Then all of a sudden this new story, totally unaffected by government influence, about a new scientific discovery came across my eye balls:
An estimated 513 billion barrels of technically recoverable heavy oil are in Venezuela’s Orinoco Oil Belt.(USGS Release). Was I wrong to conclude that something was surely afoot, even though I am not yet sure what exactly it is that is afoot?
This area contains one of the world's largest recoverable oil accumulations, and this assessment is the first to identify how much is technically recoverable (producible using currently available technology and industry practices).
Worldwide consumption of petroleum was 85.4 million barrels per day in 2008. The three largest consuming countries were United States with 19.5 million barrels per day, China with 7.9 million barrels per day, and Japan with 4.8 million barrels per day.
“Knowing the potential for extractable resources from this tremendous oil accumulation, and others like it, is critical to our understanding of the global petroleum potential and informing policy and decision makers,” said USGS Energy Resources Program Coordinator Brenda Pierce. “Accumulations like this one were previously very difficult to produce, but advances in technology and new understandings in geology allow us to assess how much is now technically recoverable."
This story is related to the Canadian thick oil, since the Argentinian oil is thick as well, but so is heroin and so is opium tar.
Does anyone know how to say "Oilah Akbar" in Spanish? (el petróleo de dios es gran)?
What this would mean, if we secure a supply to our drug oil needs, by military control of course, from south of our own borders, is that we will happily continue to impose global warming upon the rest of the world. [we use more oil than China and Japan (#2 & #3) combined]
That global warming conspiracy theory won't effect those of us in the know, of course.
UPDATE: One wrinkle in the story is that China and Argentina have substantial agreements concerning oil, which would put China at odds with the U.S. in the Americas ... so what do we know about the status of the "Monroe Doctrine"?
Is it limited in application to Europe, or does it also apply to China? Does it even apply to Argentina?