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Page added on July 25, 2012

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Myths, Lies and Oil Wars

The myth of oil scarcity is one of the foundations that have allowed four giant oil 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 speech by a geologist at Shell and was revived in 2003 at the time of the US bombing of Iraq. The reality is quite different from the claims of Peak Oil. In reality, the world is running into oil and not running out of oil. Huge new oil and gas fields are being discovered from the eastern Mediterranean to the coast of Brazil, from East Africa to Iran and Iraq, from Norway to the Caribbean.

peak oil myths

Is oil scarcity a myth?

In F. William Engdahl newest book, “Myths, Lies and Oil Wars,” he discusses the little-known details of wars and manipulations designed over the past half century or more up to the 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 as a result, propaganda for their self-serving agendas.

F William Engdahl

Author F William Engdahl

Countering this attempt to control oil supply, the book details a revolutionary new scientific hypothesis that was developed in secrecy in the Soviet Union during the Cold War which proved scientifically that oil originates not from dinosaur detritus or fossilized algae as western geology mythology maintains. The Soviet scientific team proved that oil and gas have deep origins at the level of the Earth’s mantle some 200 km below. Like volcanoes, the 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.

The Interview

Listen to this segment of The Clean Energy View Radio Show, as host, June Stoyer is joined by special guest F. William Engdahl.


12 Comments on "Myths, Lies and Oil Wars"

  1. Arthur on Wed, 25th Jul 2012 12:21 pm 

    I like Engdahl as a historian and analyst of geopolitical and financial developments. I can easily forgive him the adherence to abiotic oil theory. I never understood either why oil is found in concentrated wells, where on contrast life (supposedly the origin of oil according to western wisdom) is present on the surface of the planet, rather evenly distributed. What I can’t follow is his irrational leap from abiotics to the rejection of the reality of peak (conventional) oil.

    “Huge new oil and gas fields are being discovered from the eastern Mediterranean to the coast of Brazil”

    Baloney. Name one recently discovered oil field that surpasses the size of typical 7-21 days of global oil consumption. The 10 largest oilfields were all discovered more than 40 year ago. When did Engdahl visit a gas station lately? In Holland it is again near the 2008 pre-crash all time high (1.86 euro/liter or so), despite the recession!

  2. BillT on Wed, 25th Jul 2012 1:43 pm 

    Guess his paycheck is now signed by Big Petro. Now we are supposed to believe ‘Soviet Scientists’ bullshit too? Perhaps he should consult the thousands of real oil geologists and engineers with decades in the industry to get the truth. He is obviously traveling with the wrong crowd. And, Arthur, I suggest you look at some good petroleum text books and see where oil came from and why the BS above is just that. The life that formed oil lived millions of years ago when the continents were not in their current formations and the oceans were considerably different. If the geologists have it wrong, why have they been able to accurately find oil deposits in the areas they have been trained to look for?

    And you are correct. The “Big finds” of today add a few days or weeks to the total world supply of oil, not decades worth as in the old days.

  3. BillT on Wed, 25th Jul 2012 1:53 pm 

    BTW: Engdahl is one day older than I and without his education, I think I see the real world better than he. He may have studied engineering, but then he became an ‘economist’ and threw it all away to support the Globalization Elite and to try to disprove global warming, peak oil, etc. He is just a delusional old man who thinks writing books makes him and expert on everything. That he lives in Germany explains some of it. They are still in the mindset that they are the chosen race.

  4. Arthur on Wed, 25th Jul 2012 3:38 pm 

    Bill, Engdahl is massively against globalization and american policies. He is an american btw, whatever that may mean in case of an hotel dressed up as a country:

    And I thought ‘chosen race’ was a reserved word for another tribe than the

    The fact the western scientists were succesfull in finding oil, does not necessarily prove the organic origin of oil. Currently Russia is oil producer #1, so their abiotic theories did not stand in their way either. So cannot accept arguments based on authority.

    I repeat my question: how on earth could for instance the massive oilfield Ghawar accumulate all this oil in a small confined place, if life is and was evenly distributed all over the planet for millions of years? Does not make sense to me. Not that the questions interests me very much. The consequences of depletion are far more interesting.

    “He is just a delusional old man”

    That’s a dangerous argument to make for people like you and me! 😉

  5. Grover Lembeck on Wed, 25th Jul 2012 5:21 pm 

    Life is distributed unevenly- the sahara desert has a radically different biomass than a tall grass prairie, fornexample. Also, the conditions that lead to that carbon turning into oil are not even distributed. To use another example, fossils aren’t found evenly all over the earth, but rather clustered in certain places, just like oil. Come to think of it, I can’t think of a single thing IS evenly distributed all over the earth…air, maybe?

    As for the article, what is this guy smoking? It makes him delusional and bad at math.

  6. Kenjamkov on Wed, 25th Jul 2012 6:38 pm 

    I can’t understand the reasoning here. There is no shortage of oil and peak oil is a myth, but the US invades Iraq for oil, they are drilling 10 000+ feet down in the ocean for it, and boiling the earth to get it out. If there was no shortage, then why work so hard to get the table scraps?

  7. Roberto on Wed, 25th Jul 2012 8:40 pm 

    Oil and natural gas is found throughout the world in basins that contain sediments, carbonates or clastic, sufficent to allow accumulation and conductivity (flow paths) to well bores. In these producing basins there are always source beds where the fossil fuel is believe to have been originated and generally speaking oil from these source beds migrates into structural or stratigraphic trapping mechanisms where it accumulates. These sediments, inside these traps, are the containers in which oil companies search. So basically you must have formations of sufficient quality to store oil and gas and then you must have an originating source bed in the basin to make the oil that gets trapped. All the oil fields in the world have geological reasons for existence.

    Of course there will be someday very soon a severe shortage of oil and peak production rates required to supply a hungry world is not a myth. It is very real. Wars have been fought over the future control of oil; the real battles over oil have not even begun yet.

  8. Arthur on Wed, 25th Jul 2012 8:45 pm 

    Dedicated to Bill so he can update his views on Engdahl (Swedish origin):

  9. BillT on Thu, 26th Jul 2012 1:04 am 

    Hahaha…yes Arthur, but who is signing his paycheck now? I know he is involved with, but that does not make him correct, or even for or against something. It gives him an anchor for his ideas. But when he veers off of his usual path what changed? Usually it is the money stream.

  10. R on Thu, 26th Jul 2012 2:08 am 

    Isn’t the question of whether oil is biotic or abiotic a red herring in comparison to the wider picture; most of the easy-to-reach oil has now been extracted, and if oilfields are refilling (abiotically) isn’t the process happening so slowly that it is irrelevant to peak oil issues?

  11. Arthur on Thu, 26th Jul 2012 6:26 am 

    Bill, I think Engdahl is a really independent writer who makes his probably modest living from sales of books via amazon, columns for sites like globalresearch and appearances on and even Anglo MSM. I do not think he is on someones paylist.

    R is right, once an oilwell is empty, it remains empty. The question whether oil is abiotic or not is irrelevant for peak oil.

  12. BillT on Thu, 26th Jul 2012 8:21 am 

    Arthur, in today’s world, especially
    America, you are guilty until proven innocent. Since he writes and publishes book, you assume that he makes a ‘modest living’. Having a novel in my agent’s hands, I have learned how authors are paid today, ($2-4 per book sold or $2-3 per e-book sold) especially established authors with websites like globalresearch to push them.

    He is NOT poor, but maybe he is greedy? I would be happy if just 1/10,000th of the English speaking population bought my book. At 1 billion plus population, that would gross about $300,000.00 before taxes for me. Hardly modest.

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