Northern Slopes Of Alaska Have Enough Oil Reserves To Supply USA For More Than 200 Years, The Energy Non-Crisis By Lindsey Williams ** RETIRES AFTER DEATH-THREATS, NOW READ HIS BOOK FREE ON-LINE

The Energy Non-Crisis By Lindsey Williams At Amazon (Currently unavailable)

North Alaskan Slope Blog (see comments)

Lindsey Williams Retires Owing to Death Threats

!!! READ HIS BOOK NOW FREE ONLINE !!!

Lindsey Williams talks about his first hand knowledge of Alaskan oil reserves larger than any on earth. And he talks about how the oil companies and U.S. government won’t send it through the pipeline for U.S. citizens to use. free ‘The New American’ magazine download-the NAU issue: http://www.thenewamerican.com/node/6230 http://www.free10dvds.com –Terrorists’ Activities: prior knowledge furnished to the FBI six months in advance of 9-11–free download: http://www.scribd.com/doc/496170/Terrorists-Activitiesprior-knowledge-furnished-to-the-FBI-6-months-in-advance-of-911

God bless you, Linsey Williams, for having done what you’ve done for as long as you did.

His book is now available free online. It seems that death threat was the worse thing they could have done: now it’s out of Williams’ hands.

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Filed under: Corporations, Crime, Economics, Financial, Humanity, Journalism, Middle East, North America, Politics, World Affairs, , , ,

14 Responses

  1. wilco278 says:

    He talks about Gull Island not being brought in… it has. It’s called Northstar.
    As a former regulator with some experience on the North Slope, I would say that Mr. Williams is good at half-truths, innuendo, and passing on rumors from folks who don’t see the whole picture. Yes, natural gas is reinjected into the reservoir. That is done to maintain reservoir pressure to get the oil out. That is, both from an engineering standpoint and state statute, the best way to get the greatest quantity of oil out of the reservoir.
    Yes, there is a lot of oil still in the ground at the North Slope and in other oil provinces in the world. The truth is, at what cost? What is the economically recoverable reserves of a field? The era of $20/barrel oil is over. There is a lot of oil at $500/barrel. Those deep wells he talks about are only economically at $100+/barrel. Deep wells are expensive. Cold oil is expensive. Heavy oil is expensive. Cheap oil is over folks. The future is expensive oil.
    FYI – BP does not operate both east and west sides of Prudhoe Bay. BP operates part of the west side (the “traditional” BP area) and the east side (the former ARCO area), but most of the west side is operated by ConocoPhillips.

  2. Ed says:

    Interesting. Stupidly, I’d never thought of the oil price changing depending on how deep it is (or how ‘cold’ or heavy it is).

    Thanks for your comment wilco, I’ll look further into it 🙂

  3. wilco278 says:

    When talking about oil reserves (or any extractive natural resource) there’s a couple different terms in use. “Proven reserves” is just that, reserves that are known with some certainty to be there. “Estimated reserves” are what a knowledgeable person could assume to be there, and are usually much greater than proven reserves, but with significantly less certainty that they exist. I suspect that Mr. Williams is referring to fairly optimistic estimated reserves in his talk. Regarding oil, the term to look at is “economically recoverable reserves”, which is how much could be profitably be extracted at a given price point. ERR is contingent upon many factors, like quality of the oil, formation characteristics (like porosity of the rock, depth, size of the field), and lifting costs. As the price point goes up, the amount of oil that can be produced from a field goes up also, since it becomes profitable to do things like maintaining older low volume wells longer or using enhanced recovery techniques like gas or seawater injection. Prudhoe Bay has produced almost twice as much oil as originally intended, primarily due to the increased price of oil and the use of new technologies. When TAPS went online in 1977 Prudhoe Bay was estimated to have enough economically recoverable reserves (at ~$17/barrel) to last twenty years. Thirty years later it is still producing roughly 500,000 bbls/day.
    The cost of producing crude oil from a formation is generally referred to as the lifting cost. In the Middle East, lifting costs are in the $4-$7/barrel range. East Texas is slightly higher, at $6-$10/barrel. Alaska North Slope is running $12-$18/barrel. Many of the newer finds, like deep Gulf of Mexico or shallow cold oil, are running $20-$30/barrel to pump. There has not been any large, low lifting cost fields discovered in the last dozen years or so. That’s one of the reasons why the price of crude oil is going up. As the older, lower cost fields are being depleted they are being replaced with production from smaller, higher cost fields.

  4. Ed says:

    Easily done, I suppose. The uneducated ear often hears screams where there are none. Do you think, perhaps, that Mr. Williams could be over-simplifying his lecture for the benefit of the layman during his book tour?

    He talks of quite a few industry insiders that have written the foreword and re-edited the entire manuscript for him, so should one assume this and reserve judgement until the book itself has been read?

    Is it your opinion that there is no economic piracy or Machiavellian political wranglings within the industry? Or rather within the global economic infratstructure that ties oil production so neatly to the political and economic spheres (particularly with regard to US foreign policy, for example)?

  5. Ed says:

    Thanks for that link, woodbutcher1 😀

  6. Ed says:

    Heehee! Even better, now his book is available for free online… :D:D:D

    http://tobefree.wordpress.com/2008/06/10/lindsey-williams-book-now-online-the-energy-non-crisis/

  7. wilco278 says:

    Ed – regarding my opinion on whether there is economic piracy or Machiavellian political wrangling within the oil industry et al. – I’m probably not in a position to make a call on the economic piracy question. I simply am not informed enough on that issue. Regarding political wrangling – the major oil companies weren’t known as the “Seven Sisters” because of their CEOs wore dresses. My opinion is that the major oil companies (i.e., ExxonMobil, Shell, BP, ConocoPhillips, Chevron, and to a lesser extent Tesoro) act like a dysfunctional family. They squabble and fight between themselves, but quickly develop a unified coordinated front when it serves their best interests. They most definitely engage in “political wrangling” as you put it, and are not above bending or rewriting laws to serve their ends. For a recent example, review the current FBI investigations into oil industry bribes of the Alaska state legislature. The Anchorage Daily News is a good start.
    http://dwb.adn.com/news/politics/fbi/
    Or do a Google search for “Veco FBI bribes Alaska”. There were other occasions in the past in Alaska that also involved threats to whistle blowers, so the purported threat to Mr. Williams may have a grain of truth.

  8. wilco278 says:

    Ed – If the reference to Veco is confusing, here’s the connection. Veco is an oilfield services contractor to the majors (in this case ExxonMobil, BP, and ConocoPhillips). The majors had Bill Allen, the head of Veco, do all their dirty work so that if the deal went sour they could deny pulling the strings. It blew up so bad that Veco ended up being bought by CH2MHill.
    I generally disagree with Chuck Hamel, but he is another person that ran afoul of the oil industry. Do a Google search for “Chuck Hamel Alyeska Wackenhut Spying” Alyeska is the consortium of oil companies that operate the Trans-Alaska Pipeline and Wackenhut was the outfit that Alyeska and BP hired to spy on Hamel.

  9. Ed says:

    Wilco, thank you kindly for your considered and measured comments here. This film alone has been watched by approximately 300 people since I put it up, so hopefully the majority of them have benefited from your viewpoint and tasty morsels of insider info.

    Any industry is amok with espionage and deception, the larger the more so. People – i.e. consumers – just need to know what they’re dealing with. There’s a reason this kind of information isn’t allowed out, and why death threats abound, and it’s because once exposed these individuals find themselves unable to continue indulging in such chicanery (or it is at least harder).

    Evil prospers when good men do nothing, as the old saying goes.

    All the best.

  10. Frank says:

    I just hope they dont kill him or he doe’nt kill himself 😉

  11. […] Some other posts that talk about Gull Island are here and here. […]

  12. M West says:

    Great article from Anchorage-based Petroleum News – “Gull Island buzz: 200 years of oil from Alaska’s North Slope?” It includes a map and deals with all the legends and allegations about the oil potential of Gull Island, which is offshore the North Slope in Prudhoe Bay.
    Here’s the link to the article in html (text): http://www.petroleumnews.com/pnads/690171677.shtml
    Here’s the pdf version that shows article and a map http://www.petroleumnews.com/pdfarch/543591276.pdf#page=1
    I called them and PN executive editor Kay Cashman is looking for more information on Gull Island kaycashman@petroleumnews.com. The newspaper is going to continue follow the subject.

  13. […] Enough Oil Reserves To Supply USA For More Than 200 Years, the energy Non-Crisis By Lindsey Williamshttp://radicalfilms.co.uk/2008/06/08/northern-slopes-of-alaska-have-enough-oil-reserves-to-supply-us…Writer says Dems are to blame for oil crisis Lodi News-SentinelI got a call from a young man working […]

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I'm a Media and Communications graduate from Goldsmiths College, London, a Project Manager and Web Developer (C#, PHP). In my spare time I like to write fiction, music, and read current affairs.

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