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Hundreds of years of oil available: abiotic author vs. banker biotic debate on Canadian TV

"Abiotic" Smith and co-author Jerome Corsi's interview last week on "Coast to Coast AM with George Noory," sent "Black Gold Stranglehold" racing up the charts to land at No. 10 on Amazon's non-fiction best-seller list. --- No! Don't tell me that EXXON, Shell, Halliburton, and the Bush Administration are lying! How can that be??? Have they ever lied about anything? Sarcasm off. --- Of course Americans won't see this: you have to watch CNBC (Canadian TV), which is over the U.S.'s media iron curtain... Canada seems like another planet at this stage to me: there they can have TV debates on abiotic vs. biotic issues of oil. This is a news article about the debate. In the U.S., we have a one party state ideology where sloppy thinking and glazed eyed peakers are rapidly becoming the U.S. left's version of a fundamentalist desire of a Christian apocalypse. Word to the wise: the last thing I want would be this guy's solution, go get the oil. The point is instead showing that we have enough to slowly--without economic disruptions--to move us to a more sustainable energy grid and technological choices. So, the only blame for failing to do that now clearly and solely lies with corporate, intentional negligence.
Hundreds of years' of oil available
'Black Gold Stranglehold' author debates scarcity-theory advocate
Posted: November 2, 2005
1:00 a.m. Eastern

In a dynamic debate regarding the origins of oil, best-selling author of "Black Gold Stranglehold: The Myth of Scarcity and the Politics of Oil," Craig Smith, told CNBC's "Squawk Box" yesterday: "We can get all the oil we need for dozens, if not hundreds of years to come."

Debating peak oil vs. deep oil perspectives, Smith went head-to-head with Matthew Simmons, author of "Twilight in the Desert" on the cable news outlet's program. Smith, CEO of Swiss America Trading Company, contends that oil is not a fossil fuel. Rather, he believes it is being producing deep within the earth and is brought to attainable depths by centrifugal forces of the earth's rotation. In contrast, Simmons argues that oil is a finite resource and that Saudi Arabian oil supplies are dwindling, putting the world in a possible economic and political crisis.

Smith argued: "We currently have 1.28 trillion barrels of proven reserves, which are the highest in our history. And if, in fact, we are depleting the giant oil wells, how come the reserves are continuing to increase? ... I just don't buy the theory that we're running out of oil."

While Simmons agreed that the planet is not running out of oil, he insisted the industry is facing a peak production crisis. [Because they are failing to upgrade or repair their own refineries, and are even closing some down intentionally--despite willing offers for purchase--to jack up the price.] "The risk of running out of oil is miniscule," he said, "but the risk that we're peaking is a very real threat."

Rebutting Simmons, Smith asked, "Why would the oil companies be committing 55 billion dollars to harvesting the gulf if, in fact, there's not enough oil there? I mean, it just wouldn't make sense mathematically.

"Just because the Saudi oilfields may be depleting, it doesn't mean the world's supply of oil is diminishing, and I think we're starting to prove that over and over again, whether it be in the Niger Delta or whether it be in the Trinidad Basin or the Taiwan Basin. I think that America needs to lead the charge in embracing the technology in getting out there and finding these proven reserves that are out there ... bringing them to market and bringing this price into a reasonable area where we can continue to see the synchronization of global growth that we have experienced for the last 20 years."

"Black Gold Stranglehold" advances the argument that technology and education are needed to increase production and exploration efforts.

"The problem is," according to Smith, "if you believe that we are getting oil from decaying dinosaurs and debris from the forests then obviously there's only a finite supply. We don't embrace that. We believe that the earth is creating oil as we speak and that with technological advances and the ability to put human resources together with natural resources, and the wonderful capital markets we have here in America, we can get all the oil we need for dozens, if not hundreds of years to come."

After the appearance on CNBC, Smith issued a challenge for subsequent debates with Simmons, CEO of Simmons & Company International.

Smith and co-author Jerome Corsi's interview last week on "Coast to Coast AM with George Noory," sent "Black Gold Stranglehold" racing up the charts to land at the No. 10 position on Amazon's non-fiction best-seller list.

With enormous oil conglomerate profits making headlines, "Black Gold Stranglehold" has opened the dialogue regarding the United States and its need for independence from foreign oil producers.


hmmmmm... 05.Nov.2005 18:43

jaded cynical idealist

I believe Peak Oil is a scam just as much as Avian Flu, the War On Terror, The War on Drugs, Etc. There is alot out there about Abiotic Oil and think it deserves to be talked about more in the west than it has been previously. But, c'mon...Jerome Corsi? this guys is an obvious neocon shill. This is the same guy that is saying Iran has an nuclear arms program, and was the co-author of that swift boat shite. I wish I wasn't so depressed about the state of the world or I would leave some links to back up the argument. I also want to say that I have not read the book, so I'm not sure about what information may or may not be there. Just google "Jerome Corsi" it's all there.


P.S. 05.Nov.2005 18:49

jaded cynical idealist

Oh yeah, I also agree with what you said too, just to be clear, I'm not taking issue with you...just Corsi.

I wonder if they have updated their talking points memos 05.Nov.2005 23:55

and now will harp abiotic

..as the novel justification for everything under the sun, just as they endlessly adapted to any words or phrases in the attack on Iraq, without any of them ever being perhaps the real rationale.

"But, c'mon...Jerome Corsi? this guys is an obvious neocon shill."

I know. I'm glad you caught that. I caught that as well, and still wonder at it. When I was putting this together, I thought WTF is that "Atomic Iran" shill guy doing talking about this? What does he care about this, didn't he get the neocon talking points memo or something.... OR did they get a different talking point memo now, and the "Ruppert shill" strategy is dead in the water?

Perhaps there's a non-oil group that doesn't really have the personal interest that the oil raw material regime would have in justifying higher prices. Begs to be seen.

Stay tuned, oil haters (of which I am one). This could get interesting.

Peak Oil in my Lincoln Navigator? 07.Nov.2005 03:12

I checked it this morning

Ruppert is wrong then? He quotes top geologists who swear we have 50 years left. Hope the Illuminati kills us all off soon or we will lose those great tailgate parties. American culture will be toast. Monster truck rally's made America defeat Soviet imperialism don't cha know!
Where's Waldo?
Where's Waldo?
Peak Idiot
Peak Idiot

... 07.Nov.2005 04:25


If geological processes are filling deposits up faster than they're being drained, why drill new oil wells at all?

If geological processes are filling deposits up slower than they're being drained, then they won't prevent a peak.

biotic oil is renewable, just slowly 07.Nov.2005 15:38

luna moth

The abiotic oil theory is based on certain oil wells refilling after being previously thought of as depleted. This in itself doesn't explain how abiotic oil could be forming independent of the biotic process of deposition, sedimentation and compaction of organic matter. No abiotic oil theory-ists have ever come up with a plausible scientific explanation of how oil forms without organic matter present. Since oil and coal are similar as in formation as compressed hydrocarbons, why does abiotic oil theory ignore coal as proof of biotic formation? However, oil is forming right now as we speak deep beneath many rio deltas around the world from deposition and compression of plankton organisms..

Some myths that biotic oil is only from grand ol' dinosaurs like Tyrannosaurus rex and Brontosaurus doesn't explain the process entirely. The warmer climate during oil and coal formation contained many more swamps and other wetland carbon (organic matter) sinks that resulted in organic matter compressed by countless layers of deposited sediment, a process that takes thousands of years to from what we call crude oil deposits. Even more variable is the outcome of compressed organic matter (plants, plankton, animals, etc...) doesn't always form neat pockets of oil like those found under Saudi Arabia, Iraq, Venezuala, etc.. Certain geologic conditions are needed for the oil to collect neatly in pools instead of being absorbed into mineral layers and unusable by humans..

Some environmentalists may not want to hear this either, but in the interest of throwing off the petrochemical oligarchy and their abiotic theory allies, oil can be considered renewable over long periods of time (over 1,000 years). The same biotic process that formed oil thousands of years ago continues today in the rio deltas and other wetlands. Sometimes being redundant is neccesary to understand other factors influencing rio delta formation. An example is the Rio Colorado and the rio delta between mainland Mexico and Baja California. This ecosystem is being deprived of sediments and fresh agua by the dams and diversions for agribusiness on the yanqui side of the border. The loose sediments transported by the rios contain a diversity of aqueous (dissolved) minerals (Fe, Mg, etc.) needed by the plankton for their nutritional uptake. Without these sediments and minerals transported by el rio the plankton numbers decrease, including their entire food chain web of predators like dolphin, birds, etc..

"Before dams, river discharges reached 7000m3/s and transported sediment at a rate that has resulted in deposits 5km thick in some areas. During the Quaternary alone, a cone of sediments covering more than 7700 km2 formed at the mouth of the river. These same flow rates interacted with tidal ranges of up the 10 m in the Gulf of California to create tidal bores that more than once sank large ships operating in the northern reaches of Gulf. Yet, today much less water and little new sediment reaches the Delta. The tidal bores are largely gone and sediments deposited before the regulation of the Colorado are now reworked primarily by the monumental tides. Still, the area exhibits some of the most dynamic hydrologic processes in North America."


By the time the organic matter of today is compressed into the crude oil of tomorrow, we'll probably have a more reliable system of public transit, bicycle paths/lanes, etc. and people won't be so wasteful as to drive SUVs and other gas guzzling vehicles. The peak oil theory is saying that the rate of crude oil consumption by industrial society is so much faster (?100X, 1,000X??) than the rate of crude oil formation by the biotic process of organic matter deposition, sedimentation and compaction that people will exhaust the known crude oil reserves within fifty years. The concept of renewable within 1,000 years isn't recognizable in a capitalist economy, so it is removed from the discussion of peak oil. Either way it is a reason to reduce crude oil consumption today..

Here's an excerpt from a long article about the Louisiana coastline (Mississippi delta) and the problems of oil extraction on the edges of the continental shelf, includes recommendations for post-Katrina wetlands restoration..

"New technologies have made it much easier to find deep-water oil prospects, and throughout the 1990's even seasoned industry experts were stunned by the amount of untapped resources discovered just off the continental shelf. Yet the ability to identify and successfully remove this vast supply of energy ultimately means little without a reliable means of getting it to shore. And indeed, there is mounting concern about the health of the pipelines now being used to bring the oil to Louisiana's coast for processing and distribution. This concern is due only in small measure to the age of the pipelines. Instead, it stems from the rapidly deteriorating barrier islands and other hazardous terrain they must traverse. This degradation of the landscape not only increases exposure of pipelines to the periodic ravages of storms and hurricanes, but to the constant erosive force of waves that now travel unimpeded across vast stretches of open water that were once sheltered. This endangered infrastructure comes at a bad time for a nation increasingly reliant on the oil deposits just off Louisiana's coast, for while the state's share of total U.S. production was 15% in 1990, it has increased sharply across the last decade, currently standing at 23% of the nation's production."


The problem with oversimplifying peak oil is that there still exists a great deal of oil reserves, though not as easily accessible as the Middle East deposits nicely collected in deep pools from continental rifting and tectonic plate compression. So the deeper the oil, the more expensive to extract. The postponing of drilling ANWR is for this reason, it will use almost an equal amount of energy to extract and transport this oil as the outcome of the extracted ANWR oil. Energy input/output breaks even, though some financial gains may occur if the petroleum cartel (Bush, Cheney, Rockefeller, etc.) can convince taxpayers to support their costly endeavors in drilling ANWR for a few more years. Maybe a radical ecoterrorist hoax will be needed to fool the people of North America into financing Bush's continued petroleum monopoly with our taxpayer dollars..

Another question is since Bush, Cheney, et. al weren't responsible for participating in the biotic formation of oil via organic matter deposition, sedimentation and compaction, why do they profit above anybody else? Seems like the source of economic inequality is the capitalist system itself. We can also think of crude oil as belonging to everyone, and collectively we can use it for important fuel needs (ambulance, public transit, etc.) instead of short term profit from fuel waste (SUV suburbia sprawl). The profits from any crude oil sales should benefit the people of that region (who endure the smog from refineries) as is the case in Venezuala. Also the process of crude oil refining can be cleaned up if the people demand it. The pollution is mostly from petroleum corporations once again focusing on short term profit and refusing to implement cleaner (albeit more expensive) technology. Maybe CEOs of ExxonMobil, ChevronTexaco, British Petroleum/Shell can take a pay cut so people in Louisiana, Texas, LA, etc. can all breathe air without smog..

In certain cases a river delta would be best off just left alone. The Ogoni people call the Niger river delta their home for thousands of years. The rich bounty of sediments provides for a diversity of edible plants (wild rice), fish, shrimp, molluscs, etc. However the drilling and wasteful gas flaring practiced by Shell and later Texaco caused their food web to become contaminated. Ogoni activists like Ken Saro-Wiwa brought their concerns to the Nigerian government and were executed for their troubles..

"London--10 November 1995--The blood of Ken Saro-Wiwa will permanently stain the name of Shell, Greenpeace said today in response to the news that Ken Saro-Wiwa and eight other Ogoni were, according to widespread rumours, hanged this morning in Port Harcourt, Nigeria.

"Ken Saro-Wiwa was hanged today for speaking out against the environmental damage to the Niger Delta caused by Shell Oil through its 37 years of drilling in the region. Ken Saro Wiwa was campaigning for what Greenpeace considers the most basic of human rights: the right for clean air, land and water. His only crime was his success in bringing his cause to international attention," said Thilo Bode, Executive Director of Greenpeace International."


This is the ten year anniversary of Ken's (and eight other Ogoni activists) death at the hands of Shell's puppet dictators in the Nigerian government. We will NOT FORGET!!

Shell leaves the Niger delta and Chevron enters;


price at the pump 17.Feb.2008 13:56


Does anyone remember what the aggregate price of a gallon ofgas was at the pump in the US on 3/17/03? $1.30 3/17/03 is the day the Iraq Security Operation began. Doesnt this speak volumes? The objective of the current administration has been to create artificial scarcity by force. And it works. The illuminati has the power to do this unopposed anywhere in the world. They've been securing oil fields to take oil out of production. Venezuela's recent threat to halt exports to the US is part of this plan. It has nothing to do with Chavez's dislike of the US. This is just another contrivance. It's nonsesnse.