If you believe oil is a fossil fuel, be prepared to have your beliefs turned upside down.
If you believe that millions of years ago, all the dinosaurs traveled to Saudi Arabia, died and turned into $139-per-gallon oil, think again.
If you believe the U.S. has no choice but to rely on foreign oil until we ultimately run out of the precious resource, prepare to be challenged by new views that “have the opportunity to help give birth to a new generation of oil politics and economics.”
One of WND Books’ most important releases, “Black Gold Stranglehold: The Myth of Scarcity and the Politics of Oil,” by Jerome R. Corsi and Craig R. Smith, explores and debunks many of the popular myths surrounding the international and domestic politics of oil production and consumption. (For a limited time, the price has been dramatically reduced so as many readers as possible can obtain this valuable book.)
In “Black Gold Stranglehold,” Corsi and Smith expose the fraudulent science and irresponsible politics that have been sold to American people in order to make them dependent on dangerous, unreliable and expensive foreign sources. By debunking these myths, Corsi and Smith provide an outline for progress that would powerfully help America become energy-independent.
Be prepared to be challenged by:
- The myth of fossil fuels: Corsi and Smith argue that the deep abiotic theory of oil is a more reliable theory than the fossil fuel theory. It rejects the contention that oil was formed from the remains of plant and animal life that died millions of years ago. Instead, they believe in Thomas Gold’s argument that oil is abiotic: “a primordial material that the earth forms and exudes on a continual basis” and is “pushed upward toward the earth’s surface by the intense pressures of the earth’s core and the influence of the centrifugal force that the earth exerted upon the specific gravity of oil as a fluid substance.”
The running-out-of-oil myth: The 1970s scientific study known as Hubbert’s Peak, predicting we would exhaust oil reserves by 2003, has been proven false. We are currently sitting on “more proven petroleum reserves than ever before despite the increasing rate at which we are consuming petroleum products. New and gigantic oil fields are being discovered at an increasing rate, in places the fossil fuel theory would never have been predicted as possible.
Global warming and other environmental myths: Corsi and Smith present compelling evidence that “burning fossil fuels does not release into the air chlorofluorocarbons or halon compounds, the types of chemicals identified as the culprits causing holes in the ozone.” Instead, “human beings breathe in oxygen and exhale carbon dioxide” while “plants absorb carbon dioxide and throw out oxygen.”
The folly of oil conservation: “Black Gold Stranglehold” presents and documents how no alternative energy option has been able to provide enough energy and how each alternative has been deemed uneconomical.
Oil playing a part in the illegal-immigration problem: Mexico has the third largest proven reservoirs of crude oil in the Western Hemisphere behind Venezuela and the U.S. As a result, the United States imports virtually all the oil Mexico exports. Consequently, “the U.S. government finds it difficult to take a systematic, hard look at the nearly free flow of illegal immigrants coming across our southern border. As a hedge against instability in the Middle East, the U.S. government has to calculate our oil needs when considering any steps we take regarding Mexico or illegal immigrants.
The value of the dollar and its effect on terrorism: “In recent years the buying power of the dollar has decreased 40 percent on the average against all major foreign currencies. Since dollars can no longer be exchanged for gold, no hard, fixed commodity stands behind the U.S. international payments, including oil purchases. Osama bin Laden’s “war against America was fueled by his belief that the U.S. has stolen the oil of Muslim countries. At the core of the issue is bin Laden’s perception that America has paid for oil, a hard commodity, with paper dollars that are no longer backed as they once were by the hard commodity of gold.”
How high the price of oil?: “Today, the U.S. oil industry is sitting on a quantity of oil reserves that has never been higher. Still, we have built no new refineries, and the refineries in operation are producing at or near capacity. The picture that emerges is one of industry conglomerates simply sitting on large reserves and waiting for oil prices to go even higher. At some point, increased gasoline prices become an inevitable drag on the economy.”
Terrorism and Its Threat to Oil: Terrorists are “willing to bet that the U.S. will not be able to afford politically or economically a protracted global war against radical Islamic terrorism. Terrorists, like governments determined to impose price controls on oil, act to disrupt free markets. In doing so, they clearly understand the economic harm they can inflict.”
Corsi and Smith believe America can and will become energy-independent if some steps are taken to correct the aforementioned problems. In addition, they not only meticulously lay out the problems facing American oil interests, but have developed a seven-step action plantoward U.S. Oil Independence by:
Promoting scientific research to investigate alternative theories.
Expediting leases offshore and in Alaska to encourage oil exploration.
Providing tax credits for deep-drilling oil exploration.
- Creating an oil research institute to serve as a clearinghouse of oil industry information.
- Developing a public broadcasting television series devoted to the oil industry.
- Reestablishing a gold-backed international trade dollar.
- Establishing tax incentives for opening new refineries in the U.S.
In the end, “Black Gold Stranglehold” not only provides solutions, but it will empower consumers and oil industry professionals to drastically change the debate about oil. In an era when the skyrocketing price of gasoline is becoming the No. 1 preoccupation with millions of outraged and economically strangled Americans, this book will provide a powerful push as America reconsiders its long-time dependence on foreign oil.