The myth of oil scarcity is one of the foundations that have allowed four giant oil corporations along with a handful of Wall Street banks to control the world's largest and most essential commodity: oil. The myth originated in the 1950's from a speech by a geologist at Shell and was revived in 2003 at the time of the US bombing of Iraq. The reality is quite different from the claims of Peak Oil. In reality, the world is running into oil and not running out of oil. Huge new oil and gas fields are being discovered from the eastern Mediterranean to the coast of Brazil, from East Africa to Iran and Iraq, from Norway to the Caribbean.
In F. William Engdahl’s newest book, "Myths, Lies and Oil Wars” discusses the little-known details of wars and manipulations designed over the past half century or more up to the wars in Africa, the Arab Spring, Iraq, all to maintain a lock-grip control of the world's known oilfields. The myth of scarcity has been a pillar of their power and as a result, propaganda for their self-serving agendas.
Tune in to this segment of The Clean Energy View Radio Show, as host, June Stoyer is joined by special guest F. William Engdahl.