Peak Oil Myth: The Scam That Keeps Us Addicted to Panic and Profits
May 1, 2025
The “peak oil” myth is just recycled Malthusian fear. For over two centuries, elites have cried scarcity to spook the masses—every time, they’re wrong. But the lie works. People panic. Profits surge. And the con rolls on.
The term “peak oil” was engineered to sound scientific, inevitable, like gravity. But it’s not a geological certainty. It’s a narrative. A deliberately manufactured story designed to control perception, drive prices, and keep the global economy shackled to artificial scarcity.
We’ve been told for decades that oil production would hit a ceiling, after which decline would be irreversible. This theory—popularised by M. King Hubbert in the 1950s—predicted U.S. oil output would peak by 1970. When it did, panic ensued. What didn’t they mention? Oil output later surged again with new technologies and deeper drilling, shattering the premise.
So why does the myth still dominate headlines, influence policy, and shape economic strategy?
Because the real energy crisis was never about geology—it was about control.
The Soviet Breakaway: Abiotic Oil and the Rejection of Scarcity
While the West doubled down on the fossil fuel narrative, Soviet scientists were operating on an entirely different framework. Led by geologist Nikolai Kudryavtsev in the 1950s, Soviet oil exploration adopted the abiotic oil theory—the idea that hydrocarbons are generated by inorganic processes in the Earth’s mantle, not from decomposed biological material.
The Soviets didn’t just theorise—they acted. They developed deep-drilling programs that tapped into oil fields far below what traditional fossil theories considered viable. The results?
- Dnieper-Donets Basin: Considered geologically “sterile,” this Ukrainian site was one of the Soviet Union’s most productive oil regions, reaching depths of 6–8 km.
- White Tiger Field, Vietnam: Discovered by Soviet engineers, this offshore field also defied fossil logic by producing oil from granite basement rock, far below sedimentary layers typically associated with fossil fuels.
Soviet success under the abiotic model wasn’t philosophical—it was tactical. They bypassed the constraints of the scarcity model, drilled where Western companies wouldn’t even consider, and found oil in places that should have been dry by fossil logic.
Reservoir Behaviour: The Biotic Model Breaks Down
The fossil fuel theory posits that oil forms in organic-rich sedimentary basins and remains trapped until it is extracted. But real-world reservoir behaviour increasingly defies that simplicity.
- Eugene Island 330 (USA): Once believed to be in decline, this oil field unexpectedly surged in output in the 1990s. Seismic imaging revealed oil migrating upward from deeper zones—replenishing the reservoir.
- Romashkino Field (Russia): This major oil field, in operation since the 1940s, should have long been dry if the biotic model were accurate. Yet it continues producing due to deeper oil inflows.
- Panhandle-Hugoton Field (USA): Another old field with renewed flow rates attributed to migration from below the original production zones.
In these and other cases, oil isn’t acting like a static fossil deposit. It’s behaving like a dynamic geofluid, generated at depth and migrating upward through fault lines and fractures. That directly supports abiotic processes and undermines fossil assumptions.
Scarcity as Strategy: Psychological Warfare Through Resource Control
Oil scarcity isn’t just a theory—it’s a tool. And it’s been weaponised with surgical precision.
- The 1973 Oil Crisis: Manufactured scarcity led to mass hysteria, economic instability, and policy overhauls. OPEC supply cuts weren’t about geological shortage; they were geopolitical leverage, made worse by Western fear-peddling.
- 2000s Peak Oil Panic: As prices soared to $147/barrel in 2008, analysts invoked peak oil hysteria again. But the real driver was speculative frenzy, not geological fact. Shortly after, fracking and horizontal drilling technologies exploded U.S. production, disproving the premise once more.
This is the cycle: invent scarcity, profit off panic, suppress counter-narratives.
Why does it work? Because the average person isn’t drilling wells—they’re reading headlines. If institutions and experts repeat “peak oil” enough times, it becomes a mental shortcut. Scarcity equals value. Threat equals control.
And so, markets are kept volatile. Governments remain energy-dependent. And alternative views—like abiotic oil—are buried under the weight of media orthodoxy.
The Replenishing Wells: Real-Time Evidence Oil Isn’t Dying
The strongest challenge to peak oil comes not from theory, but from the earth itself.
- Eugene Island 330: Replenishing rates were so bizarre that the U.S. Department of Energy funded multiple studies. MIT’s Jean Laherrère remarked that the field “appeared to be refilling from somewhere below.”
- LaBarge Field, Wyoming: Produces oil, gas, and helium—another deep-earth marker. The gases are geochemically traced to mantle origins.
- Kola Superdeep Borehole: Although no oil was struck directly, the borehole encountered unexpected water and hydrocarbons at depths where life should not have existed. It confirmed that deep Earth chemistry is far more complex—and fertile—than fossil logic suggests.
If oil is being formed in the mantle and slowly migrating upward, then the question isn’t whether oil is running out—it’s how much is being created and how fast.
Scientific Proofs You Don’t Hear About
- Kutcherov’s Lab Results: Dr. Vladimir Kutcherov (Royal Institute of Technology, Stockholm) replicated hydrocarbon formation under mantle-like conditions. Using iron oxide, calcium carbonate, and water under high pressure and heat, he produced methane and heavier hydrocarbons—no organic material involved.
- Hydrocarbons on Titan: Saturn’s moon Titan has lakes of methane and ethane. No life. No fossils. Just abiotic hydrocarbons. If it happens in space, why not on Earth?
The science isn’t hidden. It’s ignored. Not because it’s wrong, but because it’s inconvenient.
Interesting factoid
Hubbert’s Peak Oil Flop:
Hubbert said global oil would peak in 1995. Instead, prices plummeted to $10, and the world continued to pump. If his model were right, oil would be $ 200 or more today. Instead, it’s proof that fear sells better than accuracy.
What an Infinite Oil Supply Means for the Future
Let’s be clear—abiotic doesn’t mean limitless. But it does mean self-renewing at geological timescales. If oil is continuously generated in the mantle, then the foundation of modern energy policy—scarcity—collapses.
- Climate Policy: If oil isn’t dying, then the urgency to replace it shifts from panic-driven substitution to thoughtful diversification.
- Technological Development: An infinite supply breaks the back of artificial scarcity, creating price stability and making energy innovation more rational, rather than reactive.
- Geopolitics: Nations no longer need to fight over reserves. Energy independence becomes geological access, not petrodollar allegiance.
Most critically, it removes fear as a governing force. The fear of running out. The fear of collapse. The fear used to justify intervention, inflation, and compliance.
Conclusion: Scarcity is a Story—Oil is a System
The idea of “peak oil” has always served one purpose: to keep us addicted to panic and profits.
Meanwhile, the Earth keeps producing. Reservoirs refill. Data accumulates. And the walls of the fossil narrative continue to crack.
Scarcity, as we’ve known it, is not an inevitability. It’s a construct. And when that construct breaks, so does the machinery built upon it—corporate monopolies, manipulated markets, and entire energy policies based on fear.
This is not fringe thinking. It’s a call to look harder at the ground beneath our feet—and question why we were ever told it was running dry.
Finite is settled science.
Horizontal drilling and fracking made most of the difference. Technology has always won out. The Middle East, Russia, Nigeria, and all other countries overdependent on oil income are in trouble.
A preferable energy source is natural gas which is even more abundant, and is cleaner. “Renewables” can only compete when subsidized. There will be no energy crisis for over a hundred years, and then we have methane hydrates and superior technology.
If you believe this I have a magic check book to sell you that lets you write in any amount you want.
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