Re: World Running out of Oil or is Peak Oil used to raise prices?
I'm a pretty big proponent of abiotic oil, first, because we know there were never enough dinosaurs in existence to have "fossil" fuel be an explanation.
And, even if the abiotic oil is a BS theory, we also know they find massive reserves, cap them off, and 'forget' about them.
Total gouging, all the way.
We know for a fact that this goes on? We know that they find massive reserves, cap them off, and 'forget' about them? I know that when the U.S. finds oil in it's own territory it does this in case of war. It is hording its own oil in case of future wars. So that would make sense and it would be an unintentional form of gouging. I doubt other countries are capping their reserves off, since they desperately need money to strengthen their armies and what not.
http://montalk.net/metaphys/42/principl … ion-part-i