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The myth of oil scarcity has allowed four giant corporations along with a handful of Wall Street banks to control the world's largest and most essential commodity, oil. The myth originated in the 1950's from a geologist at Royal Dutch Shell. It was revived in 2003 in time for the US bombing of Iraq. The reality is quite different from claims of Peak Oil....
The myth of oil scarcity has allowed four giant corporations along with a handful of Wall Street banks to control the world's largest and most essential commodity, oil. The myth originated in the 1950's from a geologist at Royal Dutch Shell. It was revived in 2003 in time for the US bombing of Iraq. The reality is quite different from claims of Peak Oil. In reality the world is running into oil and not running out of oil. In Myths, Lies and Oil Wars F. William Engdahl discusses little-known details of wars and manipulations designed over the past half century or more-- wars in Africa, the ‘Arab Spring’, Iraq-- all to maintain a lock-grip control of the world's known oilfields. The myth of scarcity has been a pillar of their power and in fact of the power-projection of the United States as sole superpower. The book details revolutionary and shocking new scientific work developed in Cold War secrecy in the Soviet Union which proved that oil originates not from dinosaur detritus or fossilized algae as western geology mythology maintains. The Soviet scientists showed that oil and gas have deep origins at the level of the Earth's mantle some 200 km below. Like volcanoes, hydrocarbons are forced upwards until they typically are "trapped" in reservoir rock formations. The Russian work has been the target of a concerted campaign to discredit the theory. Little wonder. Were its implications understood widely, oil and gas would be considered as virtually a renewable energy and our energy crises and wars a thing of the past. As Henry Kissinger said, "If you control the oil you control entire nations." The converse is also true--If oil cannot be controlled the controlling powers lose their control over other nations and the wars that go with it. This is an entirely different account of the world's most important and most political commodity--oil.
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