Lindsey Williams did an interview with Goldseek last week explaining the upcoming collapse of the U.S. Dollar & economy as well as the shutting down of the biggest oil drilling rig in the world –THE LIBERTY RIG. Lindsey was a pastor to the elite during his stay in Alaska (1970′s) when they were working on the Prudhoe Bay oil field. Lindsey believes he has an ‘INSIDE SCOOP TO THE ELITE” and shares this supposed information on interviews and DVDs.
Some years ago I started to listen to Alex Jones who would have Lindsey Williams on as a frequent guest. While Lindsey was stationed in Alaska, he was told by the elite that there was the biggest oil reserve in the world right off the coast of Alaska near Gull Island. They told him that this oil reserve was secret and they were not going to tap into it until the price of oil was much higher. Basically the elite were telling Lindsey… there was no shortage of oil, rather they were controlling the world by manipulated the price of oil.
As time went by, some of the things that I heard (or didn’t hear) on the Alex Jones show or in Lindsey Williams interviews started to make me quite skeptical.
You will never hear the term ‘PEAK OIL” on Alex Jones show or from the lips of Williams. Furthermore, I would take it one step further. COAST TO COAST AM — with George Noory and frequent guests like Jerome Corsi also dismiss Peak oil while pushing the theory of Abiotic Oil (which basically means the earth has a creamy nugget center of oil).
We must remember, for MISINFORMATION to work, 90-95% of the information must be true… or the audience would smell a rat.
In Lindsey’s most recent interview on Goldseek last week, he was told by the elite that the biggest oil rig on the planet — THE LIBERTY RIG — was halted due to the supposed reason that THE PRICE OF OIL WAS NOT YET $150 A BARREL. Williams went on to say that once the price of oil would get back up to $150, BP would restart work on the Liberty Rig. Even though this info may sell DVDs and get the Abiotic Oil believers slapping themselves on their backs again… it is complete hogwash.
Here is a recent headline from the Alaska Business Monthly:
Is Liberty Dead?
An ambitious Alaska North Slope drilling project stalls as BP reconsiders
On a manmade island in the Beaufort Sea, a colossal drilling rig billed as one of the most powerful in the world juts 240 feet into the Arctic sky.
BP installed the rig to punch horizontal holes of unprecedented length to a rich, offshore oil accumulation known as Liberty.
Under the original plan, crude from Liberty should have started flowing in 2011, helping to stem the worrisome production decline from Alaska’s North Slope.
But the big blue super rig so far hasn’t sunk a single hole, standing idle for months in a mystery that seems almost as deep as the wells it was supposed to drill.
Lindsey Williams stated in his interview that the length of the well would be nearly 45,000 feet. He went on to say that commercial airlines cruise at this altitude and the Liberty Rig would be drilling down that deep. Thus, Lindsey was inferring that this ultra-deep well would be tapping into that Abiotic Oil. However, this is most certainly not the case.
The Liberty Oil Field is located six miles off the coast of Alaska. At first, BP was going to build a man-made island above the field, but eventually choose to put it much closer to the coast line and drill horizontally to the oil field. Here is a map of the area:
The BP Liberty rig is located east of Endicott on the SDI (satellite drilling island) west of the Liberty deposit.
This is a diagram on how BP planned on tapping into the Liberty Oil Reserve:
As you can see, BP needed the biggest and strongest oil rig in the world to be able to drill this length of pipe in this horizontal well. According to BP and other sources, the amount of oil contained in the Liberty Reserve was estimated to be 100 million barrels. This may seem like a lot, but it pales in size compared to Prudhoe Bay which has already pumped 12 billion barrels.
If you want to get the details of the real story, you can go to the article link: IS LIBERTY DEAD?? Here is my brief synopsis. After BP’s disaster in the Gulf of Mexico where they were experimenting with ultra deep wells, BP decided to be safe and do a review of the whole Liberty Project. According to the article:
“In November 2010, BP informed us that it was suspending construction on the project to review the rig’s engineering and design, including its safety systems,” the filing said. “The Liberty rig construction contract expired on Feb. 8, 2011, prior to completion of the rig. Before expiration of the construction contract, BP identified several areas of concern relating to design, construction and invoicing for which it asked us to provide explanations and documentation, and we have done so.
BP didn’t stop construction on the Liberty Rig Project just recently… it halted it back in 2010. BP has been in an 18 month review process and now has released their results (as of June 28, 2012):
“We have always said that we will not proceed with the project unless we can do it safely and meet all of our standards. In the end, the project as currently designed does not meet our test,” said Dawn Patience, BP Alaska spokeswoman.
“After a full review of project engineering and economics, BP has decided not to pursue the proposed Liberty project, in its current form,” she said. “BP is in the process of working with regulators to discuss the potential forward plans for the project.”
The decision comes after “a detailed 18-month review of the rig systems, an analysis of the project’s risk and economics, and an assessment of the evolving regulatory framework,” Patience said.
So what really happened to the Liberty Rig? BP realized after its disaster with the Deepwater Horizon in the Gulf of Mexico, that they did not have the technical ability to be able to drill this sort of 6-8 mile horizontal well safely… and to do so correctly, would double the project cost from $1.5 billion to $3 billion…LOL. Thus, the costs would exceed BP’s margin for profitability.
If the Liberty Reserve held 100 million barrels, BP would stand to make $10 billion in revenue if the price of a barrel of oil was $100. At a $1.5 billion dollar investment… this was a money maker. However, if costs doubled to $3 billion, it would be 30% of its future revenues. This would be a 3/1 EROI on its CAPEX only….LOL.
DID LINDSEY MAKE A COMPLETE FOOL OF HIMSELF ON GOLDSEEK?
When you do a little research and look at the facts, you have to wonder….WHO THE HELL IS LINDSEY LISTENING TO? Is this elite source really that stupid…or is he trying to mislead the public through folks like Williams or even Alex Jones?
Lindsey also spoke about the new tactic of the elite to get the price of oil to $150 a barrel. Instead of provoking a war between Israel and Iran, they are causing the overthrows of middle eastern countries and turning over rule to the Muslim brotherhood. Supposedly, the last country to be destabilized is Saudi Arabia. Once Saudi Arabia is a complete mess, the price of oil will shoot above $150 and BP’s Liberty Rig will start the project going again — that is — according to Williams.
Williams stated that this would cause havoc in the United States because Saudi Arabia is our number one source of oil imports. Even though this provides us with additional CONSPIRACY HYPE… the facts reveal the real truth.
Here we can see that Canada is our number one source of oil imports at nearly 2.8 million barrels a day (based on 2011 annual data). In 2011, Canada sent the USA, 2.3 times the amount of oil than did Saudi Arabia. Also, Mexico was the second largest source of oil followed by Saudi Arabia. Interestingly, the United States actually imported more oil from Russia & Venezuela (1.57 million barrels –its supposed rivals) than Saudi Arabia (1.2 million barrels — its supposed ally).
So what’s the deal here with Lindsey? I actually like Lindsey. He is doing what he believes is right. Unfortunately, the information he is being spoon-fed is helping to mislead the public. I believe the elite realize that PEAK OIL is a threat to their very existence. Without cheap and abundant oil, the wealth, equity and systems of our current economy become severely disrupted.
Now, don’t get me wrong… a lot of the information that Williams puts out there is correct. The US Dollar is collapsing and the U.S. economy is heading into the toilet. However, I believe the real reason is PEAK OIL and not some grand conspiracy of the elite controlling the world by oil manipulation. Hell, Bix Weir believes the same damn thing….LOL. It is really quite strange that both Alex Jones and George Noory dismiss Peak Oil, but rather push the theory of Abiotic Oil. They are by far the two largest CONSPIRACY SHOWS on the radio-internet.
Mike Ruppert of Collapsenet and the Lifeboat Hour has mentioned several times… that he believes Alex Jones is being used by the elite to mislead the public about Peak Oil. At first, I thought Ruppert was over the top… but as time went by, it started to make sense
We must remember, all large entities such as the Federal Govt & major conglomerates are the most at risk in a post peak oil environment. If the public is brainwashed to believe that the elite are controlling the price of oil (and there is plenty of oil on the planet)… it keeps them focused on hating the elite bogie-man instead of understanding the ramifications of peak oil. Peak Oil puts the power back in the public’s hands as they must revert back to a more local economy.
Lastly, some very alarming data just came out of the USGS concerning SHALE GAS RESERVES. I plan on doing a much longer post on this very subject and how it will impact the gold and silver mining industry going forward.