Oil Conspiracy

[Mark351]

Everyone loves a good conspiracy theory, so here's one.

The US, with it's own liquid crude oil supplies all but dried up, looks to the middle east to source most of it's supply - and has done so now for decades. What it can't control diplomatically, it controls by force (Iraq, maybe Iran...) But it's running out.

However, there is oil out there. The US alone has 1 trillion barrels of shale oil - enough to last a century. In the past, the price to extract it has not made it worthwhile to do so - not anymore. Canada has 1.7 trillion barrels of oil sands. Australia itself has 24 billion barrels of shale oil - and then there's the oil that can now be extracted from coal, which we have so much of we practically sell it for a pittance.

But perhaps, it's just better to continue to let the Arabs pump out theirs, selling it at a price that US corporations still earn big profits from, even if a few arabic families and their small nations get rich at the same time. When that arabic oil does run dry, guess who in control of the primary reserves left in the world? The good old USA and it's closest allies. The world is so accustomed to the high prices, they can happily dig it all up and make a killing serving the worlds needs.

The one bump in the oily road though is the current greenhouse hysteria. But once that 'blows over', it's back to turning black into green.

Discuss.