Sam's is your source for Hatteras and Cabo Yacht parts.

Enter a part description OR part number to search the Hatteras/Cabo parts catalog:

Email Sam's or call 1-800-678-9230 to order parts.

Oil or no Oil The largest oil field in the world

  • Thread starter Thread starter Trojan
  • Start date Start date
  • Replies Replies 10
  • Views Views 4,283
I just spent the past hour and half listening to the entire presentation. I do not doubt most of what he says to be true.

To sum up - there is no shortage of oil, Reserves are know to exist which could keep oil flowing for centurys. Cheap oil however will not likely return.

The Grand consipiracy theory I have a harder time to accept but he make a good case for it. What I need to confirm is which countries have de-coupled oil from the US Dollar. Some countries have made the switch to the Euro but not sure which ones. I'll look it up.

His final claim that a US led war in Iran will be based on that country acting on a threat to flood the market with de-coupled cheap oil is plausible but not something I entirely agree with.
 
Less than dollar gasoline in a year is a bit far fetched. If it there is that much and I don't doubt it, it would require another pipeline for the oil and another line for the gas. The bottleneck isn't the pipeline but the shipping so you need to come across Canada. I hear this same conspiracy crap from some of my clients and my reply after having been in the oil industry for 20 years is why don't you build a pipeline, a refinery and start making all the big bucks? Why not hire all the engineers, welders, workers and make it happen? All you have to do is go to the bank and borrow the money to pay for it just like everybody else that stuck their neck out to start a business. If you pluncked the money down today it would be 5-6 years before one drop appeared at the pump.
 
All the oil from Alaska is being shipped out by boat. We could easily do the same. There is something BIG wrong here and I think he may be right. But what can we do. Either way were going down. Bring the boys home. Screw them. Lets start over and stand on our own. We did it before in 29. We have the technology, the equipment and the ability.
BILL
 
The part that I can't seem to understand, is how do the 'people in control' maintain their comfortable gig if they bring the US and most the world to their knees?

I always thought the point of the game was to allow the other guy to prosper just a little less than you so he will be motivated to provide the goods & services you need. What is to be gained by wiping out the middle class?
 
I find this very interesting and believe it to be the fact. I have been hearing this for many years. Lindsey Williams is the first person to speak out about it. What do you think? http://video.google.com/videoplay?docid=3340274697167011147

BILL


Given the very strong grip that the environmentalists have on the legislative process at this point, there is not reason to doubt author Williams. Effectively the US is highly dependent on foreign oil reserves by fiat, i.e. by virtue of American law that prevents development of N. Slope oil. Also, although the "reindeer" have seemingly thrived in the presence of the oil pipelines, oil pipelines as a means of transmission, either gas or oil, across Alaska, through Canada to the US is also illegal (correct term?); certainly not legally allowed.

In regards to the BnCF of gas being pumped back into the earth, this is a fairly common approach to natural gas storage. One of the largest high-pressure gas oil storage fields in the world is in the lower peninsula of N. Michigan in the Pigeon River area. In fact, at one time, it was the largest such gas storage field in the world. Whether it is now, I cannot say. At any rate, a former associate developed the early computerized controls for this field. In effect, a very non-porous large area is sealed off and its natural seams and caverns are flooded with highly pressurized natural gas. A much smarter oil patch person is welcome to correct this simple explanation.

Finally, in a real-time situation, it can be downright scary to be exposed to the worst effects of the federal government, intended or otherwise. In 1976 I was running a small mfg. plant in Indiana for Goodyear and our source of gas was from NIPSCO, the N. IN Public Service Co. (Aside- my sister later married the son of its President...who knew?).

Back to the story. There was a so-called gas shortage in the winter of 1976-77. Gas flow was controlled by the Federal Interstate Commerce Commission (ICC). That was in the good ole' days, when a semi-truck was not allowed to turn right from a highway, but could turn left from that same highway, based on ICC regs...yikes.

NIPSCO held a meeting in Jan 1977 (76?) at the Holiday Inn in LaPorte, IN for all consumers of commercial gas in that area of IN. They announced that commercial gas was being "rationed" and could be used only for heating plants, but not for commercial mfg. purposes, i.e. running a heat treating operation, steel mills, etc. In effect, many were shut down!!! At the rate of drawdown of gas supplies, being allowed into that part of IN by the ICC, via the main pipeline control valves at the MI and IL borders, homes would soon also be cutoff from gas. This was because the gas pressure in the pipelines was nearing zero and normal control systems, esp. a home furnace pilot light would not stay lighted. The sheriff announced that they (deputized gas employees) would go door to door and shut off furnances at homes and padlock the gas supply to the home...this is all true...not second hand, as I was an attendee.

Part Two: Michigan was awash in natural gas at that very time, having just had major finds in what is called the "Reef Trend", in N. Lower MI. But, due to fiat, the ICC had ruled that gas was not allowed to flow into IN from MI (or IL)!!! So was there a shortage??? A resounding no...it was a contrived shortage. I am sorry to lay blame, but our fine President at the time was Carter, and the Feds were wildly out of control, or better yet, overly controlling gasoline and natural gas supplies at that time.

Somehow, and I never learned of the bureaucratic process, the ICC finally relented and "authorized" gas to flow into the NIPSCO system from MI. So what would be a one hour/overnight no-sweat free market decision, was a full blown crises at the Federal level.

I am fully aware that millions of brown armbands were printed up to be used by Federal people to go door to door to check that your home thermostat was not set higher than Federal limits. Knowing the Federal mindset as I do (read congress), they have no doubt not yet been authorized to dispose of those armbands, and I would not be at all surprised if they are in a warehouse somewhere in the US. I was formerly associated with contracts to dispose of excess US materiale, and this was a tightly controlled process.

So while you may think Williams above is a wild-eyed radical, I know all too well that he is, in all probability, presenting very rational, straightforward content.

P.s., fun trivia. The Sr. Manager of the operation to build the pipeline across Alaska to the coastline, later bought out Burger yacht and took one for his own. He supposedly would drive his yacht through wild seas on Lk. MI.

I hope there is not some automated federal blog crawler tool reading this and sending me a guest to meet with me later (semi-facetious).
 
I am fully aware that millions of brown armbands were printed up to be used by Federal people to go door to door to check that your home thermostat was not set higher than Federal limits.
I guess the entire shirt wasn't in the budget. :rolleyes: :eek:
 
I was dealing with our powerhouse at that time. The company had recently purchased 5 oil wells in the UP for there own use. Twelve years ago I know they were selling there excess gas to the local gas company. The catch was that we still had to purchase so much gas from the locals before we could use our gas or sell any back. So the gas crunch did not bother us much at the plant. But we always had to keep our gas boilers running even when we didn't need them and anything that we could run on steam we did. No electric motors, every thing was to be run on steam. I wonder what happened to those wells today? Four owners later. I wonder who owns them now and are they still flowing?

BILL
 
I read the book and am convinced this is correct! I have written to both my senators to ask for an explaination as to why the EPA capped the test wells and will not allow drilling. Maybe we all should and get some of the politico's off their collective asses and do something positive instead of worrying about steriods in baseball!!
 
I worked my entire career for American Natural Resources. This is the company that is being refered to and is the one that started all those natural gas storage fields. Actually in the early 1900s they were gas wells. When the gas was gone our company put a pipeline from the panhandle of Texas to Michigan. During the winter the gas would flow 100% to heat homes etc. Durin the summer we would still run the pipeline but the gas would go into storage. Thi allowed our company to have smaller pipelines and still meet the demand. Later they added a system from the Gulf of Mexico. We also transport canadian gas from the border below Winnapeg to Canada near Detroit. There was a proposal by Boeing to build an airplane about ten times the size of a 747 to transport liquified natural gas from the artic to North Dakota. Our Chairman had a screamin match with Jimmy Carter which pounded some sense into that fellow.
 
The reason the Traverse City, MI Rotary club is one of the wealthiest in the world is that some "swampland" (it was swampland and called the Brown Bridge properties I think) was deeded to the club in the 1970's. Then, as happened to Jeb Clampett, they 'struck oil'. At today's prices, I wonder how many $million they pull out in a year these days.

"Deep wells" are coming in with vast finds, e.g. recent 40,000 ft deep well, and a 3.5mile deep well off Brazil that was about 8.5BnBBl. Supposedly they tend to be under limestone deposits. Makes you wonder what is under Drummond Island and Rogers City, MI.
 

Forum statistics

Threads
38,156
Messages
448,748
Members
12,482
Latest member
UnaVida

Latest Posts

Trending content

Back
Top Bottom