Oil is abiotic. They could uncap the wells and I bet they are full of oil again. Oil isn't made from dinosaurs. That's a joke to make you think it's a finite resource.
Cartels are used to eliminate competition and control supply (thus driving up prices). For truly scarce resources there is no need for cartels, and the cabal usually opts for a monopoly of a single entity control.
Without OPEC and the EPA restricting oil production, the price would rapidly drop to nearly zero (or cost of production) as competition brought more online.
I remember being at the Beverly Center mall in Beverly Hills and locals saying that there were oil wells hidden in buildings to look like regular structures... a quick search seems to confirm this. So, not too far from Venice. Oddly enough the Beverly Hillbillies struck gold elsewhere and moved to Beverly Hills... Hmmm...
While The onshore oil may be depleted, offshore California still has vast reserves that are not drilled due to California government blocking drilling.
Oil is abiotic. They could uncap the wells and I bet they are full of oil again. Oil isn't made from dinosaurs. That's a joke to make you think it's a finite resource.
Yes! In fact, it was a Rothchild that lobbied to use the term "fossil fuel" to denote a sense of scarcity.
Fuckin A. Those bastards have completely turned our world into one giant lie.
Cartels are used to eliminate competition and control supply (thus driving up prices). For truly scarce resources there is no need for cartels, and the cabal usually opts for a monopoly of a single entity control.
Without OPEC and the EPA restricting oil production, the price would rapidly drop to nearly zero (or cost of production) as competition brought more online.
This is what Trump was showing us with that day when the price of oil was actually negative (4-19-20). I suspect this was the day he filled up the Strategic Petroleum Reserve. He made the price manipulators pay for it, effectively. 5D Chess, IMO: https://www.marketwatch.com/story/oil-prices-went-negative-a-year-ago-heres-what-traders-have-learned-since-11618863839
Do have any links on how it renews and at what rate? I have been unable to find more details on this.
I remember being at the Beverly Center mall in Beverly Hills and locals saying that there were oil wells hidden in buildings to look like regular structures... a quick search seems to confirm this. So, not too far from Venice. Oddly enough the Beverly Hillbillies struck gold elsewhere and moved to Beverly Hills... Hmmm...
There's one on the Beverly Hills high school campus.
Whales troll that beach.
While The onshore oil may be depleted, offshore California still has vast reserves that are not drilled due to California government blocking drilling.