Friday, July 11, 2008

A new view to ponder...

Here is something to think about. I recently read about a guy named Lindsey Williams who wrote a book called 'The Energy Non-Crisis' in which he talks about how the current gasoline and oil prices are artificially created by an international conspiracy designed to keep the United States buying oil from certain middle-eastern countries, particularly Saudi Arabia. He claims that the largest oil field in the world was discovered about twenty years ago just off the northern coast of Alaska. Enough oil, potentially, to supply all of North America's energy needs for the next two hundred years. This discovery was hushed up by the federal government, according to Williams, in order to keep us buying our oil from the middle-east. But why? The theory is that forty years ago Henry Kissinger, acting as Secretary of State for the United States, worked out deals with certain oil-producing countries, to buy as much oil as they could produce and make then wildly rich provided that they 1) conduct all oil transactions in U.S. dollars, practically guaranteeing that the dollar will be the accepted international currency, and 2) that these countries will spend a portion of the money WE send them to buy U.S. debt. Of course, in the last forty years the U.S national debt has gone from $390 billion in 1970 to a ridiculous nine and a half trillion dollars today. What does that mean to you and me? It means that if Williams is right, and the U.S. started producing the majority of its energy at home, the middle-east would stop financing our debt (with our own money) causing a collapse of the dollar and a recession that would make the 1930s look like a tea party. But is it true? Interestingly enough...the Arctic National Wildlife Refuge (ANWR), where all of this oil supposedly is, first became a federal protected area in 1960, and in 1980 an expansion of the refuge included 1.5 million acres of the coastal plain where Williams claims the discovery was made, requiring congressional authorization before oil drilling may proceed. It makes you think about who is really responsible for $4.25 gas.

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