Showing posts with label Oil. Show all posts
Showing posts with label Oil. Show all posts

Tuesday, July 10, 2012

AMTV News: LIBOR Scandal, Big Drug Banks, Iran Black Market Oil

Topher Morrison

 
This is AMTV News, I’m your host Topher Morrison.  Today is Tuesday July 10th 2012.

Drug Cartels Launder with B of A, Again

After being caught laundering $3 billion in 2006 from one branch, Bank of America officially rejoins an infamous list of big banks including Wells Fargo, Wachovia, and of course the British Crown’s original repository of opium proceeds – HSBC.  These are just a few among countless others in the Laundromat of the War on Drugs.  FBI affidavit submitted to a Texas federal court linked the Las Zetas Mexican drug cartel, a local racehorse business and several B of A accounts.  Should any unscrupulous banking practices be exposed expect B of A to receive a slap on the wrist.  In 2010 Wachovia settled a nearly $400 billion laundering binge to the tune of merely $160 million.

Bank Runners Vote With Their Wallets

It’s been said Barclay’s LIBOR scandal was like finding your house was built on quicksand, rampant rate manipulation by the world’s leading financial institutions and yet again nobody sees a jail cell.  Well, its time to stop having Tea Parties and occupying Wall Street and vote with your wallet!  There has been an explosion of requests to move money from the ‘big five’ banks to smaller more responsive and hopefully more ethical alternatives like co-ops, building societies and credit unions. 

The Rate Heard Round the World

The outbreak of negative interest rates in Europe is a telltale sign the second shoe has dropped in the ongoing global financial saga, central banks don’t want you saving they want you risking your money in the markets.  The negative rates is ultimately an effort to depreciate sovereign currency, driving global money parkers elsewhere and hopefully spurring exports and growth.  Problem is this hurts the local banks reliant on interest from loans and savings accounts to stay afloat.  This also runs the risk of competing with the biggest depreciator of them all – the Federal Reserve.

Iran’s Black Market Oil
RT 

In the face of EU sanctions Iran is still selling its oil to Europe through a private Iranian consortium.  Selling up to 20% of its average volumes to privately-owned European refineries it is likely the union of exporters, under an agreement with Iran’s central bank and oil ministry, will offer minor privileges and discounts to buyers in light of international restrictions.  Japan and China are also eager to bypass sanctions approving insurance and offering tankers to secure their energy. Don’t expect the transactions to be in US dollars though, which reminds me how did that work out for Hussein and Ghaddafi again?

Yes, Obamacare IS the Biggest Tax Increase in History

From Kevin Drum at Mother Jones, to Ezra Klein at the Washington Post, to Bloomberg’s Elizabeth Dwoskin, to the New Republic’s Jonathan Cohn and all the links back to Drum and Klein herd journalism of the left claims Obamacare isn’t the largest tax hike in US history, problem is – it’s the biggest tax increase in the history of the world.  According to page 36 of Drum’s cited CBO analysis it’s $525 billion worth of new taxes.
 
Catch our in depth commentary and analysis of stories like these at GreeneWave.com part of the AMTV network.

Thursday, January 26, 2012

22 Ways The MIC is an Entitlement Program

Topher Morrison
PurpleSerf.com

BEFORE YOU READ: Realize how big this building is.
The Military Industrial Complex in the News

Last Friday the Associated Press released this video about East Orange, New Jersey.  Previously crime-ridden, suffering from gang violence and urban blight, East Orange recently became proving grounds for high tech pre-crime technology, courtesy of the federal government. 

From nearly a mile away and controlled remotely from the comfort of either a surveillance station or a squad car a bright red beam of light fixed above a video camera can instantly bathe anyone suspected of possible criminal activity.  Aaron Dykes of InfoWars.com breaks it down.  While this is an astonishing development it is unfortunately a typical domestic attendant of our national security posture. 

Last September while covering a debate between libertarians and neo-conservatives I highlighted one of the most glaring inconsistencies within conservative dogma.  While on one hand, with regard to social welfare, conservatives spit incendiary rhetoric at nearly every encroachment by the federal government; on the other, in foreign policy they applaud almost identical invasions (pun intended). 

Why is there is no cry from so called conservatives for restraint when our National Security Budget for fiscal year 2012 is estimated at $1.2 trillion, $185 billion of which is in interest payments alone?  It is because Eisenhower’s infamous Military Industrial Complex (MIC) is not dissimilar to its sprawling domestic cousins – a burdensome and ineffectual entitlement program with teeth.  The MIC provides an entitlement in four ways, from September’s article:

“…First to those presidents [and politicians] whom wield its power for political gain either through victory or diversion, second to those military and intelligence commanders [and bureaucrats] whom direct massive swaths of tax payer dollars to influence world affairs, third to a high tech industry addicted to generous government injections and [fourth] to foreign entities whom ‘invite’ our intervention and therefore defense subsidization in order to accomplish what they cannot [or will not] on their own.”

By no means is this list exhaustive.  As John Stossel recently points out on his Fox News program the noble foreign policy goals, which our Dear Leaders burden themselves with know no bounds.

            The American public wants a lot from their military and considering they pay $1.2 trillion per annum, a lot is to be expected.  But as we have seen in the case of East Orange, local law enforcement has become militarized and it isn’t the first time pre-crime technology has been in the news.  Pre-crime software has been used in Baltimore, Philadelphia and Washington D.C. to route future criminals for months!

Militarization of Law Enforcement

Much of these developments fall under what I term industrial blowback, the unintended allocation and consequences of our military’s equipment and or expertise.  For example, a local New York CBS News affiliate just days ago reported the NYPD experimenting with drones over the city.  It might seem reasonable at first; New York City after all is one of the world’s largest metropolitan areas.  The problem is, drones are being used in rural areas as well and not just to protect the border. 

Last December a North Dakota family was arrested with the help of a Predator drone for ‘stealing six cows’, which evidently kept wandering onto their land; pretty expensive toy for such a remote area.  These aren’t isolated incidences, there are scores of other examples of our military’s tools being used at home namely a field-tested surveillance blimp previously designed to help troops in Iraq conduct door-to-door raids.  If you’re a resident Ogden, Utah you might have already seen this little beauty flying over your Sunday BBQ.

The fifth entitlement recipient is obviously local law enforcement and like any welfare queen it is quickly becoming addicted to government largesse.  Faced with addiction the best thing to do now is: Step One, Admit There’s a Problem.  Unfortunately, as is most often the case, intervention is all that is left.  In many ways this explains the rise in the protest movement and protest candidates like Ron Paul.  However, while the protester may have been Time Magazine’s Person of the Year and Ron Paul is more popular than ever our national security infrastructure is still metastasizing, as there has been no real anti-war (or its anti-police state ancillary) movement since the election of Barack Obama exposed it as largely anti-Bush.

Where have they gone and why?  Obama has yet to come through on closing Guantanamo Bay, we are still mired in Afghanistan after 10 years, still involved in regime change and the Transportation Security Administration is still busy reaching in our pants and they have left the airports too.  Toting their backscatter x-rays among other things onto American highways, beta testing their V.I.P.E.R. teams, testing their F.A.S.T. technology at large public events and still flouting the Constitution, just ask Senator Rand Paul (R-KY).  On Monday TSA agents detained him on his way to the Senate in brazen violation of not only the 4th Amendment, but also his privilege as a Senator from arrest before a vote in Congress.

    Sen. Paul may be awake and speaking out against the growth in our police state, but it has been evident watching the endless GOP debates that mainline conservatives weren’t influenced by the Washington Post’s two-year investigation exposing Top Secret America.  This amazing series details how politicized and privatized our national security infrastructure has become. 

Since 9/11, 854, 000 people now hold top-secret security clearances, 33 building complexes have been built for top-secret work, the equivalent of almost 3 Pentagons or 22 U.S. Capitol buildings – nearly 17 million square feet!  The most shocking statistic testifies to an inherent conflict of interest.  Apparently over 265,000 private contractors retain top-secret clearances; our government has effectively incentivized creating enemies!  But do they actually create real life straw men?  There is evidence.  Judge Andrew Napolitano on Fox News exposed the FBI for as much in this video, a must see.           

            Still not convinced ex administrators like Homeland Security’s Michael Chertoff are raking in millions after building up their own entitlement nest egg and slipping into the private sector to reap the rewards?  Below, I expand on John Stossel’s list and show how foreign policy hawks turn into central planners right before your eyes.  According to Stossel: “People Want The Military To…”

·      6) Keep Oil Cheep – As I have argued before oil may in fact be abiotic, in other words it is not a fossil fuel and in fact renewable.  This would clearly undermine the Peak Oil theory, but that’s an argument for another day.  However, as OilPrice.com recently covered, America has the largest oil and gas reserves on the planet!  Instead of fighting in the Middle East “conservatives”, libertarians and independents should fight job-killing pseudo-environmentalists here at home.  While cheap oil is what Americans want invading armies merely create more instability and therefore higher prices.  The entitlement – not only the high gas prices and record profits for oil companies, but establishing a false scarcity providing the environment for green energy subsidies to flourish whether they are justified or not.  Peak Oil theory sure makes for strange bedfellows…

·      7) Contain China – The Defense Department really hasn’t done a good job of this at all.  Take Afghanistan for example.  Evidently it not only harbors terrorists, but nearly $1 trillion in precious metals too.  Unfortunately we lost the opportunity to develop Afghanistan’s biggest copper deposit to, you guessed it, China.  I guess our troops are meant to scurry around the country trying to win hearts, not mines.  Next door, the Pakistani government asked China to build the Gwadar deep-sea port, potentially giving China broader access to the Arabian Sea and the Indian Ocean.  If that wasn’t all, Africa is opening up to the China too.  The Seychelles is the newest country to court China for a military base and this time it’s right in the backyard of a not-so-secret U.S. drone headquarters.  Want more examples?  I’m sure you can find them on your own, HINT: Brazilian oil.  The entitlement is obvious – foreign defense subsidies.  Evidently it’s a buyers market with two super powers quietly competing.

·      8) Chase Terrorists – We’ve done that for over 10 years, but evidently we’re now in the business of helping them – wait what?  CLUE: Who were Libya’s rebels?  We also kill U.S. citizens whom are accused of aiding terrorists, as was the case in Yemen when Anwar Al-Awlaki and his teenage son were eliminated by a CIA drone.  If that was a touchy subject the NDAA bill made it ok to arrest U.S. citizens without trial.  Appalled?  Don’t worry the new Expatriation Act will revoke U.S. citizenship if you’re deemed a menace.  What!?  I thought I read somewhere all men were created equal and with certain unalienable rights?  Maybe terrorists aren’t human then, that must be it.  The entitlement – perpetuating fear, a war that by definition can never end and expanding Executive power.

·      9) Train Foreign Militaries to Chase Terrorists – Danger Room, Wired.com’s national security blog, just reported we have new clandestine commando team operating near Iran, known as Joint Special Operations Task Force-Gulf Cooperation Council, JSOTF-GCC for short.  They are responsible for training all of our allies in the Middle East and even Blackwater’s newest guise is still winning big contracts. To understand a little more about our peace president’s Secret Wars here is the Daily Beast.  The entitlement – more foreign defense subsidy, reliance on the private/public intelligence apparatus, private contractors, and equipment manufacturers.

·      10) Protect Sea Lanes – Evidently we do more than that.  Our Coast Guard has been responsible for not only our shores, but Iranian shores as well.  They recently rescued 6 Iranians 50 miles southeast of the Iraqi port city of Umm Qaser.  I thought they were called the U.S. Coast Guard not the U.N. Coast Guard.  The entitlement – Iranians can spend a little more on domestic concerns rather than their own coast guarding capabilities with the U.S. on the ready.

·      11) Stop Genocide – This is the most compelling argument for intervention, I know it tugs at my heart, but as was the case in East Timor and Darfur unless you have resources crucial to American interests you’re most likely SOL.  The entitlement – public relations i.e. “The Global Force for Good.”

·      12) Protect European, East Asian, and Middle East States from Aggression – Don’t they have their own militaries?  Also when it comes to rich countries like Australia, Japan, Germany and South Korea why can’t they begin to take care of themselves?  The entitlement – a generous tax break for their economies at the expense of the U.S.

·      13) Humanitarian Missions – As I mention above the latest “humanitarian mission” in Libya put into place a dubious regime.  The entitlement – you don’t have to have legitimate broad appeal to start a revolution just the right connections.

·      14) Respond to Natural Disasters – We responded to the 2004 Indian Ocean tsunami and to the 2010 Haitian earthquake, which killed thousands and while these efforts are praiseworthy where is the mandate?  It isn’t found in the Constitution and the American people are rarely asked to vote on it.  Our charity is undeniable in this country; there are many ways of aiding needy foreign nations without involving our military.  In the end its our money and our governments should be planning and saving for a rainy day of our own.  The entitlement – disaster relief, in other words, national disaster insurance package courtesy of the U.S. taxpayer.

·      15) Secure the Internet – The ultra secret National Security Agency is completing construction of 1.5 million square foot NSA West officially known as the Cybersecurity Data Center in Utah.  Regarded by Sen. Orin Hatch as the largest defense construction effort in recent memory.  The entitlementbrand new battlefields and weapons a la stuxnet!

·      16) Police the Mexican Border – American’s may want the military to do this, but this is one of the legitimate activities the military is not engaged in.

·      17) Transform Failed States into Democracies – Democratizing states are notorious for being violent.  In the end effective democracy is more than two wolves and a sheep voting on what’s for dinner.  We’ve been in Iraq and Afghanistan for years and we haven’t come close to achieving the results American’s would consider acceptable.  The aforementioned nations are not healthy, peaceful or friendly.  The entitlement – public relations, “making the world safe for democracy.”

A few Stossel didn’t mention in closing:

·      18) Opening Markets – We opened the biggest market on Earth not with a missile, but with a ping-pong ball.  Richard Nixon’s open door policy was one of his forgotten triumphs.  When we have used military force things generally get a little dicey: 1854 Mathew C. Perry forces Japan to trade with the U.S.  Touched by power politics by 1904 Japan turns imperialistic and expands its holdings into Russia, China, culminating in the attack on Pearl Harbor.  The 1953 CIA backed Iranian coup d’ etat results in the Iranian Islamic Revolution.  The 2003 Iraq invasion results in an Iranian Super-state.  The entitlement – more problems to fix.

·      19) Policy Leverage – A recent article on Essential Intelligence covered the “crisis” brewing in the Strait of Hormuz, where most of the world’s oil now passes.  The dot connectors suspect that this may be in part a ploy to highlight the vulnerability of the strait and therefore muster support for an Arabian Oil Pipeline.  The entitlement – further subsidization of international corporations’ adventurism abroad ignoring the emancipating prospect of energy independence at home.

·      20) Support NGO Activity – The rise of non-governmental organizations has been met with both hope and skepticism.  Alleviating the burden of nation building, relief, intelligence gathering, etc. from governments saves money, but when these NGOs become guises for politians and their special interests they become a menace.  John McCain’s International Republican Institute had its hands all over Libya.  The entitlement – first dibs on contracts, information and influence in nation building.   

·      21) Direct Foreign Aid – Is the easiest and most obvious form of foreign welfare, most Americans are against it unless a small socialist ethnocracy is the recipient.

·      22) Drug War – Since the Vietnam era nearly every theatre of war has seen an increase in drug activity.  It unfortunately is a way of providing funding for covert operations, it provides future leverage against “fri-enemies” and is very often a backdoor through which to pass and garner information.  The entitlements are endless – off the books funding, information gathering, immunity, but most importantly it sustains deep state politics a world beyond the purview of our representatives in Congress.

Wednesday, March 16, 2011

MOTHER OIL: A Renewable and Sustainable Resource

Because of the recent turmoil in the Middle East the price of oil is back on the front page for the first time since 2008 and in many ways it is threatening the global recovery, but why?  At the turn of the millennium we were drowning in oil and in almost Copernican fashion also entertaining the idea of adopting a new paradigm when it came to the origins of oil – in 2011 we still are and still should.



For purposes of this discussion we must suspend any objections we may harbor to the exploration for and use of oil especially when it comes to the issue of “global warming.”  When arguing whether or not oil is a renewable and sustainable resource we must free ourselves from this exhausting debate, at least for the moment. 

The Little Known Debate – Is oil abiogenic or biogenic?

We have all been taught in grade school science classes that most of our energy we use in our cars, at home, and at work come from burning what are known as fossil fuels, in other words, oil is biogenically created from the buried remains of living things.  Mikhail V. Lomonosov, the first professor of chemistry at St. Petersburg’s Acadamy of Science, is credited with being the first to come to this conclusion in 1757.  Lomonosov’s hypothesis has since become dogma in the West and is about as well established as the Earth is round and at many times as vigorously defended, however, much research posits a contrary view. 

The origin of oil according to Lomonosov’s theory or what is known as the biogenic theory rests on the premise that living matter (carbon based life forms) are over time covered by sediment similar to how a boulder is covered with sand in a river or how an animal is caught and covered in a mudslide.  This sediment and its carbon-based captive subsequently undergo intense and lengthy geological processes in order to eventually produce petroleum, hence “fossil fuel.”

Fossil fuel ultimately implies one thing – finite resource.  Sure, if we all want to wait around another 300 million years or so enough organisms will die and we’ll be able to shore up some more, but for our current purposes and in economic terms, it’s a scarce item, or so says conventional wisdom.

A preliminary search of recent news concerning this abiogenic or abiotic theory of oil yielded only a brief mention in Dag Blog buried within a review of an alarming interview with Richard Heinberg of the Post Carbon Institute.  In an archetypical breakdown of Peak Oil (a theory promulgated by M. King Herbert of Shell Oil) in it’s most eloquent and current permutation Heinberg succeeded in frightening his audience (me) with a formidable display of statistics, command, and conviction.  It was fascinating how such a seemingly innocuous man, in a 20-minute video, could crush all hope for future world growth, as I knew it.



My depression, however, was short lived once I realized Heinberg and Dag Blog omit the biogentic theory’s laudable opponents, whom if correct, undermine the premise of Heinberg’s entire argument; which is to say, we are running out of oil!  Furthermore, the peak oil theory rests upon the additional assertion we are doing effectively everything we can to find more oil when the fact is 77 percent of the world’s known oil reserves are in the hands of state-owned oil companies, not exactly the flagships of innovation or efficiency.  Additionally, the price of oil effects investment in exploration and as we saw in 2008, dollar devaluation, geopolitical turmoil, and market speculation can obfuscate the signals of supply and demand exacerbating an the already ineffectual model.

The opponents of the biogenic theory and its subsequent offspring are as follows: Dmitri Mendeleev, creator of the periodic table; Nikolai Kudrayavstev, credited with first articulating the Russian-Ukranian theory of deep, abiotic petroleum origins; Sir Robert Robinson, an organic chemist, Nobel laureate, and Presidential Medal of Freedom recipient; G.E. Boiko, VP of the Ukrainian Oil and Gas Company; A.S. Eigenson; Vladimir Porfiriev, Senior Petroleum Exploration Geologist for the USSR; Marcellin Berthelot, arguably one of the greatest chemists of all time; and among many others one Thomas Gold, “one of America’s iconoclastic scientists”, with over 60 years of study, over 280 published works from Astronomy to Zoology, and more accolades and prestigious appointments than I have time to cover here.   

The only opponent of Peak Oil and the established fossil fuel theory which Dag Blog actually mentions by name is its most public, unqualified, and controversial figure, Jerome Corsi, columnist for World Net Daily and author of both Unfit for Command, the swiftboating attack on John Kerry and The Obama Nation, a wide-ranging attack on President Obama.  Dag Blog blatantly used this unabashed partisan to set up an obvious straw man, dubbing him the “chief proponent”, while implicitly dismissing some of the most brilliant minds of the past two centuries.  These men and their arguments, however, can be found in Corsi’s book, Black Gold Stranglehold: The Myth of Scarcity and The Politics of Oil.

Considering the opponents (hardly just a doctor of political science/author leading a rag tag group of pseudo-intellectuals) and after pondering some of the opposing arguments Heinberg in hindsight almost looks as if he’s coming out of left field.  Moreover, Heinberg looks as though he has climbed in bed with two groups of scientists from big oil and big environment, both of whom have dedicated their lives to an ideology that seems to have very little to offer when it comes to overcoming some very tough contradictions or when it comes to effectively searching for oil.

Extraterrestrial Evidence for Abiotic Oil

Down to brass tax.  The late Thomas Gold provides two shocking insights among others; one, “petroleum and its component hydrocarbons are present throughout the universe…in meteorites…in interplanetary dust…and you can detect them quite abundantly on one of the moons of Saturn.  About all this there is no scientific argument.”  




In 2008 the Cassini probe found "hundreds of times more liquid hydrocarbons than all the known oil and natural gas reserves on Earth."  However, Wired Magazine made sure to admonish their audience immediately before their report on this fact:

Before we get too excited here, let’s remember. There’s still an energy problem. Global warming, too. Nobody’s going to be importing oil substitutes from Titan anytime soon.” 

While Wired correctly referred to Titan’s abundance of hydrocarbons and not to its abundance of fossil fuels, they did not, however, explain the importance in distinguishing the two or that here on Earth we incorrectly use them interchangeably! 

The corroborating evidence found on Titan supports what many astrophysicists and astronomers already knew and poses somewhat of in interesting if not underreported contradiction to that school of thought which would have us believe oil and natural gas are finite resources derived only from ancient life here on Earth.

Mother Oil

Whichever theory one may subscribe to (abiotic or biogenic) oil is nonetheless as natural as water, which will make what I am about to tell you easier to swallow.  That “primordial soup” they were always talking about in grade school may in fact have been oil – what irony!  If the Exxon Valdez and the recent Deepwater Horizon oil spill taught us anything it was that life above ground does not do well covered in oil.  Underground, at ultra low ocean depths, and in the genesis of life, however, it is a different story entirely.  Thomas Gold’s summarized hypothesis from the Washington Post:

“Oil and gas were born out of the Big Bang [although Gold posits an alternative called the steady-state theory] and trapped in the Earth 4.5 billion years ago in randomly dispersed molecular form. But the intense heat of the Earth's volcanic core "sweats them out" of the rocks that contain them, sending them migrating outward through the porous deep Earth because they are more fluid and weigh less. In a region between 10 and 300 kilometers deep, the hydrocarbons nourish vast colonies of microbes where all of earthly life began, and where today there's a vastly greater mass of living things than exist on the surface of the planet. The migrating oil and gas ‘sweep up’ the biological wreckage of this life as they percolate upward, together with molecules of helium, all of which eventually get trapped and concentrated for periods in near-surface reservoirs where oil is usually found.”

This theory turns the fossil fuel debate on its head!  In an apparent case of oversimplified causal relation Lomonosov got it backwards.  This very different way of looking at and understanding oil and its place in our biosphere is found to be copasetic with microbes found living in oil what happened after the BP oil spill, when life was actually created as oil loving bacteria went to work cleaning up our mess.  Similar bacteria are also being used to create endless supplies of methane fuels.

Dig Deeper

Gold’s theory is buttressed and expounded upon by chemists and thermodynamicists G.E. Boiko and E.B. Chekaliuk whom studied 322 samples of oil from around the world, which culminated in a body of work spanning from 1950 to 1982.  Their calculations concerning the isomeric composition of oil has shown all natural oils are at equilibrium at temperatures and pressures far exceeding those found within the sedimentary blanket known as “source rock”, the accepted layer where oil is supposed to be created.  Boiko, therefore, concluded that the synthesis of oil according to his analysis could only take place in the upper-mantle, i.e. at depths around 40 -160 kilometers, where the proper temperatures and pressures are believed to be.  More support for this perspective comes from diamonds found in crude oil; diamonds of course require upper-mantel levels of heat and pressure to be formed.

Further support for upper-mantel formed petroleum comes from A.S. Eigenson’s studies of oil in which he discovered nickel and vanadium porphyrins in not most, but all of the petroleum deposits he studied.  According to the biogenic camp the presence of porphyrin molecules in petroleum is attributed to chlorophyll from photosynthesizing plants, and to the heme of the blood in animals, however, if that is their source these particular porphyrin molecules would need to contain the metal atoms, magnesium and iron.  No single case is known of magnesium or iron porphyrins having been found in petroleum anywhere!  Thomas Gold expounds here in a 1996 article:

“An explanation that on every occasion in all oils the original metal atoms had been exchanged for just nickel and vanadium from the rocks in their surroundings, seems extremely improbable. No explanation has been offered how plant debris would have produced the nickel and vanadium molecules, while, in the other explanation, nickel and vanadium complexes may well be expected, since these two metals are particularly prone to make organometallic compounds. This find therefore favors a deep origin, and at the same time a common origin for all oils.”

Replenishing Wells

In 1999 Eugene Island 330 was an offshore oil well in the Gulf of Mexico, which like many oil wells met its peak production level and later was expected to shut down when suddenly it started producing at nearly peak capacity.  This can be explained in two ways; one that a low pressure system was created from the depleted oil reserve thereby sucking in more oil from the surrounding area or two as Dr. Whelan of the Woods Hole Oceanographic Institution (WHOI) believes “there is a huge system of oil just migrating” deep underground which feeds many wells.  Moreover, WHOI has documented this phenomenon not only in the Gulf, but also all over the world and in geologically varying areas including the North Sea, the Niger Delta, the Mahakam Delta, the Trinidad Basin, the Taiwan Basin, and the Alaskan North Slope.

Does the Abiotic Theory Bear Fruit?

In a word, Russia.  In the 1950s, through the lens of the fossil fuel theory, Russia was ruled out as a potential energy producing power house, however, as we saw in 2009 Russia has eclipsed Saudi Arabia as the worlds leading oil producer.  The seed, which produced this energy giant is the abiotic theory of oil planted, ironically enough, by Joseph Stalin himself in arguably one of the only recorded successes of his tyrannical career, his 1947 scientific oil commission which gave rise and credence to the aforementioned theory.  Since that time 80 oil and gas fields in the Caspian district have been developed from crystalline basement (bedrock) far below the sedimentary blanket.  Moreover, exploration in the western Siberian cratonic rift has led to the development of 90 petroleum fields of which 80 produce either partly or entirely from the crystalline basement.  The list goes on…

At the very least the conventional attitude toward the origins of oil seem to be based on very old theories of which the largest oil producer in the world rejects outright.  Moreover, we have prominent scientists and much evidence to at least cast doubt on our previously held notions.  If the world is content with crisis after crisis and dreading a day without oil just over the horizon, by all means we shouldn’t investigate.  However, if we wish to live in harmony with our planet and wish to comprehensively understand its abundant gifts – we must begin and expand this crucial debate.