Are We Running Out of Oil, The Conspiracy Show, Ep105

Name: Are We Running Out of Oil, The Conspiracy Show, Ep105
Uploaded: 2025-08-09T02:46:41+00:00
Duration: 21 min 56 s
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6 weeks ago

The Conspiracy Show with Richard Syrett Season 1 Episode 5 Are We Running Out of Oil?

Richard investigates the claim that the true nature of oil has been kept a secret from the general public. Two proponents of the abiotic oil theory argue that oil is not a fossil fuel and is in near inexhaustible supply while a researcher/author on peak oil argues that the Earth's supply of oil is already in fatal decline.

Richard investigates the claim that the true nature of oil has been kept a secret from the general public. Two proponents of the abiotic oil theory argue that oil is not a fossil fuel and is in near inexhaustible supply while a researcher/author on peak oil argues that the Earth's supply of oil is already in fatal decline.
Directors: Jalal Merhi, Chris Power
Writer: Richard Syrett, Ron Craig
Starring: Richard Syrett, Richard Crouse, Nelson Thall, Jim Marrs, Michael Shermer, Jeffrey Steinberg

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00:00Welcome to The Conspiracy Show. My name is Richard Serrett.

00:12Are we running out of oil?

00:14We've grown up believing that oil is a fossil fuel, a non-renewable resource.

00:20When it runs out, how will we heat our homes, fuel our cars, run our industries, deliver food and supplies to stores?

00:28There is another theory, however, that contends that oil is not a finite resource and is in virtual, inexhaustible supply.

00:36We're about to meet some researchers who believe we'll never run out of oil.

00:40And we'll also meet a researcher who says we're very close to running out of oil and the consequences are catastrophic and unavoidable.

00:48Our mission tonight is to investigate these claims and follow the truth wherever it may lead.

00:55It is time to redefine reality.

00:58Genetic enigma?

00:59Or a human-alien idea?

01:01That's how cynical I am now about the process.

01:04Industry media, technology, you can tell.

01:06We're going to make more of this.

01:08We're going to make it.

01:09Has been engineered by the Illuminati?

01:12There's no doubt.

01:14I'm here in Sunland, California to speak with an alternative journalist and author who believes we have an abundance of oil.

01:25When I say peak oil, what do you think?

01:28In one word, I would say scam.

01:36The entire notion of peak oil basically rests on the premise of oil being a fossil fuel.

01:43And my position, which is backed by a considerable amount of science, is that oil is not and never has been a fossil fuel, but rather is of abiotic origins, meaning that it is not a product of organic material, but rather is the product of processes going on deep within the Earth's core.

02:04And it is a continuous process that has gone on for as long as the planet's been in existence.

02:11So reply to the skeptic who might suggest, if oil is truly renewable, considering all of the scientists that work for all of the big oil companies, how could something like this be kept secret for over 100 years?

02:25That's a good question.

02:26It's actually only a secret in the West.

02:29It's not actually a secret in the East.

02:31The research on this, the groundbreaking research on this was done in the former Soviet Union, right in the immediate aftermath of World War II, when the Soviet Union realized that they were going to be pretty well isolated in the world and that their survival was going to depend on them coming up with their own domestic oil production capabilities.

02:53And at the time, it was believed that they had no real oil production capabilities.

02:58And so what they did was they launched what has been compared to the Manhattan Project in scope.

03:04It was a huge interdisciplinary study involving geologists, geophysicists, geochemists, thermodynamicists, you know, all sorts of different scientific disciplines.

03:14Sort of bent, you know, the top, the elite of each of these fields worked for a very long time to come up with this theory, which was first sort of formulated in 1951, I believe.

03:26It was tested.

03:27It was tested.

03:28It was refined.

03:29It was, you know, fine tuned until around like the early 80s.

03:33They had what was considered a final, a final accepted theory of abiotic petroleum origins.

03:41And since that time, it's been accepted as scientific fact in the Ukraine and in the former Soviet Union.

03:47Well, abiotic oil basically means that we can create oil out of inorganic matter.

04:01Craig, welcome to The Conspiracy Show.

04:03Oh, thank you for having me.

04:04Can you explain the abiotic oil theory to us?

04:07Well, abiotic oil basically means that we can create oil out of inorganic matter.

04:13You know, for years, we have believed that it was decaying dinosaurs and marshy swamps that were over time decaying.

04:21We looked at all the science that we found out of Russia.

04:24And we found out that there's a there's a competing theory.

04:27And by the way, both theories are that they're theories.

04:31They're not proven.

04:32Nobody has been able to prove the science in one direction or the other.

04:35But with experiments and with looking at just common sense, Richard, Jerry and I came up with the belief that oil is not scarce.

04:43It's abundant in the earth.

04:45We're never going to run out of oil.

04:47And we should be looking at the mechanics and the financial aspect of oil under that banner.

04:54There is no body of scientific research that you can find anywhere that supports the notion that oil is generated from fossils.

05:02It just doesn't exist.

05:03And the fact of the matter is that there are numerous properties, so to speak, of hydrocarbons that cannot be explained by the fossil fuel theory.

05:13For example, it's been reported that hydrocarbons exist on other planetary bodies.

05:19On Saturn's moon Titan is one of them.

05:22And NASA itself just announced a couple of weeks ago that there are hydrocarbons on our own moon.

05:29So when you come up with data like that, you're supposed to adjust your hypothesis.

05:34But that's never been done.

05:36Craig, you alluded to the abundance of hydrocarbons throughout the universe.

05:40For example, the discovery of hydrocarbons on Saturn's moon Titan.

05:44But talk to me about the evidence here on Earth that would support the abiotic oil theory.

05:50Well, you can look at the Dipper Donisk Basin or you can look at the Selgin Ring.

05:56But let's look at one particular area that we can look at in America that will give us a pretty good idea.

06:04We have what's called the Eugene Block Island 330 in the Gulf of Mexico.

06:09Now, this was a well that we drilled in 1972, a relatively shallow well.

06:13The scientists believed that about 60 million barrels of reserve has already pumped a billion barrels of reserve, Richard.

06:21And now doesn't look like this is ever going to run out.

06:24So the peak oil theory was challenged with Eugene Block Island 330.

06:29Also, you can look at scientists that have drilled deep wells that have drilled below the crystalline basin.

06:36Incredibly deep areas of drilling where no way in the world would source rock tell us that there were oil deposits.

06:43And yet we're finding out that there are vast amounts of oil.

06:46And I think common sense would lead us to the conclusion that if we've been pumping billions and billions and billions and billions of barrels of oil on a weekly, monthly and yearly basis,

06:57how in the world could we have the largest proven reserves in the history of oil continuing to find massive new reserves every day if in fact this is a finite supply of oil?

07:09The abiotic theory, this idea that there's some sort of something at the center of the earth and there's just oil gushing out of it.

07:16Well, even if that's true, it's not true in a way that is working out in physical reality.

07:22Find me some oil fields that are actually replenishing.

07:25On the one hand, we have proponents of abiotic oil who say oil is not a fossil fuel and it is in a virtual inexhaustible supply.

07:35On the other side, we have the peak oil theorists who say, yes, we are running out.

07:42In fact, we may already have passed the point of no return.

07:46We're here in Sebastopol, California, to speak with Matt Savonar and that's his perspective.

07:52Matt Savonar is the author of Life After the Oil Crash and the creator of lifeaftertheoilcrash.net.

07:58Matt, thanks for joining me.

08:00Thank you for having me.

08:07All the oil fields in the entire world have reached their collective peak.

08:11And once that happens from that point forward, production goes into irreversible decline.

08:16To illustrate that the U.S., which was the world's biggest oil producer and the world's biggest oil exporter as of the 1950s,

08:26its production peaked in 1971 and has declined since then at a rate of 2% to 3% per year.

08:33Even though the oil industry has put tremendous amounts of money and technology into trying to get the production back up,

08:40it's still gone down and it's at less than 50% of what it was 35 years ago.

08:46What do you make of proponents of the abiotic oil theory?

08:50The abiotic theory, this idea that there's some sort of something at the center of the earth and there's just oil gushing out of it.

08:56Well, even if that's true, it's not true in a way that is working out in physical reality.

09:02Find me some oil fields that are actually replenishing.

09:05They've gone back years later and found that these wells that were capped off as being dry holes have regenerated oil.

09:13Now the people who are into this theory, they'll point to this Eugene Island 330.

09:18Eugene Island 330 in particular, it regenerates so quickly, it regenerates as quickly as the oil is pumped out.

09:28So it has been described as a steady-state resource rather than a finite resource,

09:35which basically means that it's essentially an inexhaustible supply.

09:38We can keep pumping it forever.

09:40Eugene Block Island 330 in the Gulf of Mexico.

09:43Now this was a well that we drilled in 1972.

09:46It started producing 14,000 barrels of oil a day.

09:51Typical for the peak oil theory, it started diminishing in its production

09:56and it dropped all the way down in 1989 to about 4,000 barrels a day.

10:02Yet uniquely in 1990, the well started producing again 12,000 barrels a day

10:09and has since developed or produced 14,000 barrels a day.

10:13Well, if you do a Google Images search for Eugene Island 330,

10:16on the first or second page, you'll find a chart of the oil production of Eugene Island.

10:20It goes up and then it drops down and there's a slight little bump up

10:24and then it goes back down.

10:26And as of the year 2000, the production was down 70% from its peak.

10:31And yet there's people who go into the media and cite this as an example of a refilling field.

10:37And all of that, all of that, you know, the existence on foreign planetary bodies,

10:43the deep sources of generation, the migratory systems, the replenishment of oil wells,

10:49none of that can be explained by fossil fuel theory.

10:51It has no explanation for that.

10:53In fact, it stands in direct contradiction.

10:55But it is explained very reasonably by the abiotic theory.

11:00So it's quite obvious if you really look at the data that it's the other theory that's backed by the scientific data.

11:08It's not our theory.

11:10And yet, as you say, it's been effectively sold to not only to the American people,

11:16but to the Western scientific community for over a century now.

11:21And how have they gotten away with that?

11:24That's a good question.

11:26That one I don't really have an answer for.

11:28You know, the backup explanation is that we went in for the oil.

11:33And therefore, since we haven't gotten any of the oil revenue, the war's been a failure.

11:38But I disagree very strongly with that.

11:40I think it's been quite successful because I don't think that we were going in there to take their oil.

11:45I think we were going in there to set on the taps.

11:47Dave, if word ever got out to the general public that oil was virtually inexhaustible as a resource,

11:58think, what are the implications?

12:00The price of oil could plummet.

12:02The dollar that's pegged basically to the price of a barrel of oil would plummet.

12:06It could throw us into economic chaos.

12:09So maybe those people that are propagating this myth of peak oil,

12:15maybe they're onto something.

12:18Maybe, but I just, I don't know.

12:21I just don't really see it.

12:23I mean, all the research that I've done tells me that it is simply not true,

12:30that it's just a scare tactic that is being used for a variety of reasons,

12:37to justify, you know, endless war basically.

12:41And in the future possibly to justify a major depopulation program

12:47and various other things that we, you know, may not even be aware of yet.

12:52We've gone to war and it just so happens that we've gone to war in the areas where there is the 65% of what is left is located.

13:02Well, I'm not sure I buy into the premise that we have wars over oil, quite frankly.

13:07I mean, you know, you look at Iraq.

13:10I mean, if we did it over oil, we did a horrible job because oil was trading for 30 some odd dollars a barrel before we went into Iraq.

13:17And now it went up to $147 and it's currently at $84.

13:22When we first went over into Iraq, one of the things that we were told was that it would be a self-financing war basically,

13:30that it wasn't going to cost us a penny because as soon as we get in there, we take control of the oil fields,

13:34we pump out their oil, we sell it.

13:36And, you know, the American people aren't even going to have to pay for this war because we can finance it with Iraqi oil.

13:42Well, that's never happened.

13:43You know, we've been there for, what, eight years now and that's never happened.

13:47So, you know, people, you know, the common perception is that the war has been a failure

13:54because, you know, if we didn't go in looking for weapons of mass destruction,

13:59I think most people that don't watch Fox News, you know, realize that now, you know.

14:05So, you know, the backup explanation is that we went in for the oil.

14:10And therefore, since we haven't gotten any of the oil revenue, the war has been a failure.

14:15But I disagree very strongly with that.

14:17I think it's been quite successful because I don't think that we are going in there to take their oil.

14:22I think we are going in there to set on the taps.

14:24And I think that's why we're in Central Asia as well.

14:27We don't want to take those resources.

14:30We want to set on the taps to make sure that nobody else gets to it.

14:35Think about it this way.

14:36Let's say we're on a spaceship and there's a hundred passengers and the pilot says,

14:42gets on the intercom and says, hey guys, I've got good news and bad news.

14:46The bad news is there's a hundred of you, but there's only enough oxygen for 98 of you.

14:50The good news is we're going to auction off the remaining oxygen based on who can pay the most.

14:55So the price is going to go up by 300%.

14:58Well, oil is to an industrial economy what oxygen is to that spaceship.

15:04So the crisis is here.

15:06It's just not widely distributed.

15:08So people such as myself who were writing about this back as early as the fifties said,

15:13you know, sometime after the year 2000, we're going to see major issues with the oil supply.

15:18And when that happens, we're going to see wars break out and we're going to see economies collapse.

15:24And we're going to see prices spike.

15:26Well, we've got major oil wars breaking out.

15:29We've had the economy collapse and that the current economic collapse was directly related to the price of oil.

15:36Now, can you imagine if your gasoline prices were half as much in Canada right now or in America

15:41or a factory that say is producing products here in America?

15:45Let's just say General Motors, for example, the energy that they use.

15:48What if that bill became half overnight?

15:50Cheaper energy prices would have a profound impact on this economy.

15:54Look at what created all the great growth in America at the turn of the 19th and 20th century.

16:00I would hope that there would be considerable outrage from the American people if it were ever, you know, widely publicized that we've been, you know, completely misled for a very long time about something that is so basic to our existence.

16:15Because, I mean, our entire, like I said, our entire economic system, the entire global economy rides on oil.

16:22You know, everything comes crashing down if we do, in fact, run out of oil.

16:27If it's proven that that abiotic oil is, in fact, where our oil comes from, then clearly we have been scammed.

16:33But, you know, it's kind of like global warming.

16:35There's a group of scientists that are absolutely convinced that the Earth is heating up and, as a direct result, the tides are going to rise and blah, blah, blah.

16:44Dave, how does the BP Gulf of Mexico oil catastrophe fit into this whole scenario?

16:51It's an excellent question, one that I've been grappling with.

16:55My initial thought was that it was a ploy to stir up so much outrage, both nationally and internationally, that it would lead to a complete ban on any drilling in the Gulf of Mexico.

17:10I'm not a big conspiratorial guy.

17:13You know, I don't wear a tin hat and look for black helicopters.

17:17But I am very suspicious of the timing, Richard.

17:20And it's funny that you brought it up.

17:22But Jerry and I both called each other after that.

17:24And we found it ironic, suspicious.

17:27Call it what you want in the timing.

17:29But, by golly, the way the reaction came down from that.

17:34I mean, think about it.

17:35We had lifted a number of bans.

17:37We were going to go out and start pursuing oil all over America

17:40because we were so upset when oil hit 147 barrels two years ago.

17:46And we had all this energy to go out and find oil and let's produce domestic sources of oil.

17:53And then that BP spill hit and we saw the pictures of the birds and we saw the pictures of the devastation.

18:00And next thing you know, it was all hands on deck.

18:03We're not going to pursue oil in America.

18:05None of these people have come right out and said like what criteria they're going to use to decide who, you know,

18:12who gets to keep eating and who doesn't.

18:18The abiotic petroleum theory contends that oil is generated by natural processes inside the Earth's magma

18:25and thus is in virtual inexhaustible supply.

18:28The more mainstream theory contends that oil is an organic fossil fuel

18:33and is deposited in finite quantities near the Earth's surface.

18:37Both sides present compelling evidence for their arguments.

18:40It's actually possible and there are many reputable people who believe that we have peaked sometime in the last three years.

18:47Other folks think maybe it'll be 2012, 2015, 2020 at the absolute latest.

18:53But the more data that comes out, the more it looks like we're right in the peak right now.

18:59None of these people have come right out and said like what criteria they're going to use to decide who, you know,

19:05who gets to keep eating and who doesn't.

19:07But there is a general consensus among the peak oil crowd that the result is going to be major, of major significance.

19:17If oil is abiotic, that means we've all been duped, the victims of one of the greatest conspiracies of all time.

19:24If oil is in limitless supply, why are we paying so much at the pump?

19:30Scam is the word that first comes to mind.

19:35A two to three percent shortfall between what we need and what's available is enough to send the price up by three to four hundred percent.

19:44There's a group of people in America that truly believe that if you can get the taxes high enough on oil

19:50or you can get the price high enough on oil, it will start to reduce consumption, which it does by natural course, obviously.

19:56People can't afford to spend more than they earn unless you're the federal government, of course.

20:01Why are soldiers fighting and dying in imperial adventures overseas, which seem clearly to be about securing and controlling what we're told is a scarce resource?

20:10When the U.S. cut Japan off from its oil supplies back in 1941, Japan went to war.

20:16OK, what has the U.S. done in the last seven to ten years?

20:21If oil is an organic fossil fuel and we are running out, the implications could be catastrophic.

20:27The world economy, agriculture, pharmaceuticals, our very existence is inextricably linked to oil.

20:34As the great Spanish novelist Miguel de Cervantes wrote, ultimately, the truth will rise above falsehood, as oil above water.

20:44Now we'd like to know what you think.

20:46You can contact us here at The Conspiracy Show through our website, www.theconspiracyshow.com.

20:53In the meantime, don't be afraid.

20:56Move over, Aphrodite. I'm coming home.

21:29To be continued...