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FeedRank: 6/10  6/10  Very Good  ---  feeds.huffingtonpost.com
The Huffington Post blog. ...

 

 



Tuesday, August 12, 2008 --- 148 days ago
According to news reports yesterday members of OPEC alone glommed in $645 Billion (Euro 430 Billion) for the first six months of this year. Not only have oil consumers been gorged to the hilt, we have been reduced to being supplicants of the oil producers. Every day we are being fed the unceasing lesson from the same hymnal, that oil is running out "tomorrow", come and get it while you still can, not unlike 1855 when Samuel Kier's Rock Oil patent medicine made from Pennsylvania crude oil touted to cure everything from diarrhea, rheumatism, ringworm to deafness solemnly cautioning buyers "Hurry Before This Wonderful Product is Depleted from Natures Laboratory." This while The Peak Oil Pranksters are ever ready to carry the message for the oil patch both here and everywhere working near overtime to heighten our anxieties about oil supply, programming us to pay ever more to the oil barons and sheikhs. But wait, suppose, just suppose they are wrong and willfully misleading us. That oil's origins are not, to repeat not biological, according to the gospel we have been taught to believe. That in effect oil originates from deep carbon deposits dating to the very beginnings of the Earth's formation in quantities vastly greater than commonly thought. The very presence of methane in the solar system is cited as one of the key underpinnings of this theory's seriousness. Then by seepage through the earth's mantle, Abiotic oil becomes in essenc ...




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