Zone" which separates government and Coalition facilities from the ever-dangerous streets of the capital. Still, Allawi proclaimed it "a historical day," and pledged to take aggressive steps to restore Iraq's security in the face of relentless insurgent
violence.”
In other words, the US return of sovereignty that was trumpeted across
the world as a milestone event was blacked out in Iraq. That story
demonstrates clearly that the events in Iraq are stage managed for a purpose that has little if
anything to do with Iraqi sovereignty or the needs of the Iraqi people.
And
of course, for anyone with even one eye that sees, the 150,000 plus American
soldiers on the ground in Iraq, protected by the smartest bombs in the history
of the world, proves conclusively that the US is sovereign in the Gulf, proves
that the US is just as sovereign today on June 30, 2004 as it was on June 27,
2004, just as sovereign as it was on June 27, 1946, and just as sovereign as it
will remain in the future unless Osama bin Laden and the rest of the Muslim
brotherhood actually have
their way and return sovereignty to the Nation of Islam the way legend says it
used to be under Saladin.
WHY THE US FIGHTS TO BE SOVEREIGN
The
Wall Street Journal article above only hints at the grave stakes involved in the oil
business. It does not take much thought
to see why the US has been sovereign in the Gulf region since WW II.
Peter
Grier explained in the Christian Science article written in 2002, “Oil – a commodity synonymous with wealth
and power for a century – could be the great prize of a new US war with Iraq…Not that you'd know that from
listening to most recent Washington rhetoric.
President George W. Bush doesn't mention it when making his case for
confrontation with Saddam
Hussein. Lawmakers debating Iraq in
Congress last week talked much
more about Mr. Hussein's nuclear program than his vast oil reserves.”
Mr. Grier continued, “Oil, after all, is a
main reason the US is so
interested in the Middle East in the
first place. The region remains the world's preeminent source of high-quality,
easy-to-obtain petroleum, despite the resurgence of the Russian oil industry
and the increased importance of Latin American petroleum exports,” Mr. Grier
concluded.
Oil is not “a main reason”; as time will tell, oil is THE
main reason the US
government moves about the earth seeking whom it may devour.
THE TRUTH ABOUT SOVEREIGNTY
Since
the Second World War, there has been no real national
sovereignty on planet earth except the national
“sovereignty” that a Great Power like the USA would allow.
If
you are going to understand President George W. Bush, or any American President
since at least the Second World War, you must understand them as people who
lead one of The Great Powers. In order
to understand the real world,
you must focus clearly on that “Great Power” concept. In a discussion of context, there is no fact
more important than the fact called The
Great Powers. A book that will help you
understand why the concept called The
Great Powers is so important is, “The Rise and Fall of the Great Powers:
Economic Change and Military Conflict from 1500 to 2000” by
Paul M. Kennedy, a history professor at Yale.
One of the principle things you will learn from that book or any book
that speaks truthfully about the Great Powers is that the Great Powers don’t have to worry about stealing things.
As
American individuals, you and
I have been trained to believe in the concept of private property. That is the fundamental concept
used to teach us not to be thieves. We
were told when we were growing up, “Children, you must respect other people’s
property. You must not steal it. If you do, you will be punished.”
Most
of us have never heard any other story about property. But that is not true about George W.
Bush. As the child of one of the people
born into the group that has historically
provided the managers of the Great Powers, George W. Bush heard a different
story about property at an early age.
Property, George W. Bush’s daddy told
him, is not private at all when it
is seen to be necessary for the survival of a
Great Power. Under those circumstances, all property
rightfully belongs to The Great Power…if The Great Power can take it. Which, of course, the Great Power can,
because, well, the Great Power is a great power.
WHAT THE END OF OIL MEANS TO THE
GREAT POWER
What
follows is evidence that proves The Greatest
Power on earth, the United
States of America, is on
the verge of running out of the one property that is required for the
continuation of the USA as a
Great Power.
To put this evidence in perspective you
must first get out of your mind the idea that George W. Bush is stupid. Here’s why:
The choice we make about George W. Bush grows inevitably out of a simple equation. Either George W. Bush and the
circle of advisors around him are so presumptuous, so stupid, and have such
terrible political instincts that they make the most dangerous military
decisions on earth on the basis of information about Weapons of Mass
Destruction that proves to be false, or
something other than the stupidity of an American President is going on in
Iraq.
This article will demonstrate to you that
the presence of 150,000 American soldiers (and counting) in Iraq is the
conclusive evidence proving that those in the know in the oil industry (and you
can bet your last dollar, or peso, or whatever, that George W. Bush is counted
among that group) are convinced we have reached the place where American
military force must make the control of world oil reserves its first priority
in national defense.
What follows will show you why control of oil is the existing regime’s first
priority for American defense.
FOR
NATIONAL SURVIVAL, NOTHING MORE IMPORTANT THAN OIL
To see why George W. Bush and the rest of
the American leadership took the US to Iraq and why they are deploying American military
forces across the globe, it is necessary to view oil as if you personally were responsible for providing survival to the American people. From
that point of view, nothing is more important than oil.
To see the point, take a quick look at the
history of oil.
In the early 20th century, AD, as soon as
it became obvious that the horseless carriage might well revolutionize individual transportation, some insightful old curmudgeon declared that it was
the worst thing that could happen to mankind because when the oil ran out, we'd
be in a hell of a mess.
Early 20th century Americans could not
help but pause at the thought of empty oil wells. Anybody who looked
could see that Henry Ford's ability to put a car in every driveway meant a
virtually endless supply of oil would be required to make
Everyman's automobile investment make sense.

So people paused and took a long hard look
at oil. When John D. Rockefeller and his fellow oil magnates could
only show people the oil in Pennsylvania and other northeastern US venues, there was a
lingering suspicion that it might be wise to hold your horses.
(With the failure of the steam driven horseless carriage, that phrase,
"hold your horses" which had always been understood to mean, "Don't unsaddle your horse, you might need to move fast" took on the
deeper technological meaning of "Don't put too much faith in
the horseless carriage because it won't run without gasoline, and gasoline is
nothing more than oil all dressed up for the city.")
When massive oceans of oil were
discovered underneath Texas
and the American Southwest in the first decade of the 20th
century, pessimistic curmudgeons were out and the horseless carriage was in and
the 20th century literally went on a roll that was fueled by oil from that
day to this.

The Texas oil patch was
the harbinger of the future. For the past century, every time some old
curmudgeon raised his head and said, "We're going to run out of
oil!" heirs to John D. Rockefeller sent their surveyors out over the
earth and--lo and behold!--found new oceans of oil. In fact, so much oil
was discovered that we the people settled down, lost our "end of
oil" fears, revved up our engines, and went about our business.
And what a business it was! A writer
won't risk much credibility by declaring that the automobile is the technology
that made the 20th century run. All you have to do is look at the amazingly
long line of cars--three, four, five, six lanes wide--speeding down
the expressways of every city in the USA and you see the means of our
present way of life--And not just our way of life, but the way of life of
every person in every even halfway
developed country in the world.



The automobile is the means of our way of
life because without it, hardly anybody has a way to get to work. In
other words, you can't work if you can't get to work. It is the car that allows us to get to work.
But the car can be the end of our
present way of life as well. If we can't get to work, we can’t get
paid. And if we don’t get paid, the
economy that depends on consumer spending for its well-being starves to death
like an AIDS patient with full-blown AIDS. To use another metaphor, the entire economic
house of cards built upon personal credit
literally collapses when the cash flow generated by our
work runs out of gas. In a nation where
hardly anybody has cash reserves sufficient to weather an interruption of cash
flow, national meltdown would come in weeks rather than months
after oil flow was interrupted. Turn off
the oil spigot that allows us to
drive to work each day and this economy is dead.
Any person who actually pauses and thinks about how dependent we are on the availability of
oil cannot help but realize our need for oil is right up there in the life
support category like oxygen and food and water and clothing and
housing. We the people's real world
survival is presently dependent upon the availability of
oil.
If you’ve been paying close attention to
the business news in this nation, you already know about the coming oil crunch. The Oil Crunch,
by Paul Krugman, spelled it out in the New York Times on May 7, 2004: “Thanks to the mess in Iraq - including a continuing campaign of sabotage
against oil pipelines - oil exports have yet to recover to their prewar level,
let alone supply the millions of extra barrels each day
the optimists imagined. And the fallout from
the war has spooked the markets, which now fear terrorist attacks on oil installations in Saudi Arabia, and are starting to worry about radicalization throughout the Middle East. (It has been interesting to watch people who lauded George Bush's
leadership in the war on terror come to the belated realization that Mr. Bush has given Osama bin Laden exactly what he
wanted.)
Mr. Krugman continued, “Even if things had
gone well, however, Iraq couldn't have given us cheap oil for more than a
couple of years at most, because the United States and other advanced countries
are now competing for oil with the surging economies of Asia…Oil is a resource
in finite supply; no major oil fields
have been found since 1976, and
experts suspect that there are no more to find [emphasis mine]. Some analysts argue that world production is already at or near its peak, although most say that technological progress, which allows the
further exploitation of known sources like the Canadian tar sands, will allow output to rise for another decade or two. But the date of the
physical peak in production isn't the really crucial question…The question, instead, is when the trend
in oil prices will turn decisively upward. That upward turn is inevitable as a
growing world economy confronts a resource in limited supply. But when will it
happen? Maybe it already has.”
There is no “maybe” about it.
RUSSIAN
OIL IS THE SHAPE OF THINGS TO COME
Look at what is happening with Russian oil
and you will understand that the real powers in this world are much farther along than most people realize in
the struggle to see who holds onto the remaining oil resources of the world.
Until recently, most Russian oil was
controlled by a company called OAO Yukos, whose majority stockholder was a man
named Kikhail Khodorkovsky,
Forbes
magazine, when announcing that he was the 16th richest man in the
world, described Khodorkovsky this way in early 2003: “Onetime Communist Youth League activist now Russia's wealthiest man and chairman of oil giant Yukos. In the
early 1990s made a fortune in banking and commodities; in 1995 he bought Yukos
from the state at auction for a song.”
But in October of 2003, that story changed dramatically, On October
25, 2003, Khodorkovsky was arrested at gunpoint on a Siberian airport runway by the
Russian prosecutor general's office, on charges of tax
evasion. Shortly thereafter, on October 31, the government further took the
unprecedented step of freezing shares of Yukos.
Furthermore, the government began to assess charges of unpaid taxes and
penalties that now amount to billions of American
dollars.
The Wall Street Journal on July 2, 2004,
explained the situation like this, “His [Khodorkovsky] arrest and the
investigations of the company are widely viewed as an effort to put an end to
his aggressive moves to challenge the Kremlin in
the political realm.”
How was
Khodorkovsky challenging “the Kremlin in the
political realm?”
Turns out
Khodorkovsky had a real fondness for all things American and
vice versa. He had entered into a deal with Mobil Oil that
resulted in massive development of Russian oil resources. While his relationship with American oil was
rocky, it was a relationship that led to hundreds of millions of American
dollars gaining control of much Russian oil.
Shortly after his arrest, the
US State Department intervened and said the arrest was likely to be very
damaging to foreign investment in Russia, since it appeared there were
"selective" prosecutions occurring against Yukos officials but not against others. A week after the arrest, the Russian
government froze Khodorkovsky's shares in Yukos to prevent Khodorkovsky from
selling his shares. American oil
interests were clamoring to buy them.
The Russian government move alarmed foreign investors. One very influential Washington figure with close ties to the White House, Richard Perle is reported by
Kommersant, a leading Russian periodical, that Russia ought to be expelled from the G-8 over the arrest of Khodorkovsky, and
described the campaign against Yukos as "arbitrary, capricious and
vindictive."
The Wall Street Journal showed the role American investment played in
Russian oil in an article published on July 2, 2004, “A group largely made up
of foreign minority shareholders, including Janus Capital Group, Inc. and T. Rowe Price Group Inc., yesterday wrote to Mr.
Putin [Russian President] warning that “the effective expropriation of our
property in the company [Yuko Oil] would cast great doubt on the protection of
private property and the investors’ rights in Russia.”
While it has
always been very serious business
when oil was involved, we have entered a period unlike any before in
history. July 3, 2004 headline reads, “Police raid Yukos headquarters.”
And with that move, the Russian government effectively nationalized Russian oil.
Russia is simply doing in Russia what the USA is doing every place on the
planet where we can get away with it.
We should not be surprised to see every nation
on the planet organizing to hold on to its oil reserves or die trying. Without access to oil, the governments will
be sitting ducks to the forces of chaos.
The evidence that follows proves the end of oil is finally in sight. Whereas before, the oil magnates would send out
their surveyors and find oceans of oil, the surveyors are coming back today and
standing in front of the oil magnates and extending their hands in the universal sign that says empty. It is
virtually impossible to exaggerate the crisis that brings
to this planet…And to the United States of America.
WITHOUT
OIL AMERICA IMPLODES
Without oil, there are no jobs. Without jobs there is no prosperity. In a nation where perhaps ninety per cent of
the people are dependent upon jobs to have a place to live and food to eat and
clothes to wear (or a government that can provide them with such), the end of
jobs raises the specter of chaos that can only be controlled by martial law. There are many who are
totally convinced that the restrictions of civil
liberties in this nation today are tests to see how easy it will be to get this
generation of American people to accept martial law that comes, not from a local or a State or even the federal government of the USA, but from an International military force.
What we have learned about the American
people is chilling or encouraging depending on how much you value liberty. This generation has
stood by and watched a true revolution in law and morality. In so doing, this
generation has demonstrated conclusively that it will, without protest or
disruption, accept any kind of regime brought into authority over them, if (and
this is a truly historic if) this generation can continue to enjoy the present
prosperity and a modicum of the security we presently enjoy.
The “Patriot Act” executive and
legislative actions have demonstrated that the American people are willing,
even eager, for martial law if that is what it takes to continue to enjoy
the historically unprecedented wealth that came from being a citizen of the Greatest Power in the history
of the world.
But that experience also spotlights the potentially fatal defect in the American character. If the people are willing to tolerate even
the most brutal control mechanisms to perpetuate their present
prosperity, the people would logically tolerate that same brutality to punish the regime that cost them their prosperity.
Think about the preceding paragraph and
you will see for yourself the importance of oil. Without oil no reasonable political leader can see a way to avoid chaos of historically unprecedented proportions in the USA…except through the use of military force so great
that the American population retreats silently into their houses like the Iraqi
people and the Vietnamese people retreated into theirs.
Oops.
That’s right. The peoples of
those nations didn’t retreat silently at all, did they? All hell broke
loose for the American military forces.
Such is the price the US is willing to pay to keep oil flowing at a price
we can control. The alternative is to face a real insurrection from tens of millions of bankrupt and unemployed
American citizens.
Is that an exaggeration? Follow the train of thought and see for
yourself.
GOVERNMENT
AND OIL= JOBS
All
that is required to keep Americans happy is jobs, well-paying jobs that
perpetuate the present standard of living.
Without jobs, all
versions of the American Dream disappear because we will be forced to wake up.
Jobs
and the American Dream
The American Dream has for two hundred
years been the master narrative of the USA. The
American Dream should be more accurately labeled the America myth.
In essence the American Dream is centered
on the idea of independent individuals who came into the New
World in America and there made jobs for themselves out of the
wilderness thereby breaking the chains ordinary people had lived under in the Old World.
The American Dream is a myth because
Americans have never been able to create jobs for themselves in this
nation. From the beginning government power
was the providing agent for all jobs in
this nation. In the most important
questions of all, the questions of survival, the New World was exactly like the Old World. Individuals never did anything—as individuals—to guarantee survival in the New World. Always
there in the distance—admittedly, sometimes far in the distance—stood the
government, ever ready to send in the Calvary to defend the people trying to realize the American Dream. Without
government forces to restrain or destroy the competing forces committed to
stopping the people who came to the new world from making a living, death is
the only thing individuals found in the “New World.” In other
words, without government force to propel it, the entire historical epoch called the United States of America would have ended with the settlement at Roanoke Island that utterly vanished from the face of the
earth.
But in spite of all the evidence to the contrary, the American Dream took hold and
continues to this day.
It is easy to see how the American Dream
took hold. It grew almost organically out of the American experience, an experience
that made it hard to see the role that government has to play in providing
jobs.
During the early days of the USA, it was
possible for most individuals to spend most of their lives acting as if their
job was not dependent upon the government because the huge majority of people
lived and worked on widely dispersed farms that provided a sustainable way of
life even when the farm was almost totally separated from the greater American economy. Subsistence farming created a sense of
individual autonomy.
Couple the sense of individual autonomy that came from making a living from subsistence farming with
the idea that government was of, by, and for the people and you begin to see
how individuals could have believed they created their own jobs
and that government, if it had anything to do with their jobs at all, acted as the obedient servant of the individual who had created their own job.
As long as individuals perceived government to be of, by and for the individual, government was the friend, the servant, of the yeoman farmer
committed to maintaining the liberty of the individual.
The fly in the ointment created by this
myth can be easily seen by those with eyes that see. The government is not necessarily of, by, and
for that mythical yeoman farmer who believes he created his own
job. The government is in fact--in the
cold hard reality where the feet of real people hit the hard ground of objective, demonstrable fact--controlled
by people who are wholly other than the independent yeoman farmer, people who
live and work up there in the State capitol or the Nation’s capitol and only
come back where the yeoman farmer or yeoman worker lives when it’s time to
renew the American Dream.
Under those circumstances, government can
quickly become a deadly fly in the ointment of the individual because those people who make up the government believe themselves to
be invested with the right to use the deadly force of government, the force of
armed might—guns and bombs to be exact--to maim, kill or enslave those who
government decrees to be worthy of such treatment, those the government can, at
a moment’s notice, label terrorists or some other label synonymous with the old
west term “Outlaw, Wanted Dead or Alive.”
WHERE DOES GOVERNMENT START AND THE
INDIVIDUAL END?
Before we go far on that train of thought,
we must pull over on a siding and take a long hard look at what we mean when we
use the word government and the word individual. Those terms can become easily
confused so that people cannot distinguish between the two.
The two words are easily confused because
government is inevitably a creation of individuals. Since individuals have the power to identify themselves with the things they create
(psychologists call the process reification), the individual who believes him/her self to have created government almost inevitably sees government as indistinguishable from him/her
self. And as long as the individual is in fact the government--say in the situation that occurred in
ancient history where the father and husband in a family was the government in
that family--there is no danger of confusion.
But it must be seen and admitted that the
huge majority of individuals today are not the people who comprise the
government, all protestations by politicians to the contrary
notwithstanding.
Only in the American myth does the
individual live as the government. In the reality where everyone lives and moves and has their being, it is the
majority that is the government. And
that present arrangement is as fragile a fact as any in reality. All it takes for that fact
to disappear is a minority with arms and the will to use them who decides to
stop pandering to the majority—say like the military establishment in the USA.
Which leads us to the myth of majority
rule. While the majority might be given
the privilege of making government decisions on occasion, all ideas about majority rule are a myth insofar as those ideas imply
that the majority is the Hegemon. The Hegemon is the Great Power and the Great
Power is the people who have dominant military arms—guns, bombs, WMD, etc.--and
are willing to use them. While the great
majority of American citizens are clearly willing to have guns used in their
defense, they no longer have the guns themselves and even if the majority had
the courage to use them--which given the bloated condition of the body politic
is highly unlikely—the majority lacks the means to do so. The majority is protected only as long as the
majority is prepared to perpetuate the agenda of the plutocrats who actually possess the reins of government power.
This situation is not unique in
history. Surely the plutocrats awaken at
night in the cold sweat of horrible nightmares about the growing mercenary
warrior class, like the Roman Praetorian Guard, that is growing within the
borders of the USA, a warrior class capable of bringing a new Night of the Long Knives
to the USA.
As unpleasant as the foregoing is, that
solemn narrative is the foundational reality upon which all government theory must rest if it is to be anything other than
deceptive propaganda designed to sing lullalies to the sleeping cattle.
But it must be granted that for most
people in this nation lullabies instead of lullalies can still be sung. The
individual can identify with the government because the
people with the guns and the will to use them—the true Hegemon--presently
pander to the majority. If an individual is willing to subsume him/her self within the thing called the majority today (and all the attendant government laws and policies), that individual can find a reasonable basis for believing he/she is the government.
With the foregoing in view, it is now
possible to focus on the main difference between the concept government and the
concept individual. Whereas
government is by definition authorized to use deadly force to carry out the
will of the government, individuals are allowed to use deadly force only
in accordance with the rules established by government. If the individual finds him/her self in opposition to the rules established by
government, the logic of this present world requires the individual to always be trumped by government, even trumped to
death if necessary.
Think about the preceding ideas and you
will see where terrorists—who by definition are always a minority without official government sanction--come from.
TODAY
NOBODY CONTROLS THEIR OWN JOB
The point?
The individual is now,
perhaps for the first time in history, clearly perceivable as an abstraction,
and it is government that is the real thing
that gives the individual its
meaning. Face it, you are no longer an individual, you are a peasant, utterly dependent upon the land lord, and the
Land Lord’s name is government. And
government is way badder than any in the history of the world because
government has been released from all but the latest version of stare decisis--from all preexisting written documents like Constitutions and Scripture--and
given carte blanc to make law up as it goes along.
You might think you can flee and live “off
the grid” but you can’t. It’s way past
1984. Big Brother has arrived.
The point?
It’s time we all stood up and admitted the American myth, even as
myth, is no longer relevant to today’s world.
Today it’s easy to see that people are totally dependent upon government for their jobs. When people left the farm and moved into
towns to work in factories and the jobs that serve them, all illusions of independence and self-sustaining labor disappeared and
were replaced by the corporate hive-think that is both the paradigm for and the
end result of what society calls
government today.
Surprised?
You shouldn’t be. It’s always been that way: you just let the American Dream take your eyes off
reality.
When Pharaoh ruled it was easy to
understand reality because Pharoah owned all the land. He owned because He
ruled. He ruled because He made the
rules and He who makes the rules owns the land.
Once it was easy to see how dependent
people were upon government because the primary responsibility of government involved the
protection of the land. Literally the land. Since most people
were farmers, the land was the place where their jobs were focused. It is only in the last century that the role
of land in our way of life began to change.
Until then, everyone had understood that agriculture and the land that
provided it was that which provided the way of life to every person in the, uh,
land. When government protected the
land, government was actually protecting jobs.
In an agricultural world, where every peasant was actually a farmer, and there were virtually no jobs except agriculture, it was easy to see that the Landlord
was the actual guarantor of jobs and the survival those jobs provided.
But in America, the New World, all that changed. Here it was
easy to believe that there were no Landlords.
The American Dream seemed to be a real possibility because here land seemed to be an apparently infinite
commodity and almost as cheap as…dirt. If the price of land started rising, all one had to do to possess it was “Go West, Young Man; Go West.” And west we the people went.
But those days are long gone. In one generation after the Second World War,
we moved off the land and into corporate America.
Land is no longer even a factor figured in
the jobs equation for the USA.
Today, whether you’ve thought much about
it or not, everybody knows that providing jobs is JOB ONE of government. One of George W. Bush’s campaign themes in
2004 is about the fact that he has “created 1.1 million jobs since
August…” The Democratic candidate is
wringing his hands because he understands the pivotal power the government’s present success in providing jobs gives to the
Republican candidate.
I say all that to say this:
If you start thinking seriously about the
role of oil in today’s world, you find yourself in an unending circle. Everywhere you look you see that oil provides
the actual infrastructure upon which everything in the modern
world depends.
CONCLUSION
There is a theological component to this story that would tempt Native Americans to laugh in
vengeful delight were they not, like all of us, totally dependent upon the availability of oil.
The Native American theology always held that all things are infused with life and with
consciousness. At the root of the early
Native American sense of moral
superiority over the Europeans was an awareness of the fact that the
encroaching Europeans were seemingly oblivious to the sentient character of the
earth. The Indian took great pride in
the knowledge that they understood that the earth itself was a living,
conscious being who was offended when people did not treat it/her/him
properly. When they saw farmers ripping
open the sod of the Great
Plains, or more especially when they saw gold seekers ripping deep into the earth in frenzied
gold lust, they experienced a sense of moral superiority and believed they had every right to expect the earth to
rise up and wreak vengeance on the lustful, earth-ransacking European interlopers.
Before you decide this article is too
weird to read since I’ve just jumped from an analysis of oil to a discussion of the Native American Indian, focus on
the possibility that there is a sense in which it can be seen that oil is the
earth’s life blood. Like blood, it lies
underneath the surface. Like blood, it
is a liquid. Like blood, a significant
portion of the life forms around are utterly dependent upon it.
Could it be that the Native American might
have some insight into reality and that our decision to suck the earth dry of
its oil could be akin to a tick’s decision to suck out the blood of its
host? Could it be that the earth
tolerates us digging around on the skin of the earth, experiencing it more as a
pleasurable scratching or massage, but when we start sucking the very life
blood out of the earth, might it be that the earth ceases to tolerate us and
begins to think about treating us like a tick?
Interesting as those speculations might
be, this is not a time for speculation.
It is a time for raw, hard, material self-evident fact.
The
USA will not
achieve control of the world’s oil supply without enormous cost. Are you
willing to pay that price?
It is obvious that the USA has taken the
responsibility to fight to the death the Muslim Brotherhood that embodies the
ancient Muslim vision of, if not world autonomy, at least real Sovereignty for the international Nation of Islam. But they are
not the only potential enemy.
While no longer Super Powers like the USA, nations like France and
Russia and China and, the list goes on and on, have illusions of sovereignty
that create great power for potential resistance to the USA’s world hegemony should we feel the need for
“their” oil resources. On top of that,
the USA is being watched by an International Body that has aspirations to replace the USA as the world’s Hegemon, the world’s final Great Power. Any of those
facts could suddenly challenge the USA with mortal danger.
As the USA goes about, shall we say, “requisitioning” the world’s oil, we have already been branded by the Muslim Brotherhood as a thief. To date, the American people have not paused
in the face of such Muslim judgments. We
have simply placed a puppet regime in Iraq and stood back waiting to see what the world will
do.
Here’s
what the world will inevitably do:
As we move forward in bringing the world’s oil resources under US control, it
stands to reason that we the people stand a very good chance of being branded
by world opinion and the emerging International Body—the United Nations--as nothing more than a
common criminal, a thief to be exact, whose present actions in the
world provide a perfect rationalization
for forcing the people of the USA to lose that which they presently think they
own.
Since I am a Christian, I only give passing notice
to Native American theological
speculation about immanent sentience in the earth, and I do not look to
international or national government bodies to define right and wrong for me. And the battles of international sovereignty while not beside the point are not really THE critical question.
From my point of view, the critical question is not about who knows what or who has aspirations about ownership but about who actually owns the deed to the world and the world’s resources today. As a Christian, what I believe, and what I am
honor bound to act like I know, is what Holy Scripture makes clear, “The earth is
the LORD’S, and the fulness thereof; the world, and they that dwell therein.”
When I think about the present oil crunch
and the coming earthquakes it will cause, I look at what we the people have
been doing to the Lord God revealed in
Holy Scripture, not merely at what we have been doing to His earth.
We
have legalized murder and we have legalized
adultery and covetousness and idolatry of all types,
and, as this article demonstrates, we the people of the USA are on
the verge of legalizing theft. Where will it end?
Without
repentance, it is bound to end in the most horrible story in history.
To expect God to continue to replenish the
life blood of earth when we the people have decided to not only ignore His Law
but to replace it with a law directly the opposite of His Law is to expect the
impossible. We live in a generation that
prides itself on believing that nothing is impossible. But some things are impossible. The impossible is found when people expect
God to lie. God has said He will not be
mocked. To mock God’s law by replacing
it with the opposite is to mock God. To
expect God to do anything but destroy us under those circumstances is to expect
the impossible.
When I ponder what we the people have done to the
Lord, what I see causes me to weep with sounds of weeping I never made when I
was a child and never imagined I would make when I was a man. I weep with such horrible sounds because I
see with my own eyes that within my lifetime a horrible desecration of God and
God’s things has occurred, a desecration that was once simply unthinkable in
the United
States of America. But most
of all I weep because I see that those people who claim
to belong to God will do nothing to stop the desecration until the evil around
us creates evil impossible to bear.
One of the saddest lines ever written in any American government document was the
line ratified on July 4th, 1776 by the delegates to the Second Continental Congress. In the Declaration
of Independence, they said, “…accordingly all experience hath shewn,
that mankind are more disposed to suffer, while evils are sufferable, than to
right themselves by abolishing the forms to which they are accustomed.”
I look at that message
and I weep because of a prophesy God led me to issue about two years ago. I documented the prophesy in a film I made called The Buffalo Warning. The prophesy was that God had once issued a
moratorium wherein he had given the American people the opportunity to repent
from sin against Him. But if we did not
repent God would lift the moratorium and a time of punishment would come to the
USA. What made the prophesy a prophesy rather than
simple speculation was I defined a time frame and conditions that must be met
for God to understand that repentance had occurred. Obviously the Buffalo Warning was ignored
except by a small group of people.
At the time I knew God
was going to bring His vengeance but I had no insight into how God would wreak
His vengeance. When the Iraqi War began,
I realized the timing of that event coincided with the parameters I had been
led to define in the Buffalo Warning.
When SARS broke out within that same time frame, I knew the effects of
the moratoriums lifting had begun. But
at the time I did not see that the Iraqi War was also evidence that the end
of oil was nigh and that the earth itself was to run dry in the fulfillment of
God’s righteous judgment against this generation.
With the Lord God Creator of the Universe, even though the end might be
nigh, there is always hope for those who will turn from
their wicked ways and seek His forgiveness.
My prayer and the reason I sent this message to you is in hopes that you
will join me in demonstrating to a lost and dying planet what repentance looks
like up close and personal.
If we do this, we might find that God’s coming wrath is turned away.
********* Reserves and Resources
Looking at the bottom row in the table below, it appears that we have some
time before we reach the critical halfway
point for oil production. We've used up over 900 Gb globally, but we
still have 1500 Gb remaining. Unfortunately, according to the
world-renowned oil geologist Dr
Colin Campbell, these totals are deceptive. They're
deceptive because the major oil-exporting nations have major incentives for
exaggerating their estimates of reserves: the more reserves they can claim, the
more oil they can pump.
Furthermore, the recent story about Shell Oil Companies
shenanigans with their accounting proves that some oil companies might be
simply lying about a significant percentage of their proven reserves. News reports
said, “Shell shock" has
hit the British
Isles. The
almost 100-year-old British-Dutch oil
giant, Royal Dutch Shell, with 115,000 workers worldwide and an annual turnover of 35 billion euros, has
had to acknowledge, in a series of reports, that it has pulled the wool over
the eyes of its shareholders and creditors for years…About one-fourth of the
oil and gas reserves which have been reported in Shell's books, have existed
only in the fantasy of the members of the board.” This article appeared in the May 7, 2004
issue of Executive Intelligence Review, by Lothar Komp
|
Table
1. Leading Oil Countries' Production, Reserves and Resources in 1995
(In Billions of Barrels = Gb)
|
|
Country
|
Cumulative
Production
|
Reserves
|
Undiscovered
Resources
|
Reserves &
Resources
|
|
|
|
|
|
|
|
Saudi Arabia
|
71.5
|
261.2
|
41.0
|
302.2
|
|
Russia
|
92.6
|
100.0
|
68.0
|
168.0
|
|
Iraq
|
22.8
|
100.0
|
45.0
|
145.0
|
|
Iran
|
42.9
|
93.0
|
22.0
|
115.0
|
|
UA Emirates
|
15.1
|
98.2
|
7.0
|
105.2
|
|
Kuwait
|
27.6
|
97.5
|
3.0
|
100.5
|
|
Venezuela
|
47.3
|
83.3
|
17.0
|
100.3
|
|
United States
|
165.8
|
50.7
|
49.0
|
99.7
|
|
Mexico
|
20.5
|
50.4
|
37.0
|
87.4
|
|
China
|
18.8
|
24.0
|
48.0
|
72.0
|
|
Kazakhstan
|
3.2
|
17.3
|
26.0
|
43.3
|
|
Canada
|
16.1
|
5.1
|
33.0
|
38.1
|
|
Libya
|
19.0
|
22.8
|
8.0
|
30.8
|
|
Nigeria
|
15.5
|
17.9
|
9.0
|
26.9
|
|
Norway
|
6.3
|
11.3
|
13.0
|
24.3
|
|
Indonesia
|
15.2
|
5.8
|
10.0
|
15.8
|
|
United Kingdom
|
12.3
|
4.6
|
11.0
|
15.6
|
|
Algeria
|
9.1
|
9.2
|
2.0
|
11.2
|
|
Totals
|
621.6
|
1052.3
|
449.0
|
1501.3
|
|
Data source: Encyclopedia
Britannica, which adapted them from Oil & Gas Journal and US Geological Survey data. The data
for these 18 countries represent 94% of the world's oil reserves and 82% of
its undiscovered resources.
Note: Dr
Colin Campbell calculates that over 300
Gb of reserve claims are spurious (Saudi Arabia, Iraq, Iran, UA Emirates,
Kuwait, Venezuela). He also states that much of
the undiscovered resources are in fact "unconventional oil" (tar sands,
oil shales and other currently unrecoverable
resources) and will be much more expensive to extract than "conventional" reserves, and
therefore should not be considered as equivalent to reserves.
|
Campbell calls these overstated
reserves "paper reserves" or
"political reserves." He estimates that fully
30% of stated global oil reserves are in fact of the paper/political
variety. Furthermore, he claims that a large percentage of
"undiscovered resources" should not even be considered resources
because they are not economically recoverable now, and never will be.
After subtracting for "political
reserves" and "unrecoverable resources," Campbell comes up with
about 900 Gb remaining. But of course these 900 Gb are not the same as
the 900 Gb that we've already
burned. In geologist's terminology, a good part of them are much
"tighter and deeper," that is, they are much harder to find and much
harder to extract and refine.
Timeline
• 1857 -- Romania produces 2,000 barrels of
oil, marking the beginning of the modern oil industry.
• 1859, Aug. 25 -- Edwin L. Drake strikes oil
in Titusville, Pennsylvania
• 1862 -- First commercial oil production in Canada, also 1863 in Russia.
• 1862 -- Most widely used lamp fuel
(camphene) taxed in US at aprox. $1 a gallon; kerosene taxed at 10 cent per gallon. (Kovarik, 1997)
• 1863 -- John D. Rockefeller starts the Excelsior Refinery in Cleveland, Ohio.
• 1879 -- US Geological Survey formed in part because of fear of oil shortages.
• 1882 -- Institute of Mining Engineers
estimates 95 million barrels of oil remain. With 25 milliion barrels per year
output, "Some day the cheque will come back indorsed no funds, and we are
approaching that day very fast," Samuel Wrigley says. (Pratt, p. 124).
• 1901 -- Spindletop gusher in Texas
floods US oil market.
• 1906 -- Fears of an oil shortage are
confirmed by the U.S. Geological Survey
(USGS). Representatives of the Detroit, Board of Commerce attended hearings in Washington and told a Senate
hearing that car manufacturers worried Ònot so much [about] cost as ...
supply.Ó
• 1919, Scientific American notes that the
auto industry could no longer ignore the fact that only 20 years worth of U.S.
oil was left. “The burden falls upon the engine. It must adapt itself to less volatile fuel, and it
must be made to burn the fuel with less waste.... Automotive engineers must
turn their thoughts away from questions of speed and weight... and comfort and
endurance, to avert what ... will turn out to be a calamity, seriously disorganizing an indispensable system of
transportation.”
• 1920 -- David White, chief geologist of
USGS, estimates total oil remaining in the US at 6.7 billion barrels.
"In making this estimate, which included both proved reserves and
resources still remaining to be discovered, White conceded that it
might well be in error by as much as 25 percent." (Pratt, p. 125. Emphasis
added).
• 1925 -- US Commerce Dept. says that while
U.S. oil production doubled between 1914 and 1921, it did not kept pace with
fuel demand as the number of cars increased.
• 1928 -- US analyst Ludwell Denny in his book "We Fight for Oil" noted the
domestic oil shortage and says international diplomacy had failed to secure any reliable foreign sources of oil for
the United States. Fear of oil shortages would become the most important factor
in international relations, even so great as to force the U.S. into
war with Great Britain to secure access to oil in the Persian Gulf region,
Denny said.
• 1926 -- Federal Oil Conservation Board estimates 4.5 billion barrels remain.
• 1930 -- Some 25 million American cars are
on the road, up from 3 million in 1918.
• 1932 -- Federal Oil Conservation Board estimates 10 billion barrels of oil remain.
• 1944 -- Petroleum Administrator for War
estimates 20 billion barrelsof oil remain.
• 1950 -- American Petroleum Institute says
world oil reserves are at 100 billion barrels. (See Jean
Laherre, Forecast of oil and gas supply)
• 1956 --
M.King Hubbard predicts peak in US oil production by 1970.
• 1966 - 1977 -- 19 billion barrels added to US reserves, most of which was from fields discovered before
1966. (As M.A. Adelman notes: "These fields were no gift of nature. They
were a growth of knowledge, paid for by heavy investment.")
• 1973 -- Oil price spike; supply
restrictions due to Midde Eastern politics.
• 1978 -- Petroleos de Venezuela announces
estimated unconventional oil reserve figure for Orinoco heavy oil belt at
between three and four trillion barrels. (More recent public estimates are in
the one trillion range).
• 1979 -- Oil price spike; supply
restrictions due to Midde Eastern politics.
• 1980 -- Remaining proven oil reserves put
at 648 billion barrels
• 1993 -- Remaining proven oil reserves put
at 999 billion barrels
• 2000 -- Remaining proven oil reserves put
at 1016 billion barrels.
Timeline, © 2003 By Bill Kovarik
bill@environmentalhistory.org
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