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THE PEAK OIL MYTH
PART 2 of 2

 

By Dr. Stanley Monteith
December 10, 2005
NewsWithViews.com

Most people believe the Gulf storms were responsible for the increase in the price of petroleum products, but they are wrong. There was an adequate supply of fuel across America on the day Hurricane Katrina flooded New Orleans, but the price of gasoline immediately "spiked" to over $3.00 a gallon.

The recent increase in the price of oil and natural gas was orchestrated by OPEC, the oil cartel (The Four Remaining Sisters), and the Bush administration to:

(1) Promote conservation
(2) Increase profits
(3) Lower our standard of living
(4) Destroy our economy
(5) Impoverish the American people

When the cartel began raising the price of oil last year, the Bush administration continued purchasing petroleum for the Strategic Oil Reserve which increased the price of oil. Senator Bingaman asked the President to suspend purchases until the price stabilized, but he refused, and many Americans will pay 20% of their take-home pay on energy this winter.

When the oil price surged to $70 a barrel, the Bush administration released oil from the Strategic Reserve and the price fell to $60 a barrel, The Washington Times reported:


"Recent gasoline-price spikes have given new meaning to the phrase 'pain at the pump.' And with demand from India, China and elsewhere growing, and U.S. failure to open a single new oil refinery since the 1970s, supplies could remain tight and prices elevated for some time." (italics added)[1]

The U.S. imports 400,000 gallons of gasoline a day from other countries because the environmental movement has blocked construction of new oil refineries in the United States for almost 30 years. The U.S. had 321 refineries in 1981; the U.S. has 149 oil refineries today. Many plants operate 24 hours a day (with no down-time for maintenance) to supply the growing demand for fuel, and to comply with EPA regulations that require refineries to formulate different types of gasoline in different regions of the country at different times of the year.[2]

Who funds the environmental movement? The oil cartel (The Four Remaining Sisters), major corporations, foundations, and government agencies. Why has the environmental movement blocked construction of new oil refineries? Because The Four Remaining Sisters don't want competition.

The New American reports:

"In 1996, Texaco, in an internal memo, noted: 'The most critical factor facing the refining industry on the West Coast is the surplus refining capacity, and the surplus gasoline production capacity. The same situation exists for the entire U.S. refining industry. Supply significantly exceeds demand year-round. This results in very poor refinery margins, and very poor refinery financial results'"[3]

When the gasoline supply increases, the gasoline price falls. When the gasoline supply falls, the price of gasoline increases. A recent article in the week-end edition of The Washington Post reports:

"When the average price of a gallon of regular gasoline peaked at $3.07 recently, it was partly because the nation's refineries were getting an estimated 99 cents on each gallon sold. That was more than three times the amount they earned a year ago when regular unleaded was selling for $1.87."[4]

Congress established the Strategic Heating Oil Reserve to insure an adequate supply of inexpensive fuel during the cold season, but the Bush administration refuses to release oil this winter. Reuters News Service reports:

"Democratic Rep. Edward Markey of Massachusetts asked the Bush administration . . . to explain why it will not tap the government's emergency heating oil stockpile, even though federal law allowed it (to) do so after heating fuel prices reached high levels."[5]

Is the world really running out of oil and natural gas? Lindsey Williams claims the oil shortage is contrived. A high-ranking Atlantic Richfield Company executive edited the second edition of The Energy Non-Crisis because the executive was angry with his employer. He wrote:

"That great pool of oil is probably as big as the Prudhoe oil field . . . but government has ordered us not to produce that well, or reveal any information as to what is at Gull Island."[6]

"Three wells have been drilled, proven, and capped at Gull Island. The East Dock well also hit the Gull Island oil pool. . . . For forty miles to the east of Gull Island, there has not been a single dry hole drilled, although many wells have been drilled. This shows the immensity of the size of the field.

The Gull Island oil find is even larger than the Prudhoe Bay field, which is presently producing more that two million barrels of oil every twenty-four hours."[7]

"Only recently, just west of Gull Island, the Kuparuk oil field has been drilled. . . . The chemical make up of the field and the pressure of the field is different from the others, proving it to be a totally separate pool of oil. . . the Kuparuk field is approximately 60 miles long by 30 miles wide and contains approximately the same amount of oil as the Prudhoe Bay field."[8]

"If this is allowed to be produced, we can build another pipeline, and in another year's time we can flood America with oil - Alaskan oil, our own oil, and we won't have to worry about the Arabs . . . if there are two pools of oil here this big, there are many, many dozens of pools of oil all over this North Slope of Alaska."[9]

The EPA has capped producing wells, blocked efforts to drill on government land, and restricted drilling on private property. The massive oil reserves off our East and West coasts haven't been developed, the massive oil fields under the Arctic National Wildlife Refuge (ANWR) and Gull Island haven't been tapped. If there is really a shortage of oil, why haven't we developed those reserves?[10]

I interviewed Edward Deatherage who claims private companies can produce all the fuel we need if Congress will guarantee them $25 for a barrel of oil. Why is that important? In the past, when private companies tried to develop oil fields in the United States, the cartel dropped the oil price below the cost of production and bankrupted the competitors.[11]

Natural gas (NG) cost $3.00 per million BTUs in the 1990s, and would have remained at that price if the EPA hadn't blocked development of gas wells, forced electric-generating companies to burn NG, exhausted the NG supply, and increased the price to $12 - $14 per million BTUs. The Wall Street Journal reports:

"The American Gas Association said yesterday it anticipates the average natural-gas bill will rise about 50% this winter. . . . Natural gas is the dominant fuel used to heat homes in the U.S., with roughly 52% of homes using it."[12]

Most geologists believe that oil and natural gas come from the breakdown of organic matter, but Thomas Gold, an astro-physicist at Cornell University, believes oil is derived from methane that contains residue of bacteria that flourish in the "Deep Hot Biosphere."

Russian oil companies followed Thomas Gold's advice, drilled hundreds of deep wells, discovered vast reserves of oil and natural gas, and have become the world’s second largest oil producer.[13]

Joel Skousen was correct when he wrote:

"Yes, Peak Oil is coming - not so much because the supply has really peaked, but because the manipulated supply is peaking. The U.S. is withholding vast Arctic and offshore resources in order to keep an ace in the hole for the coming war. . . . There has been a conspiracy to restrict refining capacity and buy out the little guys to cap supply - and that isn't likely to change in our lifetime. We're stuck with these powerful controlling forces, and will be - thanks to a dumbed-down electorate - until it's too late to do anything about it."[14]

Who are "The Four Remaining Sisters?" When Congress investigated the oil industry in 1911, they discovered the Standard Oil Trust (owned by John D. Rockefeller) controlled the banking industry, the oil industry, the transportation industry, and several other major industries. To counter the dangerous concentration of power, Congress enacted legislation that broke up the Rockefeller Trust, and led to the formation of Standard Oil of New Jersey, Standard Oil of Ohio, Standard Oil of California, Standard Oil of New York, Mobil, and a number of other Rockefeller-owned companies.[15]

Anthony Sampson's book, The Seven Sisters, discussed the seven companies that controlled the oil industry in 1976: Exxon, Gulf, Texaco, Mobil, Socal, British Petroleum (BP), and Royal Dutch Shell.[16] The Rockefellers controlled Exxon, Mobil, and Socal; the Dutch Royal Family controlled Royal Dutch Shell; the English government and the British Royal Family controlled British Petroleum.[17]

Subsequently:

- Standard Oil of New Jersey became ExxonMobil
- Standard Oil of New York merged with ExxonMobil
- Standard Oil of California (Socal) became Chevron
- Texaco merged with Chevron
- Gulf Oil merged with Chevron[18]

The Rockefeller dynasty controls ExxonMobil and Chevron. David Rockefeller was a founding member of the Bilderbergers, and attended the May 2005 Bilderberger meeting in Munich. Sir John Kerr, director of Royal Dutch Shell, attended the May 2005 Bilderberger meeting. Jeroen van der Veer, chairman of the committee of managing directors of Royal Dutch Shell, attended the May 2005 Bilderberger meeting. John Brown, CEO of British Petroleum, attended the May 2005 Bilderberger meeting. Peter D. Sutherland, chairman of British Petroleum, attended the May 2005 Bilderberger meeting. Does there seem to be a pattern here?[19]

Seven companies (The Seven Sisters) controlled the international oil cartel in 1976. Four companies (The Four Remaining Sisters) control the international oil cartel today.

I believe the Bilderbergers are an appendage of the Occult Hierarchy that rules the world.[20] What is their goal? They want to increase the cost of energy, lower our living standards, and destroy our economy. Can that be documented? Yes! Steven Rockefeller (Nelson Rockefeller's son), Mikhail Gorbachev (former dictator of Russia), and Maurice Strong wrote the Earth Charter, the New Ten Commandments for the world. Section 10a states:

"Promote the equitable distribution of wealth within nations and among nations."[21]

The United States is the richest country in the world. If the Hierarchy is going to "promote the equitable distribution of wealth . . . among nations," how will they accomplish that goal? They will transfer American jobs, American factories, and American wealth to third-world countries.

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We have entered a period that will try men's souls. The U.S. is fighting a senseless war in Iraq, effective treatments for cancer and heart disease are being suppressed, 200,000 - 300,000 Gulf War I veterans are ill, one in six American children has a neurodevelopmental or behavioral abnormality, the incidence of cancer, diabetes, heart disease, and Alzheimer's disease is increasing, and the standard of living of the American people is declining. Are those things happening by accident? I believe the Occult Hierarchy is following the "plan" laid out in the Earth Charter. We must oppose them. Truth is our weapon. The Lord is our shield.

Click here for part-----> 1

Footnotes:

1, Ben Lieberman, "Price control perils . . . fuel turn-on," The Washington Times, Sept. 13, 2005, p. A 20.
2, Dennis Behreandt, "The New Fuel Crisis," The New American, Oct. 17, 2005, pp. 12-28.
3, Ibid.
4, Justin Blum, "Winners and Losers in the Gas Wars," The Washington Post National Weekly Edition, Oct. 3-9, 2005, p. 20.
5, Washington Post Article
6, Lindsey Williams, The Energy Non-Crisis, Worth Publishing Co, 1980, p. 179
7, Ibid., p. 182.
8, Ibid., p. 183.
9, Ibid., p. 173.
10, Gary Benoit, "Energizing America," The New American, March 27, 2000, Volume 15, No. 07
11, Radio Liberty interview, Sept. 23, 2005.
12, Stephanie Cohen, "Natural-Gas Bills Forecast to Rise by 50% in Winter," The Wall Street Journal, Oct. 12, 2005, p. D3.
13, Free Energy News 'Sustainable Oil - Magma Oil'
14, Joel Skousen, www.WorldAffairsBrief.com, 10/21/2005.
15, Whatever Happened to Standard Oil?
16, The Seven Sisters and http://history.sandiego.edu/gen/wwl/oil.html
17, You've been 404'd and Royal Dutch Shell
18, Seven Sisters
19, Daniel Estulin: Breaking the Silence and Global Empire
20, www.radioliberty.com, May 2005 and June 2005 newsletters
21, The Earth Charter, copy available from Radio Liberty.

© 2005 Stanley Monteith - All Rights Reserved

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Dr. Stanley Monteith has been studying the movement to create a world government for almost 40 years. During his 35-year career as an orthopedic surgeon he traveled to Europe, lived in South Africa, and researched the records of the men and the organizations that are working to bring our nation under the control of a corporate elite.

Dr. Monteith currently spends five hours daily on talk radio across the nation. He writes extensively, and lectures on geopolitics. He is the author of AIDS: The Unnecessary Epidemic and his most recent book Brotherhood of Darkness is in its 8th printing.

RADIO LIBERTY, P.O. BOX 969, SOQUEL, CA. 95073 -- 800-544-8927

Web-Site: www.radioliberty.com

E-Mail: DoctorStanRadio@aol.com


 

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During a recent interview, Dr. Deffeyes predicted world production would peak in late 2005 or early 2006.[3] If Dr. Deffeyes is correct, what will happen to our economy? What will happen to the world economy?