QUOTE(Vagrant0 @ Jun 5 2008, 04:29 PM)

QUOTE(DarkWarrior45 @ Jun 5 2008, 07:54 PM)

America is also part of OPEC, so yes, if they weren't importing as much oil, there would be more available for other countries, and if there was enough of it, they would probably be among those countries supplying. The reason oil prices are so high isn't so much supply and demand, but also because there have been people speculating the price all over the world. If a sudden influx of oil hit the market, the price of oil would drop, and many of these speculators would be in trouble as they get stuck holding stocks which have now plumeted.
The effect on the middle east would be ruining the power game that Saudi Arabia and some other countries have been playing the last few decades. At the moment they pretty much have the world by the balls, and can cause problems just by deciding to limit production for awhile. They, afterall, are still getting money from countries regardless since everyone needs their oil. The Alaskan Oil fields, incase anyone was wondering, are estimated to contain more oil than most of what the middle east has access to. There just happens to be angry protesters and special interest groups, who often have no idea how the world actually works, standing in the way.
No, the United States is not a member of OPEC and never has been.
http://www.opec.org/library/FAQs/aboutOPEC/q3.htmCountry Joined OPEC Location
Algeria 1969 Africa
Angola 2007 Africa
Ecuador(**) rejoined 2007 South America
Indonesia 1962 Asia
IR Iran* 1960 Middle East
Iraq* 1960 Middle East
Kuwait* 1960 Middle East
SP Libyan AJ 1962 Africa
Nigeria 1971 Africa
Qatar 1961 Middle East
Saudi Arabia* 1960 Middle East
United Arab Emirates 1967 Middle East
Venezuela* 1960 South America
*founder Members
** Ecuador joined OPEC in 1973, suspended its membership from Dec. 1992-Oct. 2007
While the U.S. may have a lot of it’s own oil, it is more expensive to refine & yes I’m sure there are national security reasons for not doing so also.
I’m preparing a summary of the Lindsey Williams video, will post or edit this later.
EDIT:
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My summary of Lindsey Williams’s video, this is not my opinion just what I heard him say (it’s sporadic I’m sorry can’t write very fast).
He served as Chaplain, on the northern sector of the Trans-Alaska Oil Pipeline for many years.
What we pay at the gas pump is a form of taxation to “them”.
In 1960-1970 Henry Kissinger struck a deal with most of the Arab countries to buy there oil and the following.
1. Denominate the oil prices in U.S. dollars
2. Take some of that money and buy our national debt.
Two counties didn’t sign; Iraq and Iran.
He says that that’s why Bush Sr. went after Saddam Hussein.
He was in a meeting with 8 other men & they were excited about finding a new oil patch at Gull Island in Alaska, the biggest in North America, possibly ever & the America will be energy independent. The next day he was told not to talk about it & that it has just been classified & there will be no oil released there any time soon.
“The standard currency of the world is oil”
Lindsey says “they” had a 30 year plan and it seems to be going just the way “they” planned it.
Ken From in Houston with Atlantic Richfield called him one day touting that crude oil is going to $10 a barrel.
Now we know it has gone up to that.
The 3 largest oilfields are:
1. Saudi Arabia
2. Iraq
3. Iran
It cost $5 a barrel to get oil out of the ground in Saudi Arabia.
It cost $3 a barrel to get oil out of the ground in Alaska.
Who gets the money?
1. The country it came from
2. A middleman “them” & they set the price (& have control)
3. Oil company like Exxon or Shell.
4. The local gas station
Lindsey William says that “them” is the IMF & The World Bank (they have all the power).
He says that Iran has threatened to flood the market with cheap oil & denominate with Eros & this would cripple America.
He also says that if we opened up the Alaska oil the Arab countries would not have to buy down our debt & the U.S. would go bankrupt.
He later mentions another author named John Perkins who has similar views.
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Lindsey blames the high oil prices & some other things on the IMF & IBRD (International Bank for Reconstruction & Development) commonly known as the World Bank.
I did some investigation & found that The United States has a large voice on INF, 16.77 vote.
http://www.imf.org/external/np/sec/memdir/members.htmU.S.’s IMF governor is Henry M. Paulson, Jr. and the alternate is Ben S. Bernanke.
Henry M. Paulson, Jr is also the Secretary of the Treasury
http://www.whitehouse.gov/government/paulson-bio.htmlBernanke is also a Federal Reserve chairman
http://www.federalreserve.gov/aboutthefed/...rd/bernanke.htm