Well this show a little naivity on the part of the writer. If you understand the depth of peak oil, you would clearly understand that it is impossible to do more drilling when there is no oil to be found! it is wasted revenue for the oil companies. Of course, they are not going to drill!!! So what do we see nowadays? Well, now they are starting to move toward hydrogen and ethanol. So they can still maintain their profits. And this is a gradual process… Notice that cars are moving toward higher gas mileage little by little. Notice the hype about hydrogen and ethanol? Why? Because they know. Interesting how prices are going up to. And if you pay attention to alternative news and politics, you’ll see that Dick Cheney did mention the decrease in oil production in a conference back in 1999. This does not mean that oil and gas are going to dissappear overnight and that we are going to have a catastrophic consequence because of it. After 2010, it is estimated that production will decrease by 3% every year afterward. They know this (Cheney, big Oil, and automobile industry) so they are planning ahead. In fact, you will in the next few years more and more cars turning to alternative fuels. Interesting enough, GM will be coming out with their new electric car in 2010. Why?

http://www.motorauthority.com/cars/general-motors/gm-electric-car-to-arrive-in-2010/

There are a few good documentaries on this matter and some on television that address the oil industry. Have you ever seen “Who Killed the Electric Car?” Highly recommended and gives you a better picture of what is happening in the auto and oil industry.

As for Earthbound, the concept of abiotic replenishing hydrocarbons though relegated to the ‘conspirist’ ‘net zones remains a possibility demonstrated by some recent work published by the Proceedings of National Academy of Sciences. The abstract is that carbon bearing rock and water with iron as a catalyst can produce methane in a vast range of pressure and temperatures found from the magma boundary to just a few tens of miles from the surface. The conclusion is that as long as there is subduction of vast quantities of crust there will be a huge budget of replenishing methane from just this one mechanism. The author should fee free to contact me if you require a copy of the white paper in .pdf format. I have since lost the address though I’m sure it could be found with some searching.

Shell oil closed its profitable Bakersfield CA refinery in 1996 in order to artificially constrict the supply of gasoline. The Iraq war has take over 2 million barrels of oil a day off the market, further manipulating prices in favor of the ruling elites. This is all part and parcel of a longstanding plan by your so-called benevolent rulers to cull the human race in order to enjoy all of the world’s wealth by themselves. If you want to defeat this goal then you need to get energy independent. There already are commercially available solar, wind and hydroelectric systems that can help you achieve this.