Cutting the world’s economic jugular veins

…Oil is primordial, plentiful and abundant. ”Peak Oil” theorists and Malthusians have been consistently incorrect in their ”running out of oil” predictions in the past, and they will continue to lose credibility in the future. Why?

With every new deep-oil discovery, such as Chevron’s giant oil reserve in the Gulf of Mexico last week (which is expected to boost the U.S. oil supplies by as much as 50 percent!) the “Peak Oil” theory moves closer to extinction

…Now, the upside of higher oil prices is that big oil has a much greater incentive to drill deeper than previously thought possible (as deep as 7 miles into the earth) to discover the oil reserves that may help in establishing U.S oil independence.

Geopolitical threats by Iran’s leadership have played a large role in spiking oil prices as the evidence confirms they will not stop until they acquire nuclear weapons.

WorldNeDaily