The Energy Information Administration of the U.S. Department of Energy, is on record that “there are more proven crude oil reserves worldwide than ever in recorded history, despite the fact that worldwide consumption of crude oil has doubled since the 1970s.”

 –  The Bottom Line   –

From A Gas Price Prayer‘:  In 1973, Richard Nixon actually talked to the nation and asked that we not use Christmas lights because ‘the world is running out of oil.’    Ten years later we found out there was a gut of oil in the world!  

The first ‘gas crisis’ in the early seventies will indeed go down as the biggest business scam in the history of the world.  Gas was about 30 cents a gallon.  Then all of a sudden there was a “shortage.”   Gas “had to rationed” to the point where we could only get gas on alternate days and we would have to wait in line sometimes for hours just to get some!   Then, after the price more than tripled to about $1 a gallon, like magic all of a sudden we had all the gas we could buy!   Ten years later, a world gas gut!   But now the oil cartels and oil barons were making billions instead of mere millions whilst making the most outlandish sales pitch of the century.

It always has been and continues today to be a rip-off of the American people perpetrated made the oil companies, the Muslim oil cartel and our lawyer/politicians in Washington.  Don’t take my word for it, here is John Kerry in a rare moment of truth and candor talking to Bill O’Reilly:

Oil Forever!

Posted By Alan Caruba on 09/19/2012

The widespread use of the term “fossil fuels” is a deception created by anti-energy propagandists and earlier theorists to make people believe that oil is the result of countless dead dinosaurs and decaying vegetation. Oil, however, is “abiotic”, a term that means it is a natural product of the earth itself “manufactured at deep levels where there never were any plants or animals.” …

And we stupid people thought that it took millions of years for fossil fuels to develop….

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GAO: Recoverable Oil in Western States ‘About Equal to Entire World’s Proven Reserves’

Posted by Erika Johnsen – on may 12, 2012

On Thursday, the Government Accountability Office informed Congress that the Green River Formation, under a basically empty tract of mostly federally-owned land that covers the area where Utah, Colorado, and Wyoming come together, contains about as much recoverable oil as the rest of the planet’s proven reserves, combined:

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