posted on Apr, 15 2005 @ 04:46 AM
I think that one of the most important things about the Abiotic Oil vs. Peak Oil debate is that, as with any issue involving the interests of industry
and corporatism, the bottom line is money. It always has and always will be about the money.
One of the most common charges levelled against Peak Oil theory is that it is propagated by oil companies to justify price rises in oil and thus
greatly increase their revenues, eventually possibly holding the industrial world to ransom with exorbitant oil prices. I don't believe that it is a
scare story, especially not one that a sane oil company would use.
Now I will not refute the idea that corporations conspire and manipulate; of course they do, they can be vile in their pursuit of money. But in this
instance, I feel the charge is somewhat inaccurate, and overlooks one key factor on particular: -
As I'm sure you would all agree, All corporate activity occurs with its base axiom being the accumulation of capital and the value of its stocks, and
therefore a company is only as good as what it, or its shares are worth in dollars on a given day.
Now lets consider the idea that these oil companies are behind the advocacy of Peak Oil as a scare story. Lets get this straight - oil companies want
to put panic into the industrial world, into the public domain, tell them that oil is running out, so that they can charge over-inflated prices for
Lets also then consider the fact that the manufacturers, the people etc are also investors – the people who hold, buy, sell and therefore dictate
the value of oil and all other corporations. Lets also consider that investors move in droves on important market news, after all, its in their
If the oil companies were to put a scare story out, like Peak Oil; and suggest that their business, along with the global economy was racing toward
the edge of a cliff – and it hit home with the majority of people – how do you think that would affect their share price? Surely investors would
run a mile, you’d have a rapid capitulation of oil stocks, pretty much ruining the oil companies.
In short, it would be suicide for an oil company to propagate peak oil.
You can bet your bottom dollar that these people definitely do not want to scare people, and more importantly, shareholders and investors with peak
Given that, I would infer that it is more likely that it is the Aboitic Oil theory that is the propaganda of the oil companies. If true, it would add
confidence in the long term future of oil, attracting investors, rather than scaring them off.
Even if the Aboitic Oil theory is correct, as Seekorf succinctly pointed out, oil demand will eventually outstrip the rate of abiotic ‘refilling’
of oil fields. At best, abiotic replenishment will provide a cushion, slightly prolonging the onset of a Peak Oil scenario.
[edit on 15-4-2005 by Paul]