Every time I bring up Thomas Gold, I’m told it is baloney.
Well one thing’s for sure. Nobody’s talking peak oil any more.
Peak oil is an economic turn. We leave most of the oil in fields underground.
Put the price at $20 and see how much is produced. At current prices, it is a falling production rate in the US. Put the oil price back at $100 and far more is produced.
‘Peak oil’ is very much still the operating theory for the world’s elites.
I’ll give you a simple assignment. The United States is filled with depleted oil fields, from New York to California, Alaska to Texas. The fields are there because they are traps of varying types. Anticlines, fault-line, unconformity, stratigraphic, etc. Show me one of them that has suddenly been recharged and then returns to flush production. Just one.