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Abiotic Oil

Fifty miles off the coast of Nantucket, 250 feet beneath the Atlantic, lies the RMS Republic and her secret treasure. As soon as Republic sank, rumors spread of a precious cargo, but the ship has kept her secrets intact for over a century, until now. Life-long treasure hunter Martin Bayerle joined Connie Willis (email) for all four hours to discuss how he has devoted the past 35 years of his life researching the shipwreck and proving the existence of her reputed cargo of 150,000 American Eagle gold coins, a bounty worth a billion dollars in today’s economy, and his quest to recover the it on his second attempt at the Republic.

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Abiotic Oil

Show Archive
Date: Wednesday - October 26, 2005
Host: George Noory
Guests: Jerome Corsi, Craig R. Smith

Appearing for the entire four-hour program, Jerome Corsi and Craig R. Smith, the co-authors of Black Gold Stranglehold, shared the contention that oil is continually created deep inside the planet, and doesn't stem from dinosaurs or decayed matter (i.e. fossil fuel). Accordingly, there is an abundance of this material and the so-called scarcity is a marketing ploy to charge higher prices, they said.

The Russians developed the "abiotic" (non-biological) theory of oil back in the 1950's and the idea in recent years was put forth by Dr. Thomas Gold, a professor at Cornell University. Corsi and Smith also argued that global warming is unrelated to the burning of hydrocarbon fuels, citing that carbon dioxide is less than 1% of the atmosphere. We haven't had a new oil refinery built in the U.S. in the last 30 years, said Smith who blamed environmentalists for discouraging these efforts.

The U.S. could lower its reliance on foreign oil by drilling offshore and in Alaska, and Corsi and Smith suggested that there is no shortage of supply, if we dig deep enough. They also were in favor of the increased usage of nuclear power, using the latest technology to increase safety. The second half of the show featured callers with questions for the guests.

Bumper Music

Bumper music from Wednesday October 26, 2005

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