by momzcrazy 143 Replies latest social current
This is nothing but BULLSHIT!!!! Politics at its worst. It has nothing to do with "evil oil companies" but the free market and 2 billion chinese and indian middle class individuals wanting the same things as Americans. This is about resource dwindling - oil, cheap oil, is going bye-bye!!
http://www.businessandmedia.org/articles/2008/20080521145247.aspx
or about drilling closer to home at the very least.
That's a stopgap measure-at best.
We aren't going to pump ourselves into energy independence.
BTS
MOMZCRAZY- It is so ridiculous what the oil companies are doing and the government. The government is just trying to make a show that they are concerned. Bush's oil interests are so important to him; his head is so far up his a$$ about what us normal people deal with - no one could ever give him a proper enema.
The U.S. governments interest in oil is so tightly wound with the oil companies themselves - they are a bad version of the most hideous siamese twin you could ever imagine
The bastards declared there are too many mean laws that don't let them drill enough wells.....while they are earning historic profits. It is all a circus.
I think they're all full of wind....I'm so sick of hearing supply and demand, no refineries, no profit...the demand in the US has fallen for 2 straight years now so we'll blame the increase of those Asians and Indian countries that are using it all up now..only problem is that when we go to bed and the price mysteriously rises by $5.00 a barrel - I can't somehow fathom how the demand just rose that much while I slept. Oh I know - speculators....along with a lot of other crappy things....sammieswife.
Alaska’s Gull Island Oil Fields Could Power U.S. for 200 Years
By Mark Anderson
“Crude oil is the real ‘currency’ of the world,” said Lindsey Williams at a gathering of the Midwest Concerned Citizens group in Kansas City on July 22. But Americans will never hear about huge oil and gas reserves in the United States, which, if ever tapped, would bring today’s fuel prices at least as low as $1.50 per gallon and make America more energy independent.
As a Baptist missionary in the 1970s, Williams said he rubbed elbows with members of the world’s power elite—who boasted of detailed 30-year and 50-year plans to control the flow of oil and information.
A huge quantity of crude oil and natural gas exists under Gull Island, located in the waters of Prudhoe Bay in Alaska, says Williams. He cited key British Petroleum memoranda and related the statements of upper echelon oil officials who told him that Gull Island would be kept under wraps, limiting domestic supplies so Americans would someday see prices hit up to $10 a gallon at the pump.
“Every issue in the world today relates to crude oil,” said Williams. The U.S. occupation of Iraq and the saber rattling about attacking Iran fit into the crude oil matrix.
Iran is being targeted because it’s one of several countries that want to use their own currencies for oil sales, rather than using the U.S. dollar. Williams told AFP that any country that doesn’t want to “play ball” with the U.S. government and the financial and oil interests is, in essence, put on a hit list.
The United States, he said, learned that Iran intended to form its own bourse and not use the dollar for oil sales. Therefore, the notion that Iran is a menacing “almost-nuclear” country was trumped up, presented as fact via the corporate media and Iran is now in the crosshairs.
Other nations wanting more independence from U.S. meddling include Norway, Venezuela, Nigeria, Bolivia, Sweden and Russia.
The 30-year plan, which was first proposed three decades ago and is nearing fruition, included smug assurances from oil officials that the United States will triple its crude-oil usage and alternative fuels will not be allowed to gain enough ground to make a difference. They also noted that all foreign oil production will be scaled back to the United States and that Americans soon will pay $4 to $5 a gallon at the pump and could pay as much as $7 to $10 down the road.
In the early 1960s crude oil was selected as a tool of world control, Williams said, adding, “What we pay at the gas pump is a form of taxation.” The American consumer’s dependence on crude oil thus far has enabled people from foreign oil-producing nations to buy T-bills (U.S. treasury notes) in order to support the U.S. national debt and continued deficit spending. The need to support that debt puts the U.S. government in a bind, forcing Americans to remain dependent on foreign oil.
Williams, as a chaplain in 1970 when the trans-Alaskan oil pipeline was finished, ministered among the pipeline workers. However, as time passed he made a favorable impression with the top brass and was asked to improve worker-company relations. Next thing he knew, he said he was sitting at meetings of the World Bank, the International Monetary Fund and various meetings of oil executives over a three-year period.
He told AFP that the IMF-World Bank acts as a middleman between oil producing nations and refineries. In so doing, they set oil prices, he said.
The big event in that three-year period was in 1977 when an Atlantic Richfield oil executive told him, “We have just drilled into the largest pool of oil in North America—[and] in the world!”
That pool was Gull Island. It was said that there was enough natural gas to supply America for 200 years. But to this day, “not one drop” of that oil has been released to American refineries, Williams said.
Williams said the executive had warned him that the Gull Island find was highly classified. Do not repeat any of this, he was told. Obviously, that warning did not stop him.(Issue #33, August 14, 2006)
The bastards declared there are too many mean laws that don't let them drill enough wells.....while they are earning historic profits. It is all a circus.
They can't spend the profits on new production unless Congress gives them access to new areas. See? You can only pump existing fields so fast. To pump at too high a rate damages the field and reduces the total yield it is capable of. This is shortsighted. They need new fields. Congress has blocked access to other areas such as ANWR. BTS
sammie, your naivete can be forgiven. If you want to understand the oil situation and not get taken for a ride by these kinds of articles, I recommend the following resource:
You will get a clear idea of what is going on. None of these deposits are going to do more than slow the climb in price.
BTS
Yea, that's it...Let's attack the people that are in business to produce more energy that we need to continue to expand our economy. Also, let's attack all the individual Americans, especially senior citizens, and retirement systems that OWN the stock in Exxon, Chevron, BP, etc...that depend on the dividends on the stock that they own to pay their monthly bills and for their medicines..etc...Keep it up, democrat party, keep it up....
The Senate oil hearings were just another example of the Democrat Mafia getting ready to do another shakedown on legitimate business people. Listening to the senators statements was proof positive that more than one of them has a brain tumor.
“The fundamental laws of supply and demand are at work,” said John Hofmeister, chairman of Shell Oil Co., acknowledging it is something the oil industry has been saying for some time and that the explanation may sound “repetitive and uninteresting.”
This statement is so far off the mark it's not even funny. The oil companies have publically admitted that they've slashed the "supply" so that they can screw us over royally and make billions in profit (not that they weren't already up to their eyeballs in profit before). And does anyone actually believe that the "demand" has double or trippled in the last 3 years? Bullshit. This is a prime example of corporate greed at it's worst. They take a commodity that society has basically made us all dependent on, then they've slashed production and have skyrocketed the prices and are lining their already mega-rich pockets, with even more of the green stuff.
The government most certainly could do something about it if they wanted to, but since they're also raking in record breaking tax dollars from the high price of fuel, these calls before Senate are nothing but a joke. The Prime Minister of Canada whined yesterday that there's 'really nothing he can do' about Canadians paying these outrageous prices at the pumps.....ya, it has nothing to do with the fact that 33% of every dollar we spend at the pumps is all frigging tax. Alberta's got enough oil to last us another hundred years. I used to work at the Petro Canada head office in Calgary years ago and believe me, there's no shortage of oil.
Totally disgusting.
