useyourbrain

Oil Shocks, and What They Hold for the US Economy

Of course , you are right, because every truth has 2 sides.
If you say "..industry geologists greatly dispute this theory, and they're the one's getting paid to find the oil." you just need to ask yourself why is it so.
Who says they did not find the oil?
First, drilling and exploration is very expensive process which means it can be payed only by big companies. And nowadays they earn more than ever. Why would they drill and deliver more oil to the market? Why??
Isn't it more reasonable to deliver e.g. 1 million barrels for 130US$ per barrel rather than 10 million for 13US$ per barrel? This is a simple projection and am not taking the expenses and costs of everything else, of course. In such way with low cost and on long term they can deliver expensive oil to us and have us "on a leech".
This is also good moment for nuclear lobbies and their interests are considerable at the moment. Despite people are talking nuclear and oil lobbies are competitive, don't be fooled, they are playing the game together and as energy consumption rises there is plenty of room for all of them.
The real answer to them would be turn to saving energy mode, "green energy" and new sources of energy that could be used. Am not saying it is short term and easy and not expensive , but probably the only way...because on the other hand we have troubles with climate and global changes like global warming etc., already.
Some of the methods were found but carefully hidden from the public, because as it was said: "who has the energy rules the states and who has food rules the people".