William Engdahl: Global Elite Geopolitics

[Stephen Morgan]

So you admit that they're [govt. of Venezuela & oil corp's] both interested in maintaining high prices?

Sure, but many of their other interests are quite different.

Lucky we're only talking about oil prices, then.

And lucky #3, tell me do you agree that oil is a finite resource?

There's a certain amount of oil in the ground which will eventually be depleted to the point where extraction becomes uneconomic. At which point the oil companies will reveal the secret technologies they have under wraps for creating oil out of thin air.

Is this you admitting infantilism or saying you just don't care? You really oughta see someone about those nonsequitors.

Neither. Just answering your question.

So you really believe oil can be created out of thin air?

That's how it originally came about, isn't it?

Whats the technology, the energy source, and how much capital do you need up front?

You'd have to ask New Scientist about that sort of thing. It's not my idea, obviously.

But i realise you're just playing it for the lulz, cos you already acknowledged reality of peak back in February..

And peak oil from conventional oild sources in already gone.

Have you changed your mind, or did you run out of flies to pull the wings off?

Neither. Peak Oil production has come and gone, a new peak could be reached if the currently suppressed oil sources, such as Iraq, were to receive proper investment and extraction. I think it would be better to invest in alternatives, but you've already said you think that's pointless.