FINAL WARNING: Ready to Spring the Trap
much oil, that if it were drilled, “in five years the United States could be
totally energy free, and totally independent from the rest of the world
as far as energy is concerned.” The Prudhoe Bay oil field is one of the
richest oil fields on earth, able to produce an oil flow for at least 20
years, without the need of a pump; and a natural gas supply which
could supply the entire country for 200 years. However, the
Government wouldn’t allow it to be pumped out, and it is funneled
back into the ground. The Gull Island find had a different chemical
structure, as did the Kuparuk oil field, west of there, which meant that
the three different chemical compositions indicated the existence of
separate pools of oil on the North Slope in an area of 50,000 square
miles. Needless to say, this seems to be an almost unlimited supply of
domestic oil.Another ARCO official told Lindsey Williams, a chaplain for the work
camps on the Trans-Alaska Oil pipeline, that “there will never be an
energy crisis (because) we have as much oil here as in all Saudi
Arabia.” Williams had witnessed a huge oil discovery at Gull Island (5
miles north of Prudhoe Bay in the Beaufort Sea) that could have
produced so much oil, that the official said that another pipeline could
be built “and in another year’s time we can flood America with oil-
Alaskan oil ... and we won’t have to worry about the Arabs.” However,
a few days after the find, the Federal Government ordered the
documents and technical reports locked up, the well capped, and the
rig withdrawn. Their excuse was that an oil spill in that part of the
Arctic Ocean would kill various micro-organisms. Williams felt that the
U.S. Government was deliberately creating an oil crisis, and delaying
the flow of oil, in order to bankrupt the oil companies, which would
lead to the nationalization of oil and gas.William Brown, Director of Technological Studies at the Hudson
Institute, said: “The President (Carter) said there is no chance of us
becoming independent in our oil supplies. That is just wrong. We have
at least 100 years of petroleum resources in this country.” In 1976,
proven resources were set at 37 billion barrels and the estimated
recoverable resources were set at 150 billion barrels. This is about a
50-year supply at current usage levels. The American Petroleum
Institute said in their 1977 Annual report, that recoverable crude was
set at 30.9 billion barrels, and with today’s technology, the amount of
recoverable crude was 303.5 billion barrels, which is about an 80-year