Alaska's Gull Island Oil Fields Could Power U.S. for 200 Years. By Mark Anderson. August 6, 2006

He cited key British Petroleum memoranda and related the statements of upper echelon oil officials who told him that Gull Island would be kept under wraps,

Way too self serving, fortuitous and suspicious timing; I don't buy the whole ploy to drill Alaska.

He told AFP that the IMF-World Bank acts as a middleman between oil producing nations and refineries. In so doing, they set oil prices, he said.

LOL break out the tin foil hats

This post would make a great stage play at Disney land,

Great recommendation, people need to see what dirty dealings the corporate interests have had in the global policies throughout our American history. It is a sordid and ugly tale, seldom told.

"Democracy"? I thought the United States was a "Constitutional Republic" as our founding fathers deemed in their documents. Please correct yourself sir. From the Pledge Of Allegiance...."and for the Republic for which it stands..."

Something to do with copying the Roman Imperial agenda huh!

People that use this angle are all about making sure that only elitists have power and that the rest of us stay stupid. Our representatives get to play with democratic ideas, but we get to play with propaganda from the corporate owned (mostly republican) Mainstream Media.

One of the parties does try and practice democratic ideas. I can't vouche for the other one. We saw what that means: Winner takes all, with Bush and your top down agenda.

You clearly don't understand the math then. We are using over 20 billion barrels of oil a year right now. We have been increasing our usage at between 4-7% a year for the last 20 years. Or in other words, we are using far more oil today than we were in 1986. Go look at any EIA chart. Furthermore, the official EIA reports give no numbers for oil anywhere in Alaska on any such scale, ANWR may hold at most 11 billion barrels or barely 6 months of oil for this country. Those are official numbers of the U.S. government, not mine.

You say there is enough oil for 200 years right on the title.

Do the math 20 billion times 200. It equals 4 trillion or more than 4 times the rest of the known supplies ever recovered for the entire world in the last 150 years.

The man is nuts. Your inelastic statement has no meaning.

I can say that the moon is solid therefore I might get hurt if I run into it too fast.

You clearly haven't been listening to the likes of T Boone Pickens. His recent interview on Bloomberg's online news layed out the facts that when supply is outstripped by demand prices rise. If demand cannot be met then there is a point where hoarding sets in due to fears of future supply issues. We are clearly in a hoarding phase of pricing.

The U.S. reached its own peak oil point, that's the point where our supplies can no longer meet demand back around 1970. That is the point where gas prices started rising. Today, we have to import and have done so at an immense expense to this economy a growing percentage of oil form outside the U.S. That means we have a huge balance of trade problem where we have to buy nearly a trillion dollars worth of foreign oil a year.

The idea that corporations or the government of this country would be willing to sit on such a huge supply of oil all this time is beyond lunacy. I have no love for this government or its oil industry. But no one in that industry in their right mind would sit on such a supply all this time.

I clearly don't think you have thought much about this issue or have any clear background in it, or such off the wall ideas would not have been posted. The cost of oil effects every aspect of this culture, from plastics, fertilizers, drugs and not least our food prices.

As we have seen with the new interest in Canada's dirty shale deposits, this is not the kind of oil that will come with the same kind of price tag. Some experts are clearly suggesting that the current price rise is all about pushing these poorer quality, more expensive grades of fuel to use onto the market. It is very likely your hero may not have had the brightest awareness of the difference in types of oil that may have been available. There may very well be an immense potential of shale in Alaska as there is in Canada. It has not come to light, and if it were there, it would represent even more opposition to its mining as it would require strip mining immense amounts of land and at huge expense.

For the beginner in this field there terms like the ratio ratio of energy put into production vs. what is gotten out. Shale has a fraction of the energy in it that North Sea sweet crude has.

For anyone who has eyes then end of this high quality crude is soon coming to a close. What will your great grandchildren be relying on if we don't dramaticaly change the way we mine or use dozens of non-renewable resources, including steel, copper, and a number of other metals that are becoming increasingly scarce?

There are clear examples of what would happen to this society if the price of oil doubles one more time. It will have dramatic effects across the board making a recession into something far worse. I don't know about you, but my parents were hit very hard by the last depression. To me, they represented the classic example of a conservative. Waste nothing and be frugal. Those values are no longer to be found by hardly anyone anywhere.

Thanks to the current admistration's attacks upon the rest of the world, he has launched a new cold war, energy wars that we will no longer be able to compete against because we are now using more oil than anyone else in the world. The rest of the world is fully capable of paying just as much as we are for that oil and there is no doubt because of our excessive bullying in the middle east that the largest producers in the world won't just be selling it to us because we are nice guys.

Many experts I've read predict that this country is in for a long downward slide that will not be reversed until the country either dramatically reduces its energy usage or finds renewable sources onshore. And don't think nuclear power will come to you save you either, as the U.S. has one of the poorer supplies of uranium, considering the global supplies. CFR has already done studies on this and they show that nuclear even if reopened could barely hold its own ground... And that's from the Council on Foreign Relations... The elitists that have been ruling this country for the last 70 years.

Keep that SUV and watch the country go to hell just like it did under Reagan in the early 80's. The Fed has alredy pulled its punches, We get another surprise like Katrina and this mess will tank.

Take the blinders off bud. Its a world of your making. Supply and demand has a big curve. When enough lolly pops can no longer be made fast enough or in big enough quantity the price goes up.

If the price doesn't go up, but starts to double over periods of time, that include suggestions of hoarding, you might want to pack your bags and head to Venezuela. :)