Gull Island
There has been a quite, may semi-quite, storm brewing on the Internet as of late about a tiny, no nothing island out in Alaska, called Gull Island. Gull Island, and by extension the under it and Alaska, could be the solution to lowing the price of Oil within the next few year. This has spread so much as of late that on today’s Sean Hannity show a caller mentioned it to the guest host.
So in case you are having trouble finding out about this little island that could let me give you a little history and information that I have collected. Gull Island is located about five miles off shore from Prudhoe Bay in Alaska’s northern slope.
Gull Island, although close, is not in the Arctic National Wildlife Refuge or ANWR which you can see the border of it does not cover the Prudhoe Bay area and is a few miles north east of the ANWR area boundary, which is also clearly visible on the official ANWR site.
In the 1970’s Lindsay Williams a Chaplain for the Alyeska Pipeline Company witnessed ARCO drill, test, analyze and then cap a huge oil find on Gull Island. It’s been said that Gull Island has enough oil to pump 2 million barrels of oil a day for 200 years. We import about 10 million barrels of crude oil per day in 2007, so using 1970 era figures and technology we have solved 1/5th of our foreign oil dependence on an already drilled and currently capped well.
But that was 1970 and technology has gotten at least a little bit better since then. Keeping that in mind I believe that 2 million is a entry level figure and should at least double with current technology and methods. If we start drilling now we will see our prices start dropping soon, but it won’t be by a lot. By freeing our oil companies to build new we will be sending a message to the futures markets and futures prices will drop.
If we leave our local oil and Gull Island to just sit there we could end up paying a lot more and oil will reach $170 a barrel easy. If you don’t believe me King Abdullah of Saudi Arabia today mentioned in a speech that we should all get used to current prices and prepare for even higher rates.
But there is no problem right? We could all be switching to other cars, and all those people that can’t afford an electric car or a hybrid should just walk or take the bus, because that’s how you move a family with kids around, the bus. But let is not live off of our land here in America who is without a doubt the most resource rich country in the world from oil to natural gas.
So let the debate rage on. Let’s keep pushing our country toward a depression by raising the cost of transportation and goods to a level where the low-middle and lower class of our society cannot eat or get around. Somehow I should be more worried about a few anamials and micro-organisms in Alaska then my next door neighbor, yea that makes sense.
I’m so happy that the global warming nutzo’s have decided to change the mantra from global warming to climate change. If you haven’t noticed that subtle change you will be seeing it more and more now that people have finally started to push back. Since I can remember I’ve believed that man made global warming was plain lies. I remember watching Discovery Channel program that said the world would end in the early 2000’s because of global warming, funny that were still here.