Michael Ruppert & Jerome Corsi – The Peak Oil Debate
Youtube text:Michael Ruppert & Jerome Corsi – The Peak Oil Debate 2006
Host: George Noory — Coast To Coast AM
A Fast Blast poll (01/12/2006, after this show) found 62% siding with Corsi and 38% with Ruppert. Were do you side today in 2011?
Author Jerome Corsi and researcher Michael Rupper debated whether oil is a renewable source produced deep inside the Earth, or a finite resource, which will become scarcer within our lifetime.
Corsi’s position: Oil is not “fossil fuel” but rather an “abiotic” substance that is naturally replenished on a constant basis. The so-called scarcity is a tact taken by the oil companies in order to increase their profits. Various surveys going back to the early 1900’s have all claimed that we were going to run out of oil, but we now have a greater supply than we ever had. Oil companies should lose their tax incentives if they don’t increase their reserves.
Ruppert’s position: The world is behaving as if the Peak Oil theory were true, and our supplies will begin to dwindle from the amount they are now at. The notion of replenishing abiotic oil is not supported in scientific literature. Further, specific abiotic sites such as Dneiper-Donets basin and the Eugene Island Lot have turned out to be a bust or in decline in terms of supplying oil. People should adjust their lives as if Peak Oil is indeed true, and prepare and plan ahead for that eventuality.
Jerome Corsi wrote a book about this subject recently:The Great Oil Conspiracy: How the U.S. Government Hid the Nazi Discovery of Abiotic Oil from the American People.
A shocking investigation revealing why greedy oil companies are lying to the American people.
At the end of World War II, U.S. intelligence agents confiscated thousands of Nazi documents on what was known as the “Fischer-Tropsch Process”—a series of equations developed by German chemists unlocking the secrets of how oil is formed. When the Nazis took power, Germany had resolved to develop enough synthetic oil to wage war successfully, even without abundant national oil reserves. For decades, these confiscated German documents remained largely ignored in a United States where petro-geologists and petro-chemists were convinced that oil was a “fossil fuel” created by ancient decaying biological debris.
Clearly, big U.S. oil companies had no financial interest in explaining to the American people that oil was a natural product made on a continual basis deep within the earth. If there were only so many fossils in geological time, there could only be so much oil. Big oil could then charge more for a finite, rapidly disappearing resource than for a natural, renewable, and probably inexhaustible one.
The Great Oil Conspiracy explains how Stalin at the end of World War II demanded his petro-geologists “dig deeper” when petro-scientists in the United States had determined that the Soviet Union, like Germany, lacked national oil reserves. Russia today has challenged Saudi Arabia for the lead in oil production and exportation. Once oil is understood as an abundantly available resource, there is no reason hydro-carbon fuels cannot indefinitely propel the development and production of cheap energy reserves the United States needs to maintain its dominant position in the emerging global economy.