The USA controls three percent of the world's proven oil supply yet consumes 25 percent of the world's oil, thereby allowing foreign governments, corrupt political leaders and terrorists to have leverage on our economy.
To make matters worse, the USA production of crude oil has been curtailed in the aftermath of the British Petroleum oil spill in the Gulf in April of 2010 whereby off-shore drilling has been put on hold by the Obama Administration.
Under these conditions, oil industry insiders reap large profits and cause economic instability. The USA has become dependent on foreign suppliers, particularly from the Middle East where self-centered sheiks and tyrants squander zillions of dollars on themselves while their subjects struggle in poverty.
But suppose the supply of oil was somehow regenerating itself and not in danger of being depleted after all.
Dr. Thomas Gold is a physicist at Cornell University. Some of his accomplishments include landmark research on the workings of the ear, developing the mathematics of the rules of cosmology, and overseeing the construction and operation of the world's largest radio telescope in Arecibo, Puerto Rico.
Dr. Gold is also a proponent of the abiotic theory of oil. Developed by the Russians in the 1950s, the abiotic theory states that oil is not derived from decayed plant and animal life, but is rather a bio-product of a continual biochemical reaction below the surface of the earth that is forced to attainable depths by the centrifugal forces of the earth's rotation.
In other words, oil is continually being produced (created) deep within the planet and "seeps" toward the surface by the centrifugal force of the rotation of the planet, which rotates at a speed of over 1,000 miles per hour at the equator, as Planet Earth travels through the Universe at 67,000 miles per hour. Basically, Planet Earth is a spinning, moving orb through space.
THE DEEP HOT BIOSPHERE: THE MYTH OF FOSSIL FUELS is Dr. Gold's groundbreaking book, published in 1998, that promotes the idea that oil is not a fossil fuel and, contrary to popular belief, is a renewable resource.
While conventional scientific wisdom dictates that life is formed on the Earth's surface, with the aid of the sun, Dr. Gold believes that most living entities reside deep within the Earth's crust at temperatures exceeding 100 degrees Celsius, living off of methane and other hydrocarbons.
Although highly regarded as a physicist, Dr. Gold has had a history as being a maverick. In the 1950s, the first radio astronomers discovered odd radio sources in the sky and thought they were unusual stars. Dr. Gold claimed they were actually distant galaxies. Years later, with new technology, Dr. Gold was proven to be correct.
In the 1960s, a different type of radio source was detected in the skies, flashing on and off with regularity. Dr. Gold wrote that these pulsars were neutron stars, the existence of which had been predicted but had never been seen. Although many of his colleagues scoffed at this explanation, once again Dr. Gold was proven to be correct.
Jerome R. Corsi (PhD from Harvard) is the author of 18 books, including ATOMIC IRAN and UNFIT FOR COMMAND. Craig R. Smith, Chairman of the board of Swiss America Trading Company, is the author of 24 scholarly books. Corsi and Smith have co-authored BLACK GOLD STRANGLEHOLD, which shares the notion that oil is continually created deep inside the planet and contends that the so-called scarcity is a marketing ploy to charge higher prices.
For example, researchers at the Royal Institute of Technology in Sweden, as well as other studies, have demonstrated that fossils from plants and animals are not necessary to create crude oil or natural gas.
It's a fact that numerous capped wells which were formerly dry have been discovered to be plentiful once again after many years. Perhaps this is newly created oil "seeping upward" by the pressure of the expansion of newly created crude oil (and centrifugal force).
According to various sources, including NASA, USGS and many oceanographic institutes, there is a "natural" oil seepage into the earth's oceans, estimated to be somewhere in the neighborhood of 75 millions gallons of crude oil per year. Once again, this is clearly an example of "seeping upward" on the ocean floor from lower depths below the floor surface -- highly unlikely to be extinct dinosaur juice "trapped" under the depths of the ocean.
In 1542, Spanish explorer Juan Rodriguez Cabrillo used tar from natural oil seepage, known to sailors as asphaltum, off the coast of North America to waterproof his ships -- just as the Native American Chumash Indians did with their canoes. In 1792, English explorer George Vancouver noted in his log that parts of the Pacific Coast were covered in all directions "with an oily surface so thick that the entire sea took on an iridescent hue."
Natural seepage of oil under the ocean, which is currently monitored by NASA, continues to this day. And 75 million gallons of crude oil seeping upward from the ocean floor every year is no small amount -- additional evidence of the possibility of oil perpetually regenerating itself.
Presently, in the Spring of 2011, the Middle East is in extreme turmoil. World War III may be on the horizon. And it's all about the availability and production of crude oil, supposedly a limited resource formed millions of years ago by decaying vegetation and extinct animals.
However, all of this spilled blood in the Middle East may be unnecessary. Perhaps oil is a renewal resource, continually generating additional crude oil deep within the earth whereby it seeps upward toward the surface on a regular basis.
Perhaps there are those within the oil industry (and elsewhere) who are aware of the abiotic phenomenon but remain silent (or prevent disclosure) of this fact in order to remain highly profitable.
Food for thought.
Quote for the Day -- "Truth will rise above falsehood as oil above water." Miguel de Cervantes
Bret Burquest is an award-winning columnist and author of four fiction novels. He has recently published a nonfiction book titled THE REALITY OF THE ILLUSION OF REALITY (available in paperback or Kindle on Amazon) -- mind-bending topics such as collective consciousness, UFO phenomena, parallel dimensions, Edgar Cayce, St. Germain, Carl Jung, Albert Einstein, Isaac Newton, the End of Days, the White Buffalo, Jesse James, Noah's Ark, JFK and MLK assassinations, Dead Sea Scrolls, Illuminati, New World Order, Bilderbergers, Hitler after World War II, reincarnation, Near Death Experience and Mayan calendar 2012.