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There has never been an energy crisis or will there ever be one, unless it is manufactured. The Russians proved 50 years ago that oil is an abiotic, not biotic process. This is common knowledge within the oil community, but we still hear from the talking heads that oil is a "fossil fuel" that comes from dead dinosaurs. It is obvious that there are those who have an agenda.
Peak oil is real as far as current production capacity is concerned, but this capacity is from relatively shallow wells. This is the cheap oil. The larger pools are at greater depths, as any credible geologist will attest.
Take a look at a world map and plot where the major oil discoveries have been found. You will find that they occur within a relative distance from the earth's "fracture zones". These fracture zones are generally associated with mountain ranges, whether above ground or undersea.
Just like global warming, another fraud is being perpetrated, what else is new.
Suppose someone bought a dead west Texas well for pennies on the dollar, Loving County comes to mind, and had the resources to drill the well deeper. Who wants to be a millionaire?
gldskr
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