One way and another the US oil empire seems to have effective control of rather a lot of oil fields already.

I rather thought Teribus was saying that predictions about there being no tomorrow had never panned out so far. Mind, that seems to be the assumption that underlies the oil industry and the whole fossil fuel monopoly. (Meanwhile in Wales people are being prosecuted becxause they have discovered that it's possible and cheaper to run their diesel cars using cooking oil, a totally renewable resource, instead of diesel. The truth is we don't really need this fossil oil.)