The Bakken formation in North Dakota, Montana and Canada now is estimated to hold up to 4.3 billion barrels of recoverable oil, only it's available primarily when the price of oil is above a bargain rate – as the oil is located miles deep and drilling costs are substantial.
So a new book about oil, "The Great Oil Conspiracy: How the U.S. Government Hid the Nazi Discovery of Abiotic Oil from the American People" by New York Times bestselling author Jerome Corsi, asks how did the dinosaurs that died and became part of those "fossil fuels" get to be tens of thousands of feet under the surface?
That's just one of the many questions addressed in the book that takes many traditional beliefs about oil – it's finite, it's made through the process of various life forms dying and decaying, and others – and explains that they are just wrong.
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How do we know? From government documents.
Corsi explains that at the end of World War II, U.S. intelligence agents confiscated thousands of Nazi documents on what was known as the "Fischer-Tropsch Process" – a series of equations developed by German chemists unlocking the secrets of how oil is formed.
TRENDING: 1 of the few remaining European intellects stands up for truth
He reports when the Nazis took power, Germany had resolved to develop enough synthetic oil to wage war successfully, even without abundant national oil reserves.
After the war, while the Russians saw through the technical equations and realized that the process for making synthetic oil is the same process that nature uses to make oil deep inside the earth, U.S. scientists buried the documents and hid them from the public.
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For decades, the confiscated German documents remained largely ignored in a United States where petro-geologists and petro-chemists were convinced that oil was a "fossil fuel" created by ancient decaying biological debris.
Not without reason, Corsi explains, since big U.S. oil companies had no financial interest in explaining to the American people that oil was a natural product made on a continual basis deep within the earth. If there were only so many fossils in geological time, there could only be so much oil. Big oil could then charge more for a finite, rapidly disappearing resource than for a natural, renewable and probably inexhaustible one, he writes.
Corsi took to the airwaves last night, on "Coast to Coast AM," which airs on more than 560 stations in the U.S. and others in Canada, Mexico and Guam, to explain the evidence he has uncovered.
His interview has been posted on the show's website.
The Bakken Formation, which was found in the 1980s and 1990s, initially was thought to have only a minor quantity of oil between layers of shale and sandstone.
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"The U.S. Geological Survey estimated in 1995 that the Bakken Formation had only about 151 million barrels of recoverable oil," Corsi reports. "Then, with advances in drilling technology, the U.S. Geological Survey reassessed the quantity. … A USGS assessment released in April 2008 concluded the Bakken Formation may have an estimated 3 to 4.3 billion barrels of technically recoverable oil."
The issue, he said, is not that the National Archives in Washington contain documentation on the Nazi Fischer-Tropsch process for making synthetic oil from coal, as well as suggestions that oil is a renewing resource that could power the world far into coming generations, but that the U.S government has known about the information for years and has kept it concealed.
"The … 'conspiracy' at the heart of the book is not that the Nazis learned how to make synthetic fuel, but that the Fischer-Tropsch equations (that the Nazis developed to produce synthetic oil) unlocked the secret of abiotic oil and explain how the earth produces oil naturally, without organic material, at deep earth levels on a basis that is continuous, even today," Corsi said.
"The Nazis understood that oil is a renewable resource, and the U.S. government and Big Oil hid that from the U.S. public – fostering on an uneducated U.S. population the idea that oil is fossil fuel that eventually will be gone — the 'peak oil' theory," he said.
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A series of recordings of Dr. Corsi's interview with George Noory:
Part 1
http://www.youtube.com/watch?v=z998uKCahQo
Part 2
http://www.youtube.com/watch?v=vYCeoX-sU9k
Part 3
http://www.youtube.com/watch?v=CvTIawubJXQ
Part 4
http://www.youtube.com/watch?v=rR8ukm7vib4
There wasn't a unanimous opinion about the process and its benefits after World War II. The secretary of commerce in 1950 wrote to the U.S. attorney general advocating for the admission to the U.S. of a scientist who had worked on the process.
"The Fischer-Tropsch process for the production of synthetic fuels, in which [Leonard] Alberts is expert, may be a significant item in our national defense," the official wrote then.
"Normally it would appear that the significance of the Fischer-Tropsch development to our economy would be adequate to request a careful consideration of Mr. Alberts' application for immigration, based on facts furnished herewith," the commerce secretary wrote. "The critical national situation would seem to reinforce this request. Synthetic fuels are vital to military operations, also Mr. Alberts' fund of information would seem to make it more desirable for him to stay in this country."
That argument, however, was not persuasive enough to convince the U.S. to take the German work and build on it immediately.
"Rather than study the Fischer-Tropsch equations to unravel the code of how hydrocarbons are produced, U.S. petro-scientists and petro-geologists remain happy … to [consign] the Nazi documents to obscurity because they consider synthetic oil production basically a waste of time," Corsi said.
Corsi also cites the work of author Thomas Gold, who wrote "The Deep Hot Biosphere: The Myth of Fossil Fuels," and noted the idea received additional confirmation when Gold reported that a spacecraft landed on Titan, a giant moon of Saturn, and found "abundant methane."
"We have determined that Titan's methane is not of biological origin, so it must be replenished by geological processes," wrote Dr. Hasso Niehmann of the Goddard Space Flight Center.
"If Peak Oil theories are right, why do we have more worldwide oil reserves today than ever before?" Corsi's book asks.
He notes the Department of Energy and others assessed in 1980 the worldwide proven oil reserves were about 645 billion barrels; but by 2005 the total was 1.28 trillion barrels.
So what are the geological processes?
Corsi explains that when hydrogen and carbon are added to coal, with various catalysts under intense pressure and heat, hydrocarbons are produced.
That's what the mantle of the Earth does, he said.
He said it doesn't take dead plants or animals, dinosaurs, plankton, algae or former living matter to produce oil, and the Nazis understood this.
"Today Nazi synthetic oil secrets remain hidden from the public view because that's exactly the way U.S. oil companies and the U.S. government want it," Corsi wrote. "The true secret of Nazi synthetic oil had nothing to do with liquefying coal."
"Committed Nazis … might have been quietly pleased when American scientists saw nothing more in the Fischer-Tropsch process than how to make gasoline and diesel fuel out of coal."
The controversy is heating up. Last year, Goldman Sachs "issued a report predicting the United States will be the world's largest oil producing country by 2017," Corsi wrote. "The report was a shock to peak oil believers … who had been conditioned to expect that the United States would have completely depleted all available oil resources by the third decade of the 21st century."
Related offer:
"The Great Oil Conspiracy," by Dr. Jerome Corsi.