Juan Cole's SELECTIVE RECOLLECTION & OIL SCAM!!!

MEXICO AINT RUNNING OUT OF SHIT!!!
Focus on Venezuela!!!
Palast provides information showing the country may be of far greater strategic importance to the US than we likely realized. It all relates to a somewhat arcane theory called Hubbert's peak that many readers may not know about or understand well if they do. Before reading Greg's book, I knew about it but didn't understand it as well as I do now.
M. King Hubbert was a well-respected geologist of his time who on March 7, 1956 published a research paper explaining his notion of "peak oil," the amount of total reserves likely to be available, when production would peak, and when we would likely exhaust a finite supply. Ever since his report came out, it's been held up as gospel by many who follow the oil market. The essence of the Hubbert theory, whether we accept it or not, was that "peak oil" would be reached around this year. However, in fact, production rose every year since Hubbert's prediction and new discoveries of oil have so far kept pace.
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US instigated serious trouble is heading toward Venezuela and maybe harsher than we might expect. Venezuela's likely total oil reserves are potentially so great that the country has to be the grandest of grand prizes for the US. It's a virtual certainty the US will do anything it takes to try to seize and control it.

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