United States used to be the biggest oil producer of the world for almost 50 years. United States used and wasted it's oil reserves without any worry about tomorrow. In the early 60's United States started to run out of oil. The cap between consumption and Us production became bigger all the time. And at the same time known oil reserves started to shrink. Especially in United States Us Power keepers didn't give a shit about the cold facts from the real life. They increased the amount of imported oil. 

At the same time they started to manipulate oil price. Just like they tried to do in the year 2010, with the help from Us Movie Medias and payroll Bosses. Although the world was running out of oil, the price of the oil barrel was steady and extremely low.

The cheap oil attracted people and companies to use oil to almost everything. During the cheap oil era, the consumption of the oil rose into sky high  levels.

Suddenly in the beginning of the 70's United States run out of oil. The big oil reserves in Texas dried in few years. The production fell about 25%.

Since the consumption remained unchanged, the countries and oil companies had to buy oil somewhere. The Arabs who had big oil reserves, didn't have enough drilling capacity. So the lack and desperate need for oil, forced buyers to bid and pay more from the oil. 

The freely formed higher price had also consequences. It made for example oil under the North Sea worth drilling. Before the crisis, drilling oil from hard-to-get areas cost more, than you got from the drilled oil and oil products. Unlike it is said in public and in movie medias, North Sea oil reserves were discovered already in the mid 60's. But oil was too cheap for making the drilling profitable.

If US Power keepers didn't manipulate the oil price as long as they could, the higher price would have opened hard-to-get areas smoothly, without the crisis.

From the chart you see how the oil reserves started shrink in the early sixties.
From the chart below you see, how at the very same time the production and
increased heavily. United States used most of the drilled oil by itself. 
The total from these two factors is the oil consumption. 

In the early 60's the consumption was only 8 million barrels per day. 
When the oil crisis began consumption had risen to 11 million barrels per day. 
In the year 2011 Us Consumption was almost 20 million barrels per day.
The worldwide consumption is around 80 million barrels per day.

During 70's the required new production capacity outside United States  rose suddenly. Without a warning from United States, the required hike was around 4 million barrels per day.

US Power Keepers, Oil Companies and others naturally knew, that they are running out of oil ( these stats are and were public ),  but they didn't care.

In the 60's and 70's drilling was made by big western oil companies. After United States run of oil, the companies like Exxon, Shell, Bp, etc should have built and eventually built the new capacity to the remaining oil countries. The oil companies had reserved all existing oil discoveries from these countries to their own use, and their drilling stations. Arabs got money from the oil with taxes, provisions and wages ( which were paid to workers ), and services ( which were sold to drilling stations ). Just like most of the countries are still gathering money from the oil.

- - Base for conspiracy theories and stories - -
28th Nov 2018

In early 1970s USA made a strange alliance with Israel and Jews. In 1960s Israel was co-operating European countries, like France. The alliance and midgets widespread talks about Arabian oil embargo, made it difficult for USA and Europe get more oil from Gulf countries. Midgets hostile stories and alliance with Israel made it difficult to get new drilling stations to Gulf countries. As you can see from the chart, oil embargo never took place in real life. US oil import grew steadily through out 1970s. Chart says also that during 1970s Gulf countries had to at least triple existing drilling capacity.

Both US presidents, Nixon and Ford, who handled the oil crisis and foreign relations were republicans.

In 1972 Munich summer Olympics few Israeli sportsmen were hi jacked and killed. Hijackers came from PLO ( Palestinian Liberation Army ). Nixon was re-elected in 1972 with an enormous cap to Democrats candidate. Watergate scandal began in summer 1973 before oil crisis in October 1973. President Nixon retired in 1974. Vice president Ford held presidency till 1976, when Carter ( democrat ) won the elections. All Jewish politics in USA are democrats.

Before 1980 presidential elections there was another peak in oil prices. Carter was not re-elected, Reagan won the elections. In early 1990s, before 1992 elections, Iraq attacked Kuwait, USA led alliance which released Kuwait. Republican president George Bush Senior was not re-elected, Clinton got the presidency. In USA presidency usually lasts 2 terms / 8 years. Without a big mess in your post, it is kids play for ruling president to get the 2nd term.

? Not very unusual that the games from thrones and power overrides national interests and good.

- - Oil drilling in 2013 - -

When you look at the latest stats, all big oil producers, except one, are drilling oil as much oil as they can. Venezuela is the only bigger oil producer country, which would have some additional drilling capacity. Country's oil reserves have been increasing steadily.

Durable drilling policy needs that, yearly drilling does not exceed new oil discoveries. If national oil reserves starts to decline, you are drilling too much.

From the lost and abandoned time dimension taken rather small 40 MW R&D Power Station ( Basin / Tidal / Space Mirror), with estimated 25% efficiency ratio would produce at least 80 million barrels of oil per day. All the oil the world currently consumes and needs.

Note 7.3.2014 - Possible that the 40 MegaWatts should be 40 GigaWatts. Didn't have the calculations, when the text was revised.

- - Millennium Oil crisis - -
28th Nov 2018

In millennium crisis North Sea oil reserves started to decline. On the other hand, growing Asian economies increased the demand for oil all the time. Since you couldn't increase the drilling capacity, the system went into oil prices.

Farmed sugar oil allows economies to grow without World War 3, wars and trade wars. You can increase sugar oil production, when demand grows. Keep or downgrade the current oil prices. In summer 2018 production cost of one sugar oil barrel was around $40. Drilled Crude and Brent oil cost $50-60 per barrel.

Sugar oil will also help many poorer countries, ease the poverty and misery in them. Worldwide food production suffers from surplus / overproduction. Sugar oil has steady demand, producer prices are guaranteed to stay at reasonable level. Price does not fall ( much ), when you increase the production and farmed areas.

The latest drought / climate change system has a bonus, with what you can convert desert into oasis and farmed field. Spreading of the deserts has been known, unresolved phenomena for quite a many decades. Spreading was observed long before climate change.

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+ + The Second Oil Crisis + +

Another oil crisis took place between 2006 - 2009. The price of oil barrel rose as high as 170 dollars. The second crisis was different from first crisis. All major oil reserves were already in use. The world economies had to fall into a deep and long recession. The second crisis boosted the results from the stupidities, the current power keeper generation have made. The greatest hit is documented on "What Is Loan" page. And in Fake Money chapter.

The current power keeper generation, including the morons from movie medias, are once again talking openly about the oil price manipulation. Arranging revolution in Libya. Continuing with the same style in Venezuela and other oil producer countries. Without giving a single thought to the next and non-born generations. 

Oil is essential for the world economies and welfare. And they want to use it all. For their own selfish purposes.

The story is based on long term, public statistics from oil prices, known oil reserves, oil consumption and oil production. Chart from Oil Prices is not in the story

Strange looking things from early 80's are not included this story.

The Monkey Man's lies

When you compare the two charts, it is quite obvious that in the year 1970 natural born liars invented over 10 billion additional oil reserves for United States. With some statistic trick or invented discoveries.  The great discovery is not visible in anywhere else. Cannot find any signs from the discovery in prices and production. In principle. The known US reserves after 1970 should be shifted down with app 10 billion barrels.

Scales of the charts

Oil reserves are informed with billions of barrels. Consumption in million of barrels. When you consume 10 million barrels per day, you drill billion barrels with 100 day interval.

With the current 20 million daily consumption.
Without new discoveries and imported oil.
US oil reserves would last 6 years.