I see CNN has finally posted some news about the stock market! 

Yes folks, and if you see CNN, MSNBC, CBS, NBC, ABC, The Huffington Post (HuffPost), The New York Times or The Washington Post reporting news about Wall Street, or the economy in general, it’s bad news.

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In this case, CNN Business’ David Goldman reports, “US stocks plummet on Coronavirus fears: March 9, 2020.  Dow falls 2,100 points.”

Well, that is definitely news Mr. Goldman…, but it was news too when the stock market hit record highs like over 30 times this last year.

It’s funny how I didn’t see any mention of those economic events.

I wonder why?

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CNN must be doubly excited about this news…, as their hyping of the coronavirus seems to be working and that in turn is causing negative economic news.

Please check out my previous blogs regarding the coronavirus:

You scared of the Coronavirus?  From March 3, 2020

https://mrericksonrules.com/2020/03/03/you-scared-of-the-coronavirus/

and,

Death toll hits 14,000!  But I’m not talking about the coronavirus. From March 9, 2020.

https://mrericksonrules.com/2020/03/09/death-toll-hits-14000-but-im-not-talking-about-the-coronavirus/

Another article out there by David Goldman today reports, “It’s a bad day to be an energy company.”

Wow…, two articles in one day!  Mr. Goldman must be extra charged up by all of this bad news!

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Goldman reports, ‘“The rapidly falling price of oil [due to an oil price war between Saudi Arabia and Russia] is likely to put more pressure on energy companies in the United States, which will hurt the banks with the most credit exposure to the oil industry,’ according to CFRA Research analyst Pauline Bell.”

Yes, Mr. Goldman…, again, this is definitely news.

But it was also news when President Trump pushed to open-up more areas for oil exploration and when he got all of the pipelines approved.  Not to mention when we gained our independence from Middle Eastern oil, and in fact, became the world’s number one producer of oil again!

Not to mention how low the price of gas has been for over three years now.

This “good stuff” was also news that I didn’t catch you or CNN reporting about, or even bothering to mention in most cases.

Again, I wonder why?

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Actually, I don’t “wonder why” at all.

I know very well why all of the liberal propaganda, fake news, shamelessly tries to manipulate the news.

It’s all in an effort to support their anti-Trump narrative.

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It’s just amazing to me how many people are still falling for this fake news.

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Just watch the fanfare (I’m being sarcastic) about the market bouncing back on the fake news today.

There won’t be any.

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You can add crude oil to the list of things some “scientists” would have you believe they have figured out. 

“Oil that is…, black gold…, Texas tea.”

When you get right down to it, there isn’t a heck of a lot that “scientists” really “know.”

There’s a lot they’d like you to think they know, but in the end it’s mostly educated guesses…, and uneducated guesses.

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We see these educated and uneducated theories and guesses passed off as facts most of the time.

When reading textbooks or listening to the news, we never hear these “scientists” say, “We believe that …” or “It’s our theory that…”

I’m talking about global warming (now called “climate change” since the warming part is a hard sell), the creation of the universe, the evolution of life on Earth, and what’s inside the Earth.

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Now don’t get me wrong…, I’m not anti-science…, I love science.  I just don’t like it when wishful thinking is passed off as science, and this wishful thinking is then used as propaganda to support liberal fairy tale narratives.

Regarding oil, one of the “fossil fuels,” “scientists” have spun a pretty wild tale, it seems.

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In an article titled, “The Mysterious Origin and Supply of Oil,” by Ker Than, for the LiveScience website, Than says, “… some experts [are]  predicting that the end of oil is near, scientists still don’t know for sure where oil comes from, how long it took to make, or how much there is.”

Wait…, what?

What was that?

“Scientists still don’t know for sure where oil comes from, how long it took to make, or how much there is?”

Really?

But they feel safe “predicting that the end of oil is near.”

Again…, “Scientists still don’t know for sure where oil comes from, how long it took to make, or how much there is?”

Well, you could’ve fooled me!

I was under the impression that “scientists” knew all there was to know about oil in the Earth.

Hmmm.

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Soooo, it’s called a “fossil fuel” even though “fossils” may have nothing to do with it?

See what I mean?

Ker Than continues by saying, “A so-called ‘fossil fuel,’ petroleum [oil] is believed by most scientists to be the transformed remains of long dead organisms. The majority of petroleum is thought to come from the fossils of plants and tiny marine organisms. Larger animals might contribute to the mix as well.”

“Nature has been transmuting dead life into black gold [or natural gas] for millions of years using little more than heat, pressure and time, scientists tell us.”

That sounds like a statement of fact without any caveats to me.

Again…, see what I mean?

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“The idea that petroleum is formed from dead organic matter is known as the ‘biogenic theory’ of petroleum formation and was first proposed by a Russian scientist almost 250 years ago.”

“In the 1950’s, however, a few Russian scientists began questioning this traditional view and proposed instead that petroleum could form naturally deep inside the Earth [the abiogenic theory].”

They say, “Both processes for making petroleum likely require thousands of years,” although, here again, they really have no clue how long it takes, or if either of these theoretical processes are even responsible for the creation of oil at all.

According to an article on the ScienceDaily website, “Estimates of how much crude oil we have extracted from the planet vary wildly. Now, researchers have published a new estimate in the International Journal of Oil, Gas and Coal Technology that suggests we may have used more than we think.”

“Now, John Jones in the School of Engineering, at the University of Aberdeen, UK, says that we have used at least 135 billion barrels of oil since 1870, the period during which J.D. Rockefeller established The Standard Oil Company and began drilling in earnest.”

“However, in 2005, The Oil Depletion Analysis Centre (ODAC) [Is that really a thing?] in London provided a total figure of almost 1 trillion barrels of crude oil (944 billion barrels) since commercial drilling began.”

There are 42 gallons in a barrel, and I’m pretty good at math, so that would equate to around 42 trillion gallons.

That’s a lot of “fossils of plants and tiny marine organisms.”

And that’s only what we have used so far.

From the World Ocean Review website, “Gas and oil form in the sea over a period of millions of years [Oh, now it’s millions of years?], as the remains of animals and plants sink to the ocean floor. Combined with particles flushed from the land, they are buried and compressed into layers of sediment several kilometers thick on the ocean floor.”

Excuse me, but when does this stuff stop sinking to the ocean floor so it can become buried?  Isn’t this happening continually?  Just sayin’.

“Aided by the Earth’s pressure and temperature conditions, bacteria convert the biomass into precursor substances from which hydrocarbons are ultimately formed. These hydrocarbons can permeate certain layers of rock and sediment as they move up towards the surface, in a process called migration. In some cases they become trapped in impermeable layers of rock, which is where the actual deposits are ultimately formed. Depending on the ambient conditions, oil or natural gas develops. Today’s sources of fossil fuels are between 15 and 600 million years old.”

“Between 15 and 600 million years old,” huh? Well, that’s really narrowing it down!

“During this period the continental plates shifted, transforming oceans into landmasses, with the result that mineral deposits can be found both on land and at sea. Oil and gas are usually found where vast layers of sediment cover the ocean floor.”

So there you have it.  Perfectly explained as if it were proven fact…, which it is not.  This whole previous paragraph should have begun with the words, “Once upon a time” for all it is worth.

Again…, I’m not anti-science…, I love science.  I just don’t like it when these “scientists” pretend to know more than they do, then throw their science fiction stories out there as “the truth.”

If these scientists are so smart they should know better.

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NOTE:  If you’re not already “following” me and you liked my blog(s) today, please “click” on the comment icon just to the right of the date at the bottom of this article.  From there you can let me know you “like” my blog, leave a comment or click the “Follow” button which will keep you up to date on all of my latest posts.

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