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The Energy NON Crisis

NoStateofMind

Diamond Member
The Energy NON Crisis video is about U.S. foreign relations and how oil plays a role in it. I think it is very important for everyone to watch.

some cliffs (if I miss any, please post them and I'll update)

1.) Alaska has enough oil reserves to last America 200 years without importing any.

2.) Lindsey Williams was a chaplain (minister) in Alaska for many workers & owners of oil companies. Worked closely with many who had knowledge about size and amount of oil being held.

2.5) Lindsey says if Alaska used as primary oil source we would see $1.50 a gallon gas in 1 year. Contrary he says they won't for reasons stated below. Also that we will see $4-$5 gallon of gas in the near future.

3.) Henry Kissinger made an agreement with Arab nations to make them rich by selling us oil. In return they had to sign a contract that they would only sell in U.S. currency & take a portion of their earnings to pay our nation debt.

4.) Out of all the oil selling nations, only 2-3 nations did not sign the agreement. Iraq and Iran are two of those nations.

4.5) He says Iran has threatened to use the Euro instead of U.S. denominated currency and flood the market with cheap oil.

5.) The world bank and the IMF control these markets.

Lindsey mentions a politician which I can't remember the name of right now.

Bad cliffs:

1.) He mentions his book too often.

2.) Becomes repetitive about a number of things.


If you can look past his constant book plugging and look at his facts it isn't a stretch to think war with Iran is inevitable.


Comments?

 
I watched the entire video yesterday. He makes some very interesting claims. The validity of his statements, from what I can tell, can't be substantiated. If true, they make a lot of sense. If not, we'll soon find out. If Iran really is going to dump tons of cheap oil into the market, traded in Euros, it certainly would explain our aggressiveness toward them.
 
Originally posted by: PC Surgeon

1.) Alaska has enough oil reserves to last America 200 years without importing any.

I hate how they always quote a time supply for oil; as if we could predict demand and consumption for the next 200 years.

why can't they give it in absolute terms (# of barrels of refinable crude) and take argueably unreliable consumption predictions out of the picture?
 
Originally posted by: makken
Originally posted by: PC Surgeon

1.) Alaska has enough oil reserves to last America 200 years without importing any.

I hate how they always quote a time supply for oil; as if we could predict demand and consumption for the next 200 years.

why can't they give it in absolute terms (# of barrels of refinable crude) and take argueably unreliable consumption predictions out of the picture?

I honestly have no idea if this is relevant, but ... 😀
http://pubs.usgs.gov/fs/2005/3043/
 
Well I haven't watched the video, but the claims about Alaska are insane. It doesn't matter how much oil a place has, it only matters how much it would cost to get it out. How the hell would we see $1.50 gas? Oil is a global commodity first, and second how the hell are we building all this infrastructure in Alaska to pump the amount of oil we need on a daily basis? Do you have any idea how much that would cost to build and maintain?
 
Originally posted by: eskimospy
Well I haven't watched the video, but the claims about Alaska are insane. It doesn't matter how much oil a place has, it only matters how much it would cost to get it out. How the hell would we see $1.50 gas? Oil is a global commodity first, and second how the hell are we building all this infrastructure in Alaska to pump the amount of oil we need on a daily basis? Do you have any idea how much that would cost to build and maintain?

Lindsey does mention it costs Saudi Arabia $5 for each barrel pumped out and $3 per barrel from Alaska.

Of course there would be a massive cost to build and maintain refineries and infrustricture in Alaska, but I'm sure that cost pales in comparison to what it is now costing us. Of course this is just my opinion. I could be wrong.
 
Originally posted by: bamacre
Originally posted by: makken
Originally posted by: PC Surgeon

1.) Alaska has enough oil reserves to last America 200 years without importing any.

I hate how they always quote a time supply for oil; as if we could predict demand and consumption for the next 200 years.

why can't they give it in absolute terms (# of barrels of refinable crude) and take argueably unreliable consumption predictions out of the picture?

I honestly have no idea if this is relevant, but ... 😀
http://pubs.usgs.gov/fs/2005/3043/

thanks, much better 🙂

Well I haven't watched the video, but the claims about Alaska are insane. It doesn't matter how much oil a place has, it only matters how much it would cost to get it out. How the hell would we see $1.50 gas? Oil is a global commodity first, and second how the hell are we building all this infrastructure in Alaska to pump the amount of oil we need on a daily basis? Do you have any idea how much that would cost to build and maintain?

I'm pretty sure we already have a pipeline running through most of alaska

--yup, just checked: http://www.alyeska-pipe.com/Default.asp
http://en.wikipedia.org/wiki/T...Alaska_Pipeline_System
 
Originally posted by: bamacre
Originally posted by: makken
Originally posted by: PC Surgeon

1.) Alaska has enough oil reserves to last America 200 years without importing any.

I hate how they always quote a time supply for oil; as if we could predict demand and consumption for the next 200 years.

why can't they give it in absolute terms (# of barrels of refinable crude) and take argueably unreliable consumption predictions out of the picture?

I honestly have no idea if this is relevant, but ... 😀
http://pubs.usgs.gov/fs/2005/3043/
iow, there are estimated to possibly be 4 billion barrels of oil. We use 6.6 billion barrels per year so there's not even a year's worth of reserves on the North Slope.

200 year supply? Doesn't seem to jibe with the facts on the ground (or under it).
 
Originally posted by: TastesLikeChicken
Originally posted by: bamacre
Originally posted by: makken
Originally posted by: PC Surgeon

1.) Alaska has enough oil reserves to last America 200 years without importing any.

I hate how they always quote a time supply for oil; as if we could predict demand and consumption for the next 200 years.

why can't they give it in absolute terms (# of barrels of refinable crude) and take argueably unreliable consumption predictions out of the picture?

I honestly have no idea if this is relevant, but ... 😀
http://pubs.usgs.gov/fs/2005/3043/
iow, there are estimated to possibly be 4 billion barrels of oil. We use 6.6 billion barrels per year so there's not even a year's worth of reserves on the North Slope.

200 year supply? Doesn't seem to jibe with the facts on the ground (or under it).

I didn't look at how many barrels we use per year, so thanks, that link is irrelevant. But I don't think it is relevant to what the guy in the video is saying, either.
 
Originally posted by: bamacre
Originally posted by: TastesLikeChicken
Originally posted by: bamacre
Originally posted by: makken
Originally posted by: PC Surgeon

1.) Alaska has enough oil reserves to last America 200 years without importing any.

I hate how they always quote a time supply for oil; as if we could predict demand and consumption for the next 200 years.

why can't they give it in absolute terms (# of barrels of refinable crude) and take argueably unreliable consumption predictions out of the picture?

I honestly have no idea if this is relevant, but ... 😀
http://pubs.usgs.gov/fs/2005/3043/
iow, there are estimated to possibly be 4 billion barrels of oil. We use 6.6 billion barrels per year so there's not even a year's worth of reserves on the North Slope.

200 year supply? Doesn't seem to jibe with the facts on the ground (or under it).

I didn't look at how many barrels we use per year, so thanks, that link is irrelevant. But I don't think it is relevant to what the guy in the video is saying, either.
How is the link irrelevant? It's based on a study instead of someone at a conference in Granada making statements without producing any actual facts to back them up.

The simple truth is that we don't anywhere near a 200 year supply of oil on the North Slope. Not even close.
 
Originally posted by: TastesLikeChicken
How is the link irrelevant? It's based on a study instead of someone at a conference in Granada making statements without producing any actual facts to back them up.

The simple truth is that we don't anywhere near a 200 year supply of oil on the North Slope. Not even close.

Well, as I already mentioned, his statements don't seem capable of being substantiated. He said that information was classified.

But this part of his speech is not exactly what I found particularly interesting. It was the part about Iran. And if he is telling the truth or not, we'll find out.
 
Goody goody, another conspiracy thread.

1. We don't have a whole lot of oil in Alaska.

2. There is no proof of any collusion agreement with the Arab nations, only conspiracy theories.

3. There is no proof of the IMF or the World Bank controlling any market. In fact, the control they can exert on anything regarding the world derivative (oil, gas..etc) markets is very minimal.

These videos are funny. Anybody can look like a pro if they take a kernel of truth, wrap it up in a bunch of conspiracy, give no definitive numbers or proof, and then post/release a video or book. Yay!

cliffs:


1. Find a piece of truth.

2. Find a bunch of lies.

3. Mix them together.

4. ?????

5. Profit!
 
I think what we should be watching for is when/if Iran denotes their currency in Euro and when/if they flood the market with cheap oil. I think that will tell us alot.
 
Originally posted by: PC Surgeon
I think what we should be watching for is when Iran denotes their currency in Euro and if they flood the market with cheap oil. I think that will tell us alot.

If they really intend to do that, don't you think the US would try to prevent it from happening?
 
Originally posted by: LegendKiller
Goody goody, another conspiracy thread.

1. We don't have a whole lot of oil in Alaska.

2. There is no proof of any collusion agreement with the Arab nations, only conspiracy theories.

3. There is no proof of the IMF or the World Bank controlling any market. In fact, the control they can exert on anything regarding the world derivative (oil, gas..etc) markets is very minimal.

These videos are funny. Anybody can look like a pro if they take a kernel of truth, wrap it up in a bunch of conspiracy, give no definitive numbers or proof, and then post/release a video or book. Yay!

cliffs:


1. Find a piece of truth.

2. Find a bunch of lies.

3. Mix them together.

4. ?????

5. Profit!

Just curious, did you watch the video?
 
Originally posted by: PC Surgeon
I think what we should be watching for is when Iran denotes their currency in Euro and if they flood the market with cheap oil. I think that will tell us alot.

They can't flood the market with "cheap oil". JHC, can't you people understand that oil is a *GLOBAL* market. It's full of conversions that make it so a barrel of oil in Euros or dollars is equiv. in price, no matter where/how you buy it. That's because even if they flooded the market (which they can't since they have OPEC quotas and it's in there best interest not to), the dollar price of oil would go down. Their revenues would go down, their profit would go down, and their wells would be dried up in no time.
 
Originally posted by: bamacre
Originally posted by: PC Surgeon
I think what we should be watching for is when Iran denotes their currency in Euro and if they flood the market with cheap oil. I think that will tell us alot.

If they really intend to do that, don't you think the US would try to prevent it from happening?

Of course they will. Thats the point of this video IMO. Get people to pay attention, so when/if these events happen we will know why.
 
Originally posted by: PC Surgeon
Originally posted by: LegendKiller
Goody goody, another conspiracy thread.

1. We don't have a whole lot of oil in Alaska.

2. There is no proof of any collusion agreement with the Arab nations, only conspiracy theories.

3. There is no proof of the IMF or the World Bank controlling any market. In fact, the control they can exert on anything regarding the world derivative (oil, gas..etc) markets is very minimal.

These videos are funny. Anybody can look like a pro if they take a kernel of truth, wrap it up in a bunch of conspiracy, give no definitive numbers or proof, and then post/release a video or book. Yay!

cliffs:


1. Find a piece of truth.

2. Find a bunch of lies.

3. Mix them together.

4. ?????

5. Profit!

Just curious, did you watch the video?

Yes.
 
Originally posted by: LegendKiller
Originally posted by: PC Surgeon
I think what we should be watching for is when Iran denotes their currency in Euro and if they flood the market with cheap oil. I think that will tell us alot.

They can't flood the market with "cheap oil". JHC, can't you people understand that oil is a *GLOBAL* market. It's full of conversions that make it so a barrel of oil in Euros or dollars is equiv. in price, no matter where/how you buy it. That's because even if they flooded the market (which they can't since they have OPEC quotas and it's in there best interest not to), the dollar price of oil would go down. Their revenues would go down, their profit would go down, and their wells would be dried up in no time.
It's been explained many times in here but some people are so wrapped up in their NWO conspiracy tinfoil that economic and market realities just don't seem to matter to them.
 
Originally posted by: LegendKiller
Originally posted by: PC Surgeon
I think what we should be watching for is when Iran denotes their currency in Euro and if they flood the market with cheap oil. I think that will tell us alot.

They can't flood the market with "cheap oil". JHC, can't you people understand that oil is a *GLOBAL* market. It's full of conversions that make it so a barrel of oil in Euros or dollars is equiv. in price, no matter where/how you buy it. That's because even if they flooded the market (which they can't since they have OPEC quotas and it's in there best interest not to), the dollar price of oil would go down. Their revenues would go down, their profit would go down, and their wells would be dried up in no time.


Ok, but I'll just sit here and wait and see instead of just writing it off. I'm not saying you're wrong, its just better to watch then to turn your head IMO.
 
Originally posted by: LegendKiller
Originally posted by: PC Surgeon
Originally posted by: LegendKiller
Goody goody, another conspiracy thread.

1. We don't have a whole lot of oil in Alaska.

2. There is no proof of any collusion agreement with the Arab nations, only conspiracy theories.

3. There is no proof of the IMF or the World Bank controlling any market. In fact, the control they can exert on anything regarding the world derivative (oil, gas..etc) markets is very minimal.

These videos are funny. Anybody can look like a pro if they take a kernel of truth, wrap it up in a bunch of conspiracy, give no definitive numbers or proof, and then post/release a video or book. Yay!

cliffs:


1. Find a piece of truth.

2. Find a bunch of lies.

3. Mix them together.

4. ?????

5. Profit!

Just curious, did you watch the video?

Yes.

You watched a 1hr 15minute video within 40 minutes? Or have you seen it before?
 
Not to mention the real problem now is not the amount of oil its the amount refined to the demand.
You can pump it out of the ground all you want but if you can't process it. . .
 
Originally posted by: PC Surgeon
Originally posted by: LegendKiller
Originally posted by: PC Surgeon
I think what we should be watching for is when Iran denotes their currency in Euro and if they flood the market with cheap oil. I think that will tell us alot.

They can't flood the market with "cheap oil". JHC, can't you people understand that oil is a *GLOBAL* market. It's full of conversions that make it so a barrel of oil in Euros or dollars is equiv. in price, no matter where/how you buy it. That's because even if they flooded the market (which they can't since they have OPEC quotas and it's in there best interest not to), the dollar price of oil would go down. Their revenues would go down, their profit would go down, and their wells would be dried up in no time.


Ok, but I'll just sit here and wait and see instead of just writing it off. I'm not saying you're wrong, its just better to watch then to turn your head IMO.

You should write it off and move on.

1. Basic economics dictate that it's in Iran's best interest to maximize oil revenues. That means that they keep oil prices high with the minimal amount of supply. If they squeeze off the market by too high of prices and demand goes down, then they drop prices. However, as long as oil demand remains price inelastic, they will maximize by charging the highest prices. They'd be shooting themselves in the foot by "flooding" the market with cheap oil.

2. Even if they did flood the market with cheap oil, the market would automatically reprice dollar denominated oil to the euro-sold equiv. There are trillions of dollars of commodity contracts traded every day (notional amount, most end up not getting settled for delivery), this is one of the most fluid markets on the planet.

If cheap oil gets released, anywhere, then the purchasers of that oil will not purchase more expensive oil. That means more expensive oil's demand goes down, dictating a price decrease, to the level that expensive oil becomes the same price as cheap. This would happen in a matter of minutes, as arbitrage profits and the market in general bring the market into alignment. If it didn't balance you could "cheap" oil in euros, sell in the "expensive" market for dollars and swpa the dollars instanteneously. You'll net a huge arbitrage profit.

Net net, it'd actually help us if they flooded the market with cheap euro oil, it'd be good for the whole world and would probably create an economic recovery in the US.

Use logic my friend, it'll never fail.
 
Originally posted by: PC Surgeon
Originally posted by: LegendKiller
Originally posted by: PC Surgeon
Originally posted by: LegendKiller
Goody goody, another conspiracy thread.

1. We don't have a whole lot of oil in Alaska.

2. There is no proof of any collusion agreement with the Arab nations, only conspiracy theories.

3. There is no proof of the IMF or the World Bank controlling any market. In fact, the control they can exert on anything regarding the world derivative (oil, gas..etc) markets is very minimal.

These videos are funny. Anybody can look like a pro if they take a kernel of truth, wrap it up in a bunch of conspiracy, give no definitive numbers or proof, and then post/release a video or book. Yay!

cliffs:


1. Find a piece of truth.

2. Find a bunch of lies.

3. Mix them together.

4. ?????

5. Profit!

Just curious, did you watch the video?

Yes.

You watched a 1hr 15minute video within 40 minutes? Or have you seen it before?

I skipped through a couple parts, I have also seen some of it before.
 
Just noticed that it seems to be ok to assume Iran would act logically with their oil, but act fanatically with a nuke.
 
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