Ian R Crane is an ex-oilfield executive who now lectures, writes and broadcasts on the geo-political webs that are being spun; with particular focus on US Hegemony and the NWO agenda for control of global resources.

The price of oil in 1999 bottomed at $9.81 per barrel; a figure that was considered to be far too low to sustain an appropriate level of investment in the industry. The US oil industry was also concerned that if Iraqi oil came back on full stream any time soon, it could depress prices even further.

All that said, I do not advocate a continuation of ninety million barrel per day consumption … but who do you think owns all the patents on alternative energy? The oil & gas industry has much to answer for but by touting and perpetuating the myth of peak oil, my ex-colleagues in the oil industry are laughing all the way to the bank, ...