ISIS has trebled its forces within recent months and in large measure finances its expansion with $10 million to $20 million per week in illicit oil sales from as many as 70 captured oil wells.
Iran now has multiplied its centrifuges to almost 20,000, enabling it to convert its 5 percent and 20 percent enriched uranium to 90 percent weapons grade HEU within a 7-week breakout period. With sanctions lifted, Tehran’s monthly oil revenues have soared to almost 3 million barrels per day, generating billions of dollars per month.
Tiny Qatar, with only about 280,000 citizens, provides Hamas with some $400 million annually. Qatar exports more than 600,000 barrels of oil per day helping to establish an estimated $200 billion petrodollar reserve.
Oil is driving it all — and more.
American petroleum use accounts for about one-quarter of global consumption, depending upon whose numbers you’re refining. Kicking our oil addiction is an old mantra that is preached daily from the sidelines by an army of expert energy analysts and security insiders. A slick, kinetic new Hollywood offering, “Pump: The Movie,” is breaking out of the wooden oil documentary mold to help power a concerted national effort to get off of oil.
“Pump”‘s point is easily distilled: if simple fuel choice were implemented, it would quickly dilute the power of petroleum and those who sell it. “Pump” combines flashy cinematography and rock music with irrefutable testimony by the likes of former Shell president John Hofmeister, Tesla founder Elon Musk, analyst Annie Korin, and Auto Channel editor Marc Rauch. I also appear in the film with the inside historical story of corporate crimes committed by General Motors and Standard Oil to cripple the electric mass transit system which proliferated in the first years of the twentieth century, and replace it with oil consuming buses — in other words, how we got here.
As I wrote in my book Internal Combustion and subsequent works, we never needed to be addicted to oil. Never. The electric car was invented in about 1835. Until the run-up to World War I, most of the motor vehicles in America were electric-powered, until Edison’s plans were subverted by the car industry and the manufacturers switched to gas-burning internal combustion vehicles.
The much-vaunted hydrogen fuel cell that uses water as a feedstock is based on technology developed back in 1838. Some years ago, I drove an ordinary showroom Hydrogen-powered Chevrolet Equinox all over Southern California on a single tank of hydrogen. That hydrogen fuel was zapped from simple water, filled at a public Shell station on Santa Monica Boulevard that maintained a hydrogen pump on the side. Hydrogen supplies are abundant in the U.S. — it’s the ingredient needed for unleaded gas.
More than 17 million compressed natural gas (CNG) vehicles operate worldwide. A petroleum car can be converted to natural gas in a day. But in America, less than 120,000 operate — in large measure because Honda, America’s major NGV car manufacturer, stubbornly refuses to mass market its own vehicle beyond a few thousand per year.