Once 'Peak Oil' had fizzled, some other reason to continue the warfare campaign had to be invented; Enter the Muzlim as the worlds new 'Boogyman'. Perhaps the campaign in the Middle East is to prevent the oil from flowing, further erroding prices, and making Algores' holdings in Oxidental Petrolium worth far less.For years, we've been pointing out that Peak Oil is a dominant social theme, a scarcity meme used by the powers-that-be to reinforce the US petrodollar and generally to control economic and sociopolitical elements of society.
And now comes word via various news reports including a story at MarketWatch that a main Internet proponent of the Peak Oil myth – The Oil Drum – is shutting its doors.
Here's how MarketWatch describes it:
... A website created and frequented by advocates of "peak oil," is closing its doors July 31 after an eight-year run. The site will be kept as a repository of old articles, but will no longer offer new ones, according to a post on the site dated July 3.
The decision was reached thanks to "scarcity of new content caused by a dwindling number of contributors" and the cost of running the site, the post said. The post garnered more than 700 comments from readers mourning the site's virtual death. Commenters suggested "donate" buttons and other ideas to raise money.
With news of record-breaking North American oil and gas production seemingly every day, maybe it just got too hard to maintain a site devoted to the notion that the world's oil production was at or near a peak ... Detractors gleefully pointed out that the theory did not take into consideration technological advances, while defenders retort that, inevitably, demand for oil will outstrip supply, leading to higher oil prices and shortages.
Count us among the detractors.
For close to a decade, we've been identifying and exposing pernicious scarcity memes that seek to scare middle classes into giving up power and wealth to globalist enterprises such as the United Nations, International Monetary Fund, World Bank, etc. Peak Oil was among the higher profile of these memes probably because it was among the most useful.
When top men in the US government and at the Federal Reserve wanted to go off a gold standard, they used Peak Oil concepts to justify the petrodollar. People were led to believe that the only large-scale oil reserves were in the Middle East and then various green manipulations made it difficult to gain oil throughout the West. The Saudis agreed to demand dollars for oil and the rest was history. The world had to hold dollars and dollars became a "reserve currency."
But now the game is changing. Shale oil and gas – extracted via fracking – have suddenly made it clear that far from suffering from oil scarcity, the world is awash in energy.