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IPFS News Link • Energy

Fossil Fuel? Or Not?

• https://www.lewrockwell.com, By Mark Reynolds

The other day while listening to Tucker Carlson, he used the term "fossil fuel" which seems to still be in common use when speaking of where oil comes from. WHY did he use it?

It was typically understood for a long time that oil and gas was supposedly formed from the remains of "prehistoric" plants and animals buried millions of years ago. Thus the term "fossil fuels". Now we know that oil and gas can be formed abiotically through subterranean heat and pressure, and that the Earth contains a virtually endless supply – oil really is a "renewable" energy. Why is this not common knowledge? Is it to keep the price of oil high by making people BELIEVE it is rare and non renewable?

Back in 2008 the oil industry conference in Dallas precipitated a new war between OPEC and Russian and Canadian oil field operators. It appeared to have been a fight to the death because of shrinking petroleum markets. Fuel cell futures collapsed and the price of platinum reached its lowest level in 15 years.

After weeks of rioting, Saudi Arabia was in a state emergency.. Thousands of immigrant workers who had been laid off from their jobs were demanding to be sent home, primarily to  India and Pakistan . Locals were said to be lining up to join extremist groups and the police seemed to have lost control of some of the major cities.


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