"Black Gold Stranglehold: The Myth of Scarcity and the Politics of Oil," a new book that challenges notions that oil is a "fossil fuel" and that the world is running out of it, is skyrocketing up the best-sellers lists before its official debut tomorrow.

The authors did an unprecedented four-hour interview with George Noory on "Coast to Coast AM," a national overnight radio program, last night. A tape of the show can be heard via the "Coast to Coast AM" website.

It currently is listed at No. 10 among non-fiction best sellers at Amazon – and rising – and is No. 56 overall. The book has risen to No. 1 in the economics category and No. 5 in politics.

"Black Gold Stranglehold" also disputes alarmist predictions that oil prices will be rising to $190 a barrel next year with gas prices going to $6 a gallon.

"Last year, we predicted that we would see $3-per-gallon gasoline and we did," said Craig Smith, chief executive officer of Swiss America Trading Corporation and co-author along with Jerome Corsi. "Light crude for November fell $2.21 to $60.20 per barrel. To say that we will see $190 per barrel is a scare tactic that ties in with the message that we are running out of oil, which we are not."

Smith specifically pointed to predictions by "oil guru" Matt Simmons.

"Simply stated, we believe those who say we are running out of oil are wrong," he said. "We have plenty, maybe even an exhaustible amount available deep within the earth. We are sitting on more proven petroleum reserves than ever before, despite the increasing rate at which we are consuming petroleum products. New and gigantic oilfields are being discovered at an increasing rate, in places the fossil fuel theory would never have predicted possible. If we are running out of oil, why are worldwide oil reserves today at historically high levels? Since 1980, proven oil reserves have gone from 645 billion barrels to 1.28 trillion barrels."

The problem, Smith says, is not oil scarcity, but rather, a refining crisis.

"Today, the U.S. oil industry is sitting on a quantity of oil reserves that has never been higher," says Smith. "Still, we have built no new refineries, and the refineries in operation are producing at or near capacity."

"Black Gold Stranglehold," co-written with Jerome Corsi, debunks the myth that the world is running out of oil through clear and compelling research based on the abiotic theory of oil. The abiotic theory asserts that oil is not a product of decaying dinosaurs and prehistoric forests. The scientific evidence cited in "Black Gold Stranglehold" suggests that oil is constantly being produced by the earth, far below the earth's surface, and that it is brought to attainable depths by the centrifugal forces of the earth's rotation.

Buy "Black Gold Stranglehold."

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