Published: November 07, 2005
Forget Everything You Think You Know About Oil
Black Gold Stranglehold
If you believe that oil is a fossil fuel, be prepared to have your thoughts turned upside down. If you believe that the U.S. has no choice but to rely on foreign oil until we ultimately run out of the precious resource, prepare to be challenged by new views that "have the opportunity to help give birth to a new generation of oil politics and economics."
Releasing nationally on November 8, 2005, Black Gold Stranglehold: The Myth of Scarcity and the Politics of Oil by Jerome R. Corsi and Craig R. Smith, explores and debunks some of the popular myths surrounding the international and domestic politics of oil production and consumption to provide Americans with beneficial information while being held in a virtual stranglehold at the gas-pumps.
In Black Gold Stranglehold, Corsi and Smith expose the fraudulent science and irresponsible politics that have been sold to American people in order to enslave them. By debunking several myths, Corsi and Smith provide an outline for progress that would help to establish America as energy-independent.
Be prepared to be challenged by:
The Myth of Fossil Fuels: Smith and Corsi reject the contention that oil was formed from the remains of plans and animal life that died millions of years ago. Instead, they believe in Thomas Gold's argument that oil is abiotic: "a primordial material that the earth forms and exudes on a continual basis" and is "pushed upward toward the earth's surface by the intense pressures of the earth's core and the influence of the centrifugal force that the earth exerted upon the specific gravity of oil as a fluid substance."
The Running-Out-Of-Oil Myth: Smith and Corsi cast aside the 1970s scientific study known as Hubbert's Peak which predicted that we would exhaust oil reserves by 2003 has since been proven false. We are currently sitting on "more proven petroleum reserves than ever before despite the increasing rate at which we are consuming petroleum products. New and gigantic oil fields are being discovered at an increasing rate, in places the fossil fuel theory would never have been predicted as possible."
The Folly of Oil Conservation: Smith and Corsi present and document how no alternative energy option has been able to provide enough energy and how each alternative has been deemed uneconomical.
Oil Playing a Part in the Illegal-Immigration Problem: Smith and Corsi chronicle the United States imports virtually all the oil Mexico exports. Mexico has the third largest proven reservoirs of crude oil in the Western Hemisphere behind Venezuela and the U.S. The United States imports virtually all the oil Mexico exports. Consequently, "the U.S. government finds it difficult to take a systematic, hard look at the nearly free flow of illegal immigrants coming across our southern border. As a hedge against instability in the Middle East, the U.S. government has to calculate our oil needs when considering any steps we take regarding Mexico or illegal immigrants."
The Value of the Dollar and Its Effect on Terrorism: Smith and Corsi shockingly reveal how "in recent years the buying power of the dollar has decreased 40 percent on the average against all major foreign currencies. Since dollars can no longer be exchanged for gold, no hard, fixed commodity stands behind the U.S. international payments, including oil purchases." Osama bin Laden's "war against America was fueled by his belief that the U.S. has stolen the oil of Muslim countries. At the core of the issue is bin Laden's perception that America has paid for oil, a hard commodity, with paper dollars that are no longer backed as they once were by the hard commodity of gold."
How high the price of oil? Smith and Corsi contend that "the U.S. oil industry is sitting on a quantity of oil reserves that has never been higher. Still, we have built no new refineries, and the refineries in operation are producing at or near capacity. The picture that emerges is one of industry conglomerates simply sitting on large reserves and waiting for oil prices to go even higher. At some point, increased gasoline prices become an inevitable drag on the economy."
Terrorism and Its Threat to Oil: Smith and Corsi affirm that terrorists are "willing to bet that the U.S. will not be able to afford politically or economically a protracted global war against radical Islamic terrorism. Terrorists, like governments determined to impose price controls on oil, act to disrupt free markets. In doing so, they clearly understand the economic harm they can inflict."
Smith and Corsi believe that America can and will become energy independent if some steps are taken to correct the aforementioned problems. In addition, they not only meticulously present the problems facing American oil interests, but have developed a seven-step action toward U.S. oil independence by:
1. Promoting scientific research to investigate alternative theories.
2. Expediting leases offshore and in Alaska to encourage oil exploration.
3. Providing tax credits for deep-drilling oil exploration.
4. Creating an oil research institute, a clearinghouse of oil industry information.
5. Developing a public broadcasting TV series devoted to the oil industry.
6. Reestablishing a gold-backed international trade dollar.
7. Establishing tax incentives for opening new refineries in the U.S.
In the end, Black Gold Stranglehold not only provides solutions, but it will empower consumers and oil industry professionals to drastically change the debate about oil. This book is sure to cause thoughtful people to reconsider the U.S. dependence on foreign oil and its effects on our economy.
CRAIG R. SMITH is the president and CEO of Swiss America Trading Corporation, one of the largest and most respected investment firms in the U.S. Smith is an author, commentator and economic analyst who instantly engages audiences with his common-sense perspective on national and global economic trends. Over the past two decades he has been interviewed on over 1,500 radio and TV programs including: FOX News, CNN, CNBC, ABC, NBC, CBS, PBS, TNT, CBN, TBN, Time, The Wall Street Journal, The New York Times, Newsweek and World Net Daily. He currently resides in Phoenix, Arizona.
JEROME R. CORSI received a Ph.D. from Harvard University in Political Science. Over the past twenty years, Dr. Corsi has developed financial services companies with a leading expertise in the sales of insurance and securities products and services in the bank marketplace, both nationally and internationally. He has written many books and articles, including the New York Times bestseller, Unfit for Command (Regnery Publishing Inc., 2004) as well as Atomic Iran (WND Books, 2005). Dr. Corsi is also an expert on political violence and terrorism. In 1981, he received a Top Secret clearance from the Agency for International Development, where he assisted in providing anti-terrorism/hostage survival training to embassy personnel. He currently resides in New Jersey and commutes regularly to Washington, DC.
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