The Energy Non Crisis

This week the topics have revolved around the immense impact oil has on the world economy, politics, and even wars. As important as these matters are, today's topic will blow your mind.

There have been many reports in the news the last few years regarding Peak Oil. Peak oil is the point in time when the maximum rate of global petroleum production is reached, after which the rate of production enters its terminal decline. If global consumption is not mitigated before the peak, an energy crisis may develop because the availability of conventional oil will drop and prices will rise, perhaps dramatically. This is what they want you to believe.

However, as with a lot of media hype, that is all this is - hype to scare you and justify the higher gas prices they are charging. This is another invisible tax they are inflicting on the public. You might ask why I am so emphatic that this is all hype. I have done my own research on the subject and have met oil industry experts that have verified that it is all hype.

Let's start with Lindsey Williams. Lindsey is a ordained Baptist minister that served as chaplain to the crews that were completing the Trans-Alaska Oil Pipeline in the mid seventies. Lindsey has authored six books, the most telling is "The Energy Non Crisis" written in 1980. (I have personally met and talked to Lindsey a number of times over the last several years. The information he personally witnessed is mind blowing until you start to understand the purposes behind the deceptions.) In his book, he described that because he was given executive status by the oil companies, he was given personal access to private meetings with the global oil barons. In 1976, the oil companies building the pipeline and exploring for oil on the northern slope of Alaska have found several huge oil deposits capable of supplying the United States for over 200 years. These include Prudhoe Bay, Gull Island, and Kuparuk oil fields.

However, you will not hear about these from the government or the media. They have been capped and shut down. Prudhoe Bay has been producing oil from the early 70's and is capable at producing more than 2 million barrels of oil per day. In 2001, the production has been lowered to less than 1 million barrels per day, but this is not because of limited capacity or draining reserves. In August 2006, BP announced that they were shutting down the Prudhoe Bay field because of a severe corrosion in the oil transit line and a small spill. This is the only field of the three that has been used for production and pumped through the Trans-Alaskan Oil Pipeline.

It has been confirmed that the Prudhoe Bay field is over 100 square miles. Kuparuk is over twice that size and has barely been touched. Gull Island is 5 miles north of Prudhoe Bay in the Beaufort Sea. Gull Island is estimated by seismology reports and numerous test drills that it is at least four times the size of Prudhoe Bay. This is larger than all the oil deposits in Saudi Arabia, and we are not even touching it!

All of this is documented in Lindsey Williams' book. Furthermore, it was endorsed and validated by Colorado State Senator Hugh Chance, who visited the site in 1975. Senator Chance, who wrote a foreword in Lindsey's book, was appalled by the actions taken by the US government to shut down the wells and allow us to be continually dependent on Mid-East oil.

Furthermore, there have been a number of shale oil deposits found in the Rocky Mountains of Colorado that is also estimated to be larger than those in the Middle East. There is another shale oil deposit in Alberta Canada that is estimated at 1 trillion barrels of oil. Why would our government not want to produce this oil and no longer be dependent on foreign oil? Because they have a plan to form a one world government that is run by the international World Bank, the IMF, and the United Nations. The unique sovereignty of the United States with financial solvency is not in the plans, but to bankrupt the livelihood of the American public and enslave them in economic servitude is the plan.

This is shocking, but sadly very true. Don't believe the peak oil hype. Even OPEC has never acknowledged imminent Peak oil concerns. In OPEC's 2007 annual book, which discusses issues such as future supply position, forecasted demand, and ultimate recoverable reserves (URR), the authors state that the conventional oil resource base is sufficient to satisfy demand increases until 2030 at a price of $50-60 per barrel, increasing afterwards to account for inflation.

As with all Saturdays, I recap key financial indicators that provide valuable insight into what is happening with the financial markets. Last Saturday, I mentioned that the temporary improvement with the strength of the dollar and decline in precious metal prices appears to be over. That statement is looking to be more accurate. This week, all of the overall trends are continuing. The price of gold increased this week to close on Friday at $902.40 per ounce. Silver also increased to $17.04 per ounce. The price of oil continued up slightly to close at $126.48 per barrel, a new week ending high. The US dollar index also fell to close at 72.83. How long can the credibility of the dollar last? Be prepared for the house of enormous debt to collapse.

This is all sobering truth. Do we really live in the land of the free? Or are we just cogs in the economic system to produce debt from our labors? As always, the choice is yours.

Have nothing to do with the fruitless deeds of darkness, but rather expose them. For it is shameful even to mention what the disobedient do in secret. But everything exposed by the light becomes visible, for it is light that makes everything visible. This is why it is said:
"Wake up, O sleeper,
rise from the dead,
and Christ will shine on you."
Be very careful, then, how you live—not as unwise but as wise, making the most of every opportunity, because the days are evil. Ephesians 5:11-16 (NIV)

If you have comments or questions, please feel free to contact me at the address below.
Email: DeltaInspire@panama-vo.com