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Why the U.S. cannot drill for oil in: Discussion

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I watched this video (all 75 minutes in one sitting) and was completed rattled by what was said. Please take a moment and review this video. I am not sure when this was recorded but I had watched it before gas had hit $4+ dollars as ke claimed would happen (so he did have an accurate prediction). I greatly respect the minds of fellow FW members and hope that someone can shed some light on this. I truly HOPE this is bs.

linky...
Lindsay Williams - Oil non-crisis

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.


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bigStax said:Please take a moment and review this video.But you just said it was 75 minutes long ???

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This been posted before here.

Good video to show 5yo btw along with that alien autopsy video. All tuue, I tell ya.

A better question is, why can't people use google and do some research before posting?

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OMG.. hang our politicians..

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OP, if you want some discussion, post some salient points made in the video. It's not reasonable to expect people to sit through long videos.

It's a lot easier when we can post quotes from written articles, otherwise participants expend most of their effort arguing over what the speaker actually said, without the ability to verify anything.

Message edited by: Xnarg on 2008-10-11 19:33:51 CDT
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Did not watch...

but still disagree with OP, video, and everyone else!

*OMG, I must be a democrat!!!*

j/k!

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We can't drill for oil? Aren't we doing it already?

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We can't drill for oil? So why is the 'price of oil' measured in price per barrel of Texas light sweet crude futures? Last time I noticed, Texas was annexed into the United States.

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edit: Oh I've watched this thing before.....to sum it all up...."we've got a kabillion barrels of oil in AK, so it's obviously a conspiracy that we're not drilling there. It's the guvment's fault!

To be fair, to balance this one out you should watch some peak oil nuts...

And...well while we're on the topic, let's talk about Tom Bearden's MEG device which pulls energy out of the 5th dimension. =)

Wikipedia page on MEG

Message edited by: glenatuf on 2008-10-12 16:53:26 CDT
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I use one to power my stargate.

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The video states we have 200 years worth of oil in the Northern Slope, more than Saudi Arabia.

Threats of death to those in the know have kept this news hush hush.

Message edited by: PolarDude on 2008-10-12 19:15:59 CDT
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Summary and important points as I understand it:
* The guy spent 3 years with the builders of the trans-Alaskan oil pipe from Prudhoe Bay
* An island near Prudhoe Bay has the largest reserves of oil in the US and possibly the world. this information was classified and no drilling is allowed.
* The US and the arab world signed agreements that US will buy oil, but require oil producing countries to price oil in USD and also purchase US national debt with some of the profits. The only countries that didn't sign were Iraq and Iran. The state dept sent officials to Iraq in 90 saying the US will not interfere if they invaded Kuwait. He also states that Kuwait was previously Iraq's territory that they wanted to take back control of, which I think is incorrect.
* Iraq was overtaken under false pretenses. Iran is under threat. Iran wants to open an oil burse, which would undercut others, trade in EUR, and cause a collapse of the USD.
* The price of oil is dictated by the IMF and the World Bank. They're the ones making the most profits, not producers or refiners.
* And the final point he makes is that US can not allow the classified deposits to be drilled because that would drop the price of gasoline at the pump to $1.50/G and the the oil producing countries would not have to stick to the previous agreement to purchase the US national debt, causing the collapse of our economy.

Personally I don't see how that would collapse the economy, since they could just tax the companies that extract from there and either keep the pump price stable and/or pay off the debt.

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scripta said:* An island near Prudhoe Bay has the largest reserves of oil in the US and possibly the world. this information was classified and no drilling is allowed.
Did the video also mention Prester John rules a kingdom to the east?

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If oil producing countries were forced to buy our debt, I think they would own more than $173 Billion (~1.6%), don't you?

Message edited by: cheezedawg on 2008-10-13 10:15:15 CDT
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cheezedawg said:If oil producing countries were forced to buy our debt, I think they would own more than $173 Billion (~1.6%), don't you?

That was the petrodollar recycling deal, which is described here. You can read an even more fun accounts of that era in "Confessions of an Economic Hit Man", which makes for great reading and is probably true, though nobody will ever know for sure except for the players.

One thing that's always amusing about debt-based conspiracy theories is they tend to equate bonds to credit cards ie: that the holders of bonds can demand repayment at any time. Bonds don't really work like that.

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scripta said:The state dept sent officials to Iraq in 90 saying the US will not interfere if they invaded Kuwait. He also states that Kuwait was previously Iraq's territory that they wanted to take back control of, which I think is incorrect.
The modern geo-political boundaries of the Middle Eastern countries have very little to do with the geographic distribution of the cultures there. The region has been invaded and conquered numerous times in the last two millennia, most recently by European powers after the Ottoman Empire's defeat in WWI. Culturally, he's correct that the Kuwaiti people and parts of the Iraqi people have the same roots. However, Iraq itself is (as everyone should know by now) made up of three major factions, one of which identifies with a large segment of Iran, and another of which identifies with an unincorporated culture covering parts of Iraq, Iran, Turkey, and Syria.

The current national boundaries in the region are more indicative of which Euorpean power ended up gaining control of which region, rather than the cultural boundaries of the indigenous people. One could argue that we should ditch these national boundaries and establish new ones based on cultural differences. However it's been nearly a hundred years and people there have grown up for several generations believing that they were Iraqis, or Iranians, or Kuwaitis, etc. I'm not sure that redrawing the borders would even be politically possible, especially if you consider the inherently unequal distribution of the oil fields there.

As for the original claim that Kuwait was originally Iraq's territory, I suppose if you consider Iraq to be the heir of the Ottoman Empire, then yes Kuwait belongs to them. But then so do large segments of Turkey, Saudi Arabia, Iran, Jordan, Syria, Israel, Cyprus, and Lebanon. If you go back a couple centuries, you could add Egypt, Sudan, Somalia, Yemen, Greece, Armenia, Georgia, Romania, the Balkans, and parts of Lybia, Tunisia, Algeria, Russia, Hungary, Austria, and Poland. I think there would be not insignificant opposition to any claim that the original Ottoman territories belong to Iraq.

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^^^ I agree. The speaker didn't elaborate on the point, just made it sound like it was a former territory of the country of Iraq, which isn't technically correct. His point is that it was a trap, but Saddam was too strong for Bush Sr., so he had to wait 8 more years.

Anyways, I'm against drilling (or any other extremely unclean tech), so he just sounds like a disguised big oil shill to me.

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scripta said:...Anyways, I'm against drilling (or any other extremely unclean tech)..."unclean tech" like steel manufacturing, animal and plant agriculture, waste water processing, all mining, the timber industry, shipping, fishing, etc.?

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Xnarg said:"unclean tech" like steel manufacturing, animal and plant agriculture, waste water processing, all mining, the timber industry, shipping, fishing, etc.?

Seriously. I hope he doesn't eat meat (or eat in general), drive a car, drink water, use a toilet, have anything made out of wood, buy anything online, etc.

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