Gas Price Manipulation
And Gull Island Oil
By Joel Skousen
World Affairs Brief
It’s well and good that Congress vote to stop filling the US Strategic Oil reserve because the US already has billions of barrels in the ground in Alaska–entire oil fields capped and drilled, but kept off the market. The filling of the Strategic Petroleum reserve is merely one more attempt to keep fuel in short supply. I will be blunt. There is a conspiracy to raise fuel prices and it is pernicious. No one is targeting the collusion we see daily between the oil companies.
Fred Cederholm in a Baltimore Blog noted these careful observations during the latest and suspicious run up in gas prices–too rapid and too well coordinated to be a result of natural market demands. “It must have been some pricing strategy by all of the fuel retailers because the spike [of 13 cents a gallon] occurred everywhere, regardless of the company or the brand, at almost the same moment [within 2 hours]… I had already been on-line checking world-wide news and developments when a friend and neighbor stopped at the house to tell me I had better fill up immediately because a price jump was coming. I logged off and topped off my gas supplies for all of my fuel thirsty vehicles and gizmos. I then went back on-line to find out why the spike occurred. I found not one single development, catastrophe, or explanation. I found nothing to justify the jump!” Later, the media will always be fed some event used to justify the increase, just like their servile explanations that “the stock market rose today due to some company performing better than expected.” Nonsense.
PUBLIC NEEDS TO DEMAND OPENING OF THE GULL ISLAND OIL FIELD
I have long maintained that the US government is purposely keeping US oil discoveries off the market in order to allow insider oil companies to drive up prices and save US supplies for the next war. Evidence continues to confirm that charge. A massive oil/natural gas field exists under Gull Island, located in the waters of Prudhoe Bay in Alaska, according to Lindsay Williams. Williams was an Alaska oil field Chaplain who was so successful at boosting moral during the building of the Alaskan pipeline that he was given special access to many high level meetings at the Atlantic Richfield company. At one of those meetings, he witnessed, first hand, discussions confirming a successful find of a massive new oil field near Prudoe Bay in Alaska–at Gull Island the day before the meeting.
A few days later, the chief operating officer of Atlantic Richfield for Alaska, Ken Fromm, who had invited Williams to the meeting, called him and told him he must never mention this new discovery–that the US government had classified it and was ordering it capped. It is still being held off the market and is not part of the environmental lock-down of oil in the Arctic National Wilderness. Williams was given a British Petroleum memoranda [probably by Fromm] which related the statements of upper echelon oil officials from Arco which said that Gull Island would be kept under wraps, limiting domestic supplies so Americans would someday see prices hit up to $10 a gallon at the pump.
Lindsey Williams decided to violate that informal ban and publish a book, The Energy Non-Crisis, about the scandal. Ken Fromm was finally fired by Atlantic Richfield for allowing Williams in on the meeting and for helping correct technical details in Williams’ book. He told Williams that the Powers That Be were making sure his book would be suppressed and would not get any establishment media coverage.
Here’s an excerpt from Chapter 17 The Energy Non-Crisis. The entire book is online and on U-tube videos: http://educate-yourself.org/cn/lindsywillaimsvideos22may07.shtml
“Gull Island just proved what the oil companies have believed for some time. It authenticated the seismographic findings. Seismographic testing has indicated that there is as much crude oil on the North Slope of Alaska as in Saudi Arabia. Since the Gull Island find proved to be seismographically correct, then the other testings are correct also. There are many hundreds of square miles of oil under the North Slope of Alaska.
“To clarify what I am about to say, let me first re-emphasize that the government permitted the oil companies to drill and prove many sites (subsequently making them cap the wells and keep the proof of the finds secret), but they do not allow them to produce from the wells. This is why I have referred (below) to a number of wells having been drilled (after I left the North Slope). The only production permitted is from the small area of the North Slope.
“Gull Island is located five miles off shore from Prudhoe Bay. It is in the Beaufort Sea. The chemical structure of the oil at Gull Island is different from that of the oil in the Prudhoe Bay field and the pressure of the field is different, proving that it is a totally different pool of oil from that at Prudhoe Bay… Three wells have been drilled, proven, and capped at Gull Island. The East Dock well also hit the Gull Island oil pool (you can tell by the chemical structure). For forty miles to the east of Gull Island, there has not been a single dry hole drilled, although many wells have been drilled. This shows the immensity of the size of the field.
“Only recently, just west of Gull Island, the Kuparuk oil field has been drilled. Again, this is a totally separate pool of oil from either the Prudhoe Bay field or the Gull Island field. The chemical make up of the field and the pressure of the field is different from the others, proving it to be a totally separate pool of oil. In an entirely different area of the North Slope than the 100-square-mile area of the Prudhoe Bay field, the Kuparuk field is approximately 60 miles long by 30 miles wide and contains approximately the same amount of oil as the Prudhoe Bay field.
“From 1973 through 1980 we were being told continually that America was in the midst of a major energy crisis, yet no oil production was allowed from the Kuparuk field. It wasn’t until 1981 that permission was finally granted for production. Why the delay–if there really was a crisis? The reason Mr. X made the statement that there is as much crude oil on the North Slope of Alaska as in all of Saudi Arabia is because the oil companies have drilled all over the North Slope and have proven there is that much oil there, but still they are only allowed to produce from the small area.”
“Americans will also be shocked to know that almost all Alaskan crude is shipped overseas (most to Japan) while America has to import most of its oil. “Possibly you have heard it stated that the Alaskan crude oil has such a high sulphur content that it cannot be refined by most oil refineries in the U.S. We are being told that this is the reason why the Alaskan oil is not helping to solve America’s energy crisis. This is also the excuse that is being used for shipping Alaskan crude oil to other countries. It has also been reported that major power companies are even telling this to their customers, using it to justify their need for rate increases….[However] An August 11, 1980, analysis of the Prudhoe Bay crude oil, which is flowing in the Trans-Alaska Oil Pipeline, reads as follows: Sulphur content – 0.9% The sulphur content of the Prudhoe Bay Alaskan oil is low in comparison to oil from other sources in the U.S., as well as many foreign oils.”
World Affairs Brief – Commentary and Insights on a Troubled World.
Copyright Joel Skousen. Partial quotations with attribution permitted.
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