The Energy Non-Crisis, Every American Must Watch

[Very Texas]

If you want to understand the surging oil prices and our issues with Iran-This is a one hour video you have to devote to your country. Lindsey Williams explains it all.
Gail
The Energy Non-Crisis - 75 min - Oct 24, 2007


Lindsey Williams talks about his first hand knowledge of Alaskan oil reserves larger than any on earth. And he talks about how the oil companies and U.S. government won't send it through the pipeline for U.S. citizens to use. --Terrorists' Activities: prior knowledge furnished to the FBI six months in advance of 9-11--free download:








The Non-Energy Crisi... 75 min google.com

 

[Texas1911]

This is a fascinating story, but nothing more than a story without actual supporting evidence.

The Republicans, including the President, have advocated drilling and infusing the US refineries with ANWR oil. It's always fought by the likes of the Sierra Club, Greenpeace, and all the other Environazis.

From Wikipedia:

"
In December 2000, a Coast Guard report charged Alyeska with repeated safety violations at a Valdez terminal, causing prices to jump again. The administration of U.S. President George W. Bush pushed to perform exploratory drilling for oil and gas in and around the refuge. The House of Representatives voted in mid-2000 to allow drilling. In April 2002, the Senate rejected it.

Arctic Refuge drilling was again approved by the Republican controlled House of Representatives as part of the Energy Bill on April 21, 2005,[18] but the Arctic Refuge provision was later removed by the House-Senate conference committee. The Republican controlled Senate passed Arctic Refuge drilling on March 16, 2005 as part of the federal budget resolution for fiscal year 2006.[19]

That Arctic Refuge provision was removed during the reconciliation process, due to Democrats in the House of Representatives who signed a letter stating they would oppose any version of the budget that had Arctic Refuge drilling in it.[20]

On December 15, 2005, Sen. Ted Stevens (R-AK) attached an Arctic Refuge drilling amendment to the annual defense appropriations bill. A group of Democratic Senators led a successful filibustering of the bill on December 21, 2005, and the language was subsequently removed from the bill.[21]

On June 18, 2008, President George W. Bush pressed Congress to reverse the ban on offshore drilling in the Arctic National Wildlife Refuge in addition to approving the extraction of oil from shale on federal lands. Despite his previous stance on the issue, Mr. Bush cited the growing energy crisis as a major factor for reversing the presidential executive order issued by President Bush Sr. in 1990, which banned coastal oil exploration and oil and gas leasing on most of the outer continental shelf. In conjunction with the presidential order, the Congressional moratorium banning drilling was first enacted in 1982 and has been renewed annually. "

 

[idleprocess]

Everyone has a pet theory for high gasoline prices which usually revolves around blaming a favored political enemy. The left blames the oil companies (and the right). The right blames environmental regulations (and the left).

It's not a simple problem and focusing on simplistic solutions will not solve the problem.

Even if there are secret reserves, immediate infinite exploitation of them would not cut oil prices much thanks to the time to build extraction infrastructure, limited refinery capacity, and a market that will continue to consume as much oil as the suppliers can pump at $120/barrel. Oil is traded in dollars, so the declining dollar is another factor in rising prices...

Of course, in typical American fashion, most are loudly demanding that something be done about the situation rather than adapting to the new reality of high oil prices ... something that's hardly new to most of the rest of the industrial world.

It's funny watching industry and the general populace cling to the very petroleum fuels and internal combustion engine that keeps getting more expensive. Ultimately behavior may change since reality does not always yield to preconceived notions. I'm already seeing it happen - people are driving less, huge SUV's aren't selling nor are they worth anything as trade-in, and property values in far-flung suburbs aren't on the rise so much anymore.

 

[Texas1911]

Bubble investment, USD decline, and a growing WORLD demand for oil is the reason for the increase. The domestic demand for gasoline has gone down almost 7% in the past year, but it doesn't mean much if China and other developing countries are picking up the tab.

 

[ducksps]

Global Demand and devaluation of the US dollar are the cause. The war effort regardless of right or wrong is leading the decline in the dollar. Other issues are harming our currency but our current expenses overseas are tops.

Our country is overspending and it is making itself known in commodity prices.