Y'all are so mean beating up that poor conspiracy theorist. Now he knows we're all part of the plot too.
Well, he is right about the well plugging. Virtually every well ever plugged is making some oil/gas at the time. As mentioned, it wasn't making a profit but let's not spoil a good consiracy with facts. Actually, under most leases, as long as the well is netting $1 a month you can perpetuate the lease. Even if the well isn't making any money it is holding the lease. Eventually the operator, or someone else, may come up with another well to drill on it. It also costs $3000 to $10,000 to plug a well so if an operator can put it off for a while he's happy.
I always love the "tankers circling in the ocean" story. Ignore the fact that those tankers cost a lot to just have them run idle, if the oil companies want to hold crude off the market to run prices up all that have to do is reduce production at the well head or not buy as much imported oil. Despite some general misconceptions, the oil comapnies are not public utilities. They are free to produce or buy as little oil as they want. The worse penalty they could suffer would be to hurt their public image. I'm sure that fear would keep them awake at night.







$this->bbcode_second_pass_quote('zoidberg', '.')..energy resource merely refers to the fact it's a resource we can gain energy from as opposed to manufacturing hydrogen.