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Oil Reserves in the World are Portrayed as Being Limited by Elitist Oil Tycoons in an Effort to Consolidate More Control.

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According to recent findings, there is an abundance of oil reserves in the world, a discovery that thoroughly disproves the treacherous Peak Oil theories perpetuated by the powers that be.

Recent explorations have uncovered new oil resources in Brazil the Gulf of Mexico, West Africa, Iraq and Iran.

Brazilian oil company Petrobas has discovered what could potentially work out to 33 billion barrels of oil in a deep-water exploration off the coast of Brazil.

Chevron Corp pioneered the tapping of a petroleum pool under the Gulf of Mexico that is estimated to boost American reserves by up to 50%.

Kosmos Energy has discovered an oil field at West Cape Three Points and believes it to be the biggest discovery in West Africa.

Excavators in Iraq have recently discovered three oil fields that are estimated to hold up to 2 billion barrels.

In addition to these international discoveries, it is a little known fact that the US has a considerable amount of oil shale at its disposal.

Extracting oil from shale was once a very costly process, but a lot has changed in recent years.

Utah developer Daniel G. Elcan claims that his company is able to produce 4 000 barrels a day from oil shale with furnace heating technology.

He is adamant that the U.S. has more oil in oil shale than the rest of the world’s oil resources combined.

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Plentiful

If new oil fields are constantly being discovered, why are we constantly being told that there is a looming energy crisis?

The theory that oil production will reach optimum level and then proceed to persistently decline is a complete myth.

It is a money-making lie that has been perpetuated by the elite oil tycoons.

Disseminating this lie is the only way that they can continue to rake in exponential profits from a resource that is actually available in vast abundance.

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Exposing Deception

A highly regarded study has added further impetus to the argument against Peak Oil theorists.

The study of 800 oil fields was conducted by Cambridge Energy Research Associates who deduced that rates of decline are only half of the rate previously reported, sitting at a mere 4.5%.

The decisive conclusion of their research was that oil output will continue to rise over the next ten years, officially debunking the deceptive lies that state otherwise.

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Facts

Peak Oil as a theory might sound plausible, but it simply is not true. The facts do not support it.

Peak Oil is similar to the global warming hypothesis, it is a fear-mongering lie that allows those in power to consolidate increasing levels of control over the masses.

We need to make our voices heard concerning the oil cover-up in America and abroad.

Not only are those in power creating a problem that has no factual basis, but they are withholding knowledge concerning the discovery of new oil fields.

In fact, there is no shortage of oil reserves in the world.

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