Experts estimate that Americans consume more than 25 percent of the world's oil but have control over less than 3 percent of its proven oil supply. This unbalanced pattern of consumption makes it possible for foreign governments, corrupt political leaders, terrorist organizations and oil conglomerates to hold the economy and the citizens of the United States in a virtual stranglehold. There is no greater proof of this than the direct relationship between skyrocketing gas prices and the explosion of wealth among those who control the world's supply of oil. In Black Gold Stranglehold, Jerome R. Corsi and Craig Smith expose the fraudulent science that has made America so the belief that oil is a fossil fuel and that it is a finite resource.
Corsi is mostly known for his books against Democratic presidential candidates John Kerry and Barack Obama, that were published in the years of presidential elections.
Corsi has discussed topics that are considered conspiracy theories, such as the alleged plans for a North American Government, the theory that President Barack Obama is not an American citizen.
A dated overview of the geopolitics and economics of oil. The book has numerous egregious errors of fact and prose that indicate very hasty, poor or non-existent editing. The book was published in 2005 and thus missed-out on the fracking revolution of the past 5 years.
There were some interesting facts to be had and the author promulgates the theory that oil is abiotic in origin and potentially an unlimited resource.
Not a bad introductory read for those who know nothing about the economics of oil and likes to curse the oil companies.