9/11 Ringleaders Behind
Exxon Valdez Tragedy

By Jon Carlson

 

Wow, Uncle Dick! We didn't just do it to the country--We're doing it to the Whole World!

 

GHW Bush Honored For Committment To Germany!

Holbrooke told The Associated Press that Bush, who was president in 1989-93, lobbied for Germany's reunification against the wishes of his counterparts in Britain and France.

The Nazi Germany spy plot was to infiltrate the US government UNKNOWN and make changes to every aspect of a Christian middle class America that would destroy the basic foundation on which the country rests and wreck Germany's WWII opponents while they are at it: Canada, Russia, Australia, UK, New Zealand, and China.

An FBI agent circa the Bush I administration said 'They are making everything that was illegal legal." That agent said the FBI knows where illegal aliens live but the Bush administration wouldn't let them do anything about it. When asked why Russia and Russians were being dumped on in spite of their role in winning WWII and their similarity to Americans vs. the usual illegal aliens, he said it was government policy. Never passed by Congress, of course: JUST PUSHED BY THE NAZIS TO WRECK AMERICA'S WWII PRIME PARTNER!

Here is the Nazis WINNING Scorecard: The US turned from the World's largest creditor in 1980 to the World's greatest debtor (THE 2009 DEFICIT IS PROJECTED AT OVER ONE TRILLION DOLLARS.):

 

The Secret War Against the Jews, by John Loftus and Mark Aarons, explains Nixon's use of Nazi groups to provide the razor thin margin the GOP needed in national and state elections. However, once they got their foot in the door it all over for America! Some excerpts:









9/11 was a KISS (Keep it simple, stupid) operation FOUR TIMES, so simple that even the US Navy couldn't screw it up but they did FOUR TIMES! Four remote controlled aircraft with four napalm bombs strapped to the understructures plus various sundry bombs: two Boeing 737 aircraft hit the towers, NOT the Boeing 767 flights, UA175 and AA11; two A3 Skywarriors departed the aircraft carrier George Washington anchored off Long Island on 9/11 also loaded with fighter jets that never made it into the air to protect America. One A3 Skywarrior guided by the white Saab Jet seen in all 9/11 locations by the camera and/or witnesses was blown up in Pennsylvania as it headed WEST not East as the fairytale claimed. The other A3 Skywarrior also guided by the white jet smacked a Pentagon wall and dropped to the ground AND a half hour later preplanted explosives brought the wall down.

US Navy helicopters waiting at the South Tower and at the Pentagon took over final guidance from the white jet. The North Tower Boeing 737 was guided completely by the white jet flying in formation right above it.

The big plan was to hide the South Tower helicopter like a BIG MAGIC SHOW in a smoke plume created in minutes from hundreds of barrels of creosote oil located on one North Tower floor. The big problem was the need for a NW wind to blow the smoke plume over the South Tower. When the NW wind weather forecast came on September 6th, Bush made his big decision, thumbs up, and 85 year-old Bush I had to leave his rocking chair to get to DC to manage the standdown of America's defense while Bush II took the usual Situation Room crew to Florida so there would be no witnesses.

The South Tower helicopter waited 59 minutes after the crash before setting off preplanted explosives to bring that tower packed with Americans to the ground and departed to the aircraft carrier. A half hour later the white jet did the same to the North Tower and later in the afternoon did the same to WTC7. The BIG MAGIC SHOWS were all caught by the cameras and witnesses. All of the photographic analysis is in our archive below.


Jeff Koopersmith uncovers the Nazi supporters in the Mainstream Media with a MUST READ analysis. and covers the wrecking of America especially since 1980 in an equally penetrating article.
Jeff says he is still a Republican fighting inside.




An associate of Hitler and Bush I, Otto Skorzeny (left), was cheated out of large sums of money by 'George Herbert Walker Bush' after both left Nazi Germany, Bush about 1930 and Skorzeny after WWII. To turn the tables, Slorzeny told the origins of the 'Bush family' using SIXTY supporting Nazi Germany photos:

Bush's father, 'Prescott Bush', his mother, and Bush I, were captured in a rare photo (see below) when Bush I was in his teens serving in the German Navy.

Read the first installment:
The 9/11 German Connection: Bush I, Born and Trained As A Spy In Nazi Germany
http://www.hoaxofthecentury.com/911GermanConnection1.htm

In the second installment the spotlight turned on Bush I with a collection of later Bush I photos establishing beyond a shadow of doubt that the rare photo was indeed incriminating. Clearly Prescott Bush, Bush I, and Bush II are German Citizens with allegiance to Germany. Presidents are required to be native born and owe their allegiance to America.

The 9/11 German Connection:
9/11 Ringleader And Nazi CIA Behind
The Sabotage of America
http://www.hoaxofthecentury.com/911GermanConnectionBush1.htm

In the third installment the spotlight turned on Martin Bormann, the No. 2 to Hitler in Nazi Germany, the Scherfs ('Bushes') were exposed as German Jews (Also Google Scherf Jewish), and the proof that Katrina was another US Navy, CIA, Bush Administration Black Op courtesy of the Nazis.

9/11 Ringleaders Execute Brilliant German
Spy Plot Destroying America: KATRINA
http://www.hoaxofthecentury.com/911GermanConnectionBormann1.htm

The fourth installment answered America's question why 'Barbara Bush' looks so old for her age. Answer: Both 'Bush I' and 'Barbara Bush' are lying about their ages. Photo analysis prove beyond a shadow of doubt that they are about TEN YEARS OLDER THAN CLAIMED. That analysis blows a KINGSIZE hole though their claim that they were native born Americans circa 1925 with an allegiance to America not Germany.

9/11 Ringleaders Execute Brilliant German Spy Plot: ID Theft
http://www.hoaxofthecentury.com/911GermanConnectionIdentityTheft1.htm



Furthermore Sherman Skolnick reported that a US ambassador and his wife 'stood in' for 'Barbara Bush's' parents at her wedding as her alleged publisher father and wife 'weren't available' (Probably back in Nazi Germany.). This photo confirms that story. Pictured are the plain Jane German Jew 'Barbara Bush' at age 30 CLEARLY NOT age 20 as claimed in the Bush family fairytale with 'Christian parents' that have no physical resemblance to her whatsoever:

Sherman Skolnick said some Jews used Christian names and didn't practice their faith or even took on the Christian faith in their trip to money and status. Now America knows why the Bush White House has a collection of Jews none of them hiding their Jewishness unfortunately.

Obama and DNC Fail To Answer Suit Charging Obama BORN IN KENYA

Sherman said many Christians blame the Jews for killing Jesus. With 9/11 prime suspects being German Jews Nazi Spies Bush I and Bush II AND Albanian Jew Tenet (Jewish name Cohen) with assistance from the Nazi CIA and US NavyTHEY ARE BACK!

CIA Helped Bush I In 1950's Oil Venture

Highlighted in this rare Otto Skorzeny photo from his collection of SIXTY Nazi Germany photos are 'Bush I' (George Scherf, Jr.), 'Prescott Bush' (George Scherf), and wife. Circled in red far left is MARTIN BORMANN, eventual No. 2 to Hitler. Both Bormann and 'Bush I' are dressed in their German Navy outfits. Bush I was about 18 years-old in this photo with Bormann, Otto Skorzeny (far right), and Mengele (rear) in their 20's. This photo was shot circa 1933.

Nazi Germany photos of Martin Bormann, Bush I, Prescott Bush, and his wife, and later US photos are dead matches, proving Otto Skorzeny has gotten even and more for Bush I stealing from him:



As in War murder is Weapon No. 1. Murder, Fear, Threats, and Bribes keep the GOP pols in line. A number of Democrats were killed in plane crashes. Teddy survived one and never was the same. Hale Boggs, Ron Brown, Wellstone, JFK,Jr. Several blackmailers of the Nixon role in the JFK killing were killed in a similar MOD plane crash, a descending aircraft bomb. The anthrax went only to Democrats. Fort Detrick Scientists Admit Source.

From Hitler to Iraq: How Fascists Took Over America

The Nazis tactics of murder, fear, and threats and oil company bribes of Congress now rule America. Oil companies are the other major component of the Republican party serving as Nazi CIA functionaries as well. When Bush demands it the GOP House members vote 188 to 1 for his proposal. Americans voting for GOP House members are taken for FOOLS!

THE GRAND OIL PARTY

The Bush/Cheney Campaign Is The Largest Recipient Of Campaign Contributions from Oil And Gas Industry in both 2000 and 2004. From 2000-2004 the Bush/Cheney campaign received $3,964,596 in campaign contributions from the oil and gas industry. [Center for Responsive Politics, Campaign Finance Data, 2000-2004]

Freddie Mac, AIG, JPMorgan Helped Stage Republican Convention
Also Goldman Sachs, Target, Qwest, Best Buy, Cisco Systems, UnitedHealth Group, AT&T, Microsoft, New York Jets, Saginaw Chippewas. None asked authorization from their stockholders no doubt.

The main thrusts of the Nazis plan to wreck America were: (1) destroy America's once proud productive corporations, (2) eliminate well-paying jobs sending vital manufacturing to countries with a favorable exchange rate, (3) increase public sector jobs beyond need, (4) corrupt the formerly excellent professional health system into a MONOPOLY BUSINESS WITHOUT PRICE AND QUALITY CONTROLS, (5) enormous unneeded defense expenditures, (6) enormous debt accumulation throughout the economy, (7) the virtual shutdown of enormous US energy resources by substituting foreign sources, (8) corrupt America's only political party, the GOP (The democrats are a COLITION OF GROUPS NOT A PARTY.), (9) flood the country with non-English speaking, poorly educated foreigners, (10) allow greedy unions, especially public sector unions, WITHOUT WAGE CONTROLS, and (10) corrupt US media and websites so America is none the wiser. 9/11 was the ultimate test of the German controlled Media like the Murdock properties. The most treasonous destructive act against America in history and the US media and websites cover for the Nazis.

This photo shows how oil imports skyrocketed after the destruction of the Exxon Valdez oil tanker, the Exxon Valdez 9/11:

 

9/11 and Exxon Valdez 9/11 were rare historical Black Ops aimed at America by the Bush Administrations, the US Navy, and the Nazi CIA. All of the black ops are near water compliments of the US Navy that should have been eliminated after WWII. This graphic shows that the intentional running of the Exxon Valdez on to the Rocks of an Alaskan reef was the MAJOR 'oil spill' that America has had to face ranking No. 35 on the Worst Spills list:

This photo of the Valdez oil terminal is where the Exxon Valdez was loaded:

This map shows the portion of Alaska affected by the destruction of the Exxon Valdez: The RED SPOT depicts the location of the grounded oil tanker 25 miles from Valdez.. It is an IDEAL SPOT for the EXXON VALDEZ 9/11. An oil spill closer to Valdez would have been contained within the Valdez Narrows and would have been manageable. Within Prince William Sound deep water prevents grounding. The Nazis big problem was getting the ship to hit the well known reef at a high speed so a massive oil spill occurred. The reef was protected by Coast Guard radar and EVEN fishing boats were warned off. NOT THE EXXON VALDEZ. Besides the Exxon Valdez has its own radar.

When under presidential control the Coast Guard becomes part of the US Navy. Does that ring a bell? The totally obsolete US Navy does all of the over-, underwater Black Ops, the only reason for its existence. Katrina, 9/11, Pearl Harbor, Gulf of Tonkin, the Minnesota bridge, California fires, just to mention a few.




The Coast Guard, in 9/11 fashion, claimed their radar didn't reach the reef but locals said Bull Shit! The Exxon Valdez had radioed the Coast Guard that it wanted to change lanes to avoid icebergs and the Coast Guard granted that request. Clearly the Coast Guard would have watched that lane change on radar. THE REEF WAS 1.5 MILES FROM THE SHIPPING LANE! Excerpts from a NYT article:

In the days after the accident, Coast Guard officials said repeatedly that the Exxon Valdez was beyond the range of their radar. But fishermen in the area contradicted this, saying coastguardsmen in Valdez had often warned them away from the same reef by radio.

Bligh Reef was about 1 1/2 miles from the shipping lanes.

''The Coast Guard bears a good share of the blame in this,'' a supertanker captain said.
The captain, who works for another oil company and requested anonymity, said: ''The Coast Guard could easily have kept track of the Exxon Valdez and given it a warning when they saw it stray off course. Just what are we paying those guys to do, anyway?''

Gov. Steve Cowper of Alaska sent a representative to the Soviet Union today to look at barrier equipment Moscow has offered to loan for the cleanup effort. (Bush I refused the offer!)

The disaster began when the Exxon Valdez radioed Coast Guard headquarters to report that it had sighted many miniature icebergs floating along the western shore of Valdez Narrows, dangerously near the outbound shipping lanel. The ship sought permission to change to the inbound lane, which was granted. Three hours earlier another supertanker, the Arco Juneau, had made the same discovery and maneuver.

Calving of icebergs 20 feet in diameter or larger is a SUMMER ACTIVITY. In fact August is prime time. The Exxon Valdez 9/11 occurred in March still Wintertime in Alaska. It is possible to tow a large iceberg out of a shipping lane BUT ALSO POSSIBLE TO TOW THEM INTO A SHIPPING LANE. Icebergs may have been dynamited from the Columbia Glacier and towed into the outgoing shipping lane.

This map shows that the location of the Columbia Glacier, alleged source of the 'miniature icebergs', is several miles away from the Valdez Narrows shipping lanes:

The Exxon Valdez asked the Coast Guard for permission to use the incoming (See arrows for direction.) shipping lane to avoid the planted icebergs and permission was granted. The ship moved into the incoming shipping lane WHICH WAS 1.5 MILES AWAY FROM THE REEF. If the Exxon Valdez merely stayed in the incoming shipping all of the way it would have missed the reef by 1.5 miles! The US Navy probably used remote control to affect the electric autopilot to take the steering out of the hands of the pilot. The GREEN LINE depicts the route of the Exxon Valdez. Instead of the ship going RIGHT at point 3 it went LEFT directly at the reef. THE STEERING MUST HAVE BEEN MANIPULATED BY REMOTE CONTROL by the US Navy.

(Source)


Iceberg Menace in Alaska
Monday, June. 05, 1978

http://www.time.com/time/magazine/article/0,9171,916208-1,00.html

Now that the trouble-plagued trans-Alaska pipeline is in full operation, Alaskan oil is flowing in great volume overland. But its journey to U.S. West Coast ports may soon be interrupted at sea —by icebergs in the tanker shipping lanes. The source of these floating hazards is the Columbia Glacier, a 425-sq.-mi. mass of ice that ends less than seven miles from the tanker lanes for Port Valdez.

Since 1974, there have been periods of accelerated calving every summer. Says U.S.G.S. Glaciology Project Chief Mark Meier: "This suggests that there is not enough ice coming forward to keep up with the iceberg calving."

Last August, the glacier's calving increased enough to force closing of the Valdez lanes to night traffic for nearly a week.

Most icebergs calved by Columbia Glacier are "growlers" (20-ft.-wide slabs of ice that rise less than four feet above the water line) and somewhat larger "bergy bits" that are not easily picked up by radar. Another idea is to tow bergs out of the shipping lanes.


The National Transportation Safety Board, in 9/11 fashion, handed down a totally BS report:

All of the Nazi killings of JFK, RFK, Martin Luther King, attempted Reagan killing, etc., have a LONE GUNMAN. The Ship's captain was supposed to be THE PATSY. However, court documents and discussion point at a FAULTY STEERING AUTOPILOT THAT PREVENTED PROPER STEERING CONTROL. When a ship is on a straight course an electric autopilot is set to maintain that straight course without deviation. The autopilot is turned off when turning or altering a course. A turn can't be made while the autopilot is ON. Witnesses said the autopilot was OFF when the captain left the helm and the ship was on MANUAL steering. Lights on the steering console were OFF confirming that the autopilot was OFF.

"The maneuver was simple, routine, and ordinary," Madson summed up Tuesday. "And he left a check."
The check was a prearranged phone call from pilot Cousins to Captain Hazelwood to assure him the turn had been made. Cousins made the call, but he was wrong about the turn. Minutes later, he was back on the phone to tell Hazelwood the ship was in trouble. During the conversation, the tanker ground into the reef.
Attorney Cole said it is likely the grounding occurred because the tanker was still on autopilot, a mode in which the ship would not respond to helmsman Bob Kagan's manual adjustments of the wheel.
But Attorney Madson noted that both Kagan and Cousins said the autopilot was turned off moments after Hazelwood went to his cabin, saying he needed to finish some paperwork. Besides, Madson said, lighted signals on the helm console clearly indicate when the autopilot is on.
"You'd have to be a total bimbo not to know it," the attorney said.
http://www.adn.com/evos/stories/EV76.html

Just to make sure Exxon Valdez 9/11 came off without a hitch Coast Guard radar budgets were HALVED a year earlier:

The $6.5 million the Coast Guard spends annually operating all of its VTS facilities is less than two-thirds the amount of money the Federal Aviation Administration spends running just one of its air-traffic-control systems, in Seattle ($10.9 million).
Last year, budget cuts forced the Coast Guard to shut down traffic systems in New York and New Orleans. Recently, the National Transportation Safety Board concluded that the New Orleans shutdown contributed to a September 1988 tanker grounding and 966,000-gallon oil spill in the Mississippi River. Congress is considering appropriating money next year to reopen those stations.

Curiously a plan to allow dispersants normally used only in deep water where currents help break up oil slicks was put in place JUST BEFORE THE EXXON VALDEZ 9/11:

Dispersant use is allowed in deeper waters in certain circumstances if a spill occurred, said Larry Dietrick, the state's director of spill prevention and response. That policy was put in place just before the 1989 Exxon spill, and no proposal to change it is before the Alaska Regional Response Team, he said. That group of mostly state and federal officials oversees the plans for what to do if a spill occurs offshore in Alaska.
Typically the Bush MOD for Black Ops is to delay government response as long as possible and then screw up royally. (Bush II flew out to Nebraska on 9/11 before returning to DC. Bush II delayed the response to Katrina for 5 days.)
Adm. Paul Yost, the national commandant of the U.S. Coast Guard, was President
Bush's man on the scene in Prince William Sound a month after the spill. Stung by criticism that the federal government wasn't doing enough, Bush dispatched Yost, a gruff-talking, take-charge guy. In Valdez, Yost fended off suggestions that the Coast Guard takeover the spill response, saying that would absolve Exxon of liability. He forced Exxon to come up with a much- delayed beach cleanup plan, but some of his other pronouncements, such as a swift decision that beaches should be cleaned with hot-water spray, were shelved as the jockeying over who should do what continued. (SOURCE)
Bush was criticized for tardiness in declaring the spill eligible for federal Superfund assistance.
Alyeska, the association formed by the seven oil companies engaged in the Alaska trade, had a 1,800-page contingency plan for oil spills. There were booms to corral the spilled oil, mechanical skimmers to suck it out of the water, and laser's to burn it off. But confusion and -- according to some -- incompetence delayed the cleanup. The booms arrived late, and by the third day high winds rendered them useless and allowed the oil slick to spread. It would soon cover an area of 1,800 square miles. President George Bush was criticized for tardiness in declaring the spill eligible for federal Superfund assistance. (Source)
After 9/11 poor intelligence was blamed. After Exxon Valdez 9/11 everyone was to blame!
Although six contingency plans to deal with a major oil spill in Alaska waters were in place on March 24, confusion, bickering and a serious equipment shortage allowed 11 million gallons of oil to spread unchecked from the ruptured hull of the Exxon Valdez, according to a report given to President Bush on Thursday. The report, by the Environmental Protection Agency and the Dept. of Transportation, is the latest critique of the oil spill response to blame planning and equipment problems for the spill damage. (Anchorage Daily News (AK) May 19, 1989)
President Bush said Tuesday FIVE DAYS AFTER THE DAMAGE that he is considering a federal takeover of the massive oil spill cleanup operation in Alaska's Prince William Sound. Until Tuesday, when the cleanup operation was taken over by a troika of state, federal and Exxon officials, it was carried out by the Exxon Corp.(Anchorage Daily News (AK) March 29, 1989

Bush has fought double hulled tankers forever finally agreeing to the requirement for Alaskan Tankers only IN 2015. Of course all other US Tankers and foreign tankers operating in US waters are exempt.

In the aftermath of the incident Congress passed the Oil Pollution Act of 1990, strengthening regulations on oil tankers and oil tank operators. Oil companies engaged in the Alaska trade were ordered to switch to double-hulled tankers by the year 2015. In Prince William Sound, tugs escorted tankers all the way to the open sea while fully-qualified pilots remained at the helm until all vessel were beyond Bligh Reef. (Source)

That Oil Pollution Act of 1990 (Misnamed) also required that tankers sailing between Alaska and US ports be US built at three times the cost of foreign construction. Tankers exporting Alaskan crude oil however were exempted from the US construction requirement. Clinton first allowed shipping Alaskan crude oil to Japan and ports west. Bush II has seconded the motions with Alaskan oil also heading to Chile of all places! Bush II has just okayed the shipment of natural gas to Japan of all places!

Be aware that the GOAl was to shut down the Alaskan OIL BONANZA and balloon IMPORTS so WARS and exorbitant defense budgets and the wrecking of America Nazi-style could continue in accordance with the GERMAN SPY PLOT.

SUSPICIONS CONFIRMED
:

If the Coast Guard insists on new ships, SeaRiver told the agency, Exxon might choose to leave Alaska oil in the ground by curtailing its North Slope production and import cheaper foreign oil. That would cost the state of Alaska revenue, at least in the near term.
The state probably would take Exxon to court under such a scenario to protect its interest in the oil and revenue, said state Commissioner of Natural Resources John Shively. But if Exxon doesn't have access to legal tankers and other oil companies aren't able to take the extra oil, North Slope production would have to be cut back, Shively said. (Source)

The Bush and Clinton administrations have lied about the importance of Middleeast oil reserves AND the mainstream media has not (as usual) knocked down the propaganda. (2000 statistics that ignore the Alaskan, Canadian, and Greenland Oil Bonanzas.)

Middleeast 39% (NOT 66% recoverable reserves)
Iraq 6% (NOT 11%)
Iran 6% (NOT 9%)
Saudi Arabia 16% (NOT 26%)

Curiously (NOT) the Department of Energy and oil industry stats are similar: The DOE sources for world oil reserve estimates are taken from oil industry trade publication estimates not USGS government statistics known for their accuracy.

When asked why, DOE did not comment and USGS said IT WAS "NOT A POLITICAL AGENCY."

Ninety eight refineries have been closed since 1985 and Alaskan oil transported to Japan to drive up West Coast gas prices.

The Portland Oregonian reported earlier this year that BP Amoco "systematically jacked up West Coast oil prices by exporting Alaskan crude to Asia for less than it could have sold it to U. S. refiners."
"There is no doubt whatsoever that they were in the business of shorting the West Coast market," an University of Texas economist hired by the FTC said in an interview published in the Oregonian. The newspaper obtained an e-mail exchange in which BP trading managers discuss the benefits of "shorting the West Coast market" to "leverage up" prices there.

US: No New Refineries in 29 Years

Bush diverted $400,000,000 of the Exxon settlement funds AWAY FROM DAMAGED PROPERTY AND VICTIMS.

Nearly $400 million of the Exxon settlement was used by the government to purchase 650,000 acres that included 1,400 miles of shoreline along Prince William Sound as well as 287 salmon spawning streams in order to protect against development.(Source)

In June 1990 Bush by executive order WITHOUT CONGRESSIONAL APPROVAL shut down not only most of Alaskan offshore drilling but all US coastal offshore drilling except part of the Gulf of Mexico.

The moratorium affected virtually all of the coasts of the North Atlantic, California, Washington, Oregon, New England, Mid-Atlantic and the Northern Aleutian Basin. It also included the Eastern Gulf of Mexico off the coast of Southwest Florida,

Bush removed over a million barrels of crude oil production DAILY from US Consumers with a stroke of a pen:

Alaskan Oil production is expected to decrease by 30,000 bbl/d in 2005 and by 20,000 bbl/d in 2006, to 860,000 bbl/d. This continues a steady decline since the state's peak output of 2.02 million bbl/d in 1988.The Energy Department comments: This moratorium has resulted in making a significant portion of estimated future natural gas and oil supplies unavailable for development. (Source)

In March 1989 a bill permitting drilling in a Alaskan oil reserve was "sailing through the Senate and had been expected to come up for a vote" when the Exxon Valdez oil spill delayed and ultimately derailed the process.

In November 1986, a draft report by the United States Fish and Wildlife Service recommended that all of the coastal plain within the Artic National Wildlife Refuge (MISNAMED) be opened for oil and gas development.The report argued that the oil and gas potentials of the coastal plain were needed for the country's economy and national security. (Source)

A MARKET STRUCTURE DESIGNED FOR FARMERS to sell their crops as they didn't have the market power to set prices WAS USED TO PRICE OIL starting during, would you believe, during the Bush I administration!

CFTC officials said in interviews that they planned to re-examine the exemptions granted by agency staff to Wall Street firms. These date to 1991, when complex derivatives used to bet on futures contracts emerged and their significance was little understood. (Source)

Only ONE PERCENT of the oil future contracts transacted actually transmit oil from producer to refinery with the rest speculation and price manipulation:

The REAL REASON for the Liquidity Crisis facing the world are TRILLIONS OF DOLLARS of these future contracts and their DERIVATIVE CONTRACTS not subprime mortgages which are 90% or more liquid.

A Future Contract is a derivative of the SPOT market. The SPOT MARKET is where supply and demand meet for the final selling price. The FUTURE MARKET is where estimates or guesses are made to determine a possible selling price in the future. The FUTURE MARKET selling price has a bearing on the final price if it is higher than a SPOT price for a seller and lower than the SPOT price for a refinery. Otherwise, the SPOT price is used.

The President of Shell brought to light the block on Offshore oil in Alaska and elsewhere.

We have the available domestic supplies off the coast of Alaska as well as [the Alaska National Wildlife Refuge]. Shell has won $2 billion worth of high bids for the Chukchi Sea -- that's a few years off before we could begin production.
But let's remember there's more than 100 billion barrels of untouched oil and gas in this country that is subject to a 30-year moratorium. Now, there's only one body in this country that can set a 30-year moratorium, and that's the U.S. government. (Source)

Russa reports BILLIONS OF TONS of oil deposits OFFSHORE and in the Chukchi Sea where SHELL has oil leases.

The shelves of the Far East and Eastern Siberia have especially good prospects for large-scale and long-term developments of the offshore oil and gas fields. The promising areas in these regions (excluding Sakhalin and its shelf) are estimated at about 1.5 million square kilometers. Potential recoverable resources are estimated at billions of tons of conventional fuel. These reserves are concentrated mostly in the Sea of Okhotsk and the Bering, Chukchi, and East-Siberian Seas. Here, more than 20 oil- and gas-bearing and potentially oil- and gas-bearing basins of different geotectonic nature have been discovered.

Huge Untapped Oil Resereves Near Alaska

WASHINGTON (AP) July 24, 2008- The U.S. Geological Survey says some 90 billion barrels of oil and nearly a third of the world's undiscovered natural gas sits untapped under an area north of the Arctic Circle. The area accounts for about a fifth of the world's undiscovered, technically recoverable oil and natural gas reserves.
The oil is considered "technically recoverable" using existing technology. However, the cost of overcoming obstacles to drilling, such as permanent sea ice or deep ocean waters, isn't taken into consideration in the report.
The USGS estimates about 84 percent of the undiscovered oil and gas is offshore, but most of it is still close enough to land to fall under national territorial claims. Much of the oil is off the coast of Alaska or in Russian. (Source)

Alaska can provide at least 20 years of the US crude oil requirement and at least 200 years of the natural gas requirement ALL BY ITSELF:

"Chaplain, you weren't supposed to see what I showed you yesterday. I'm sorry I let you go with me out there to watch that burn. I'm even more perturbed that I let you look at the technical data, because, Chaplain, you and I might both be in trouble if you ever tell the story of Gull Island." ... This company official said to me,"Chaplain, that great pool of oil is probably as big as the Prudhoe oil field, it has been proven, drilled into, and tested-we know what is there and we know the amount that is there, but the government has ordered us not to produce that well, or reveal any information as to what is at Gull Island."
 
I could hardly believe what I heard that day. I walked out of the oil company official's office very perturbed, because again we could be lied to, the American people would be deceived again-the truth would not be told. As I walked out of that office I realized that I was only one of about six men alive who would even know the truth about Gull Island, or would ever even see the technical data. I was astonished that day because of this restriction on releasing data about the production from beneath a small island out in the Arctic Ocean. This could end the oil crisis, but I had come to the conclusion in my mind, with no doubt whatsoever, that the Federal government would never want that oil produced.
 
It was not the oil companies that ordered the rig removed and the well capped. It was not the oil companies that said, "We cannot go beyond our 100-mile boundary." It was not the oil companies that said, "We will not tell the American people the truth." Rather, it was your Federal and State government ... and my Federal and State government-the officials elected by us to represent us for our welfare. (Source)

Canadian Tar Sands equivalent to Saudi Arabia IN OPERATION DURING 2009 for Midwest motorists and points East supplied by the Chicago area refineries.

Hamsher said new oil sands extraction technology, the uncertainty of future access to Middle East oil and the expectation that high prices are permanent have combined to shift the focus of future U.S. oil supplies to Canada. The higher extraction costs for heavy oil and bitumen is outweighed by relatively lower exploration costs, she said.
It’s hard not to find oil in the three oil sands areas in northern Alberta that collectively hold about 14 percent of the world’s known oil reserves, roughly equivalent to those in Saudi Arabia, the world’s No. 1 producer.

 

Denmark has their eyes on ONE HALF TRILLION Barrels of crude oil offshore GREENLAND

Oil companies have begun looking for crude oil deposits off Greenland's west coast. The island's government hasn't made an exact estimate of the amount of oil in the region other than to say it's ``equal to North Sea reserves.'' The North Sea's past production and future reserves totals more than 50 billion barrels of crude oil..(Source)

US natural gas reserves increased from 82 years to 118 years.

The increase stems from greater production in the Marcellus Shale in the Appalachians and the Haynesville Shale in Louisiana and Texas, says Kenneth Medlock, an economics professor at Rice University who worked on the Navigant study. In recent years new drilling techniques have allowed companies to extract gas deeply embedded in formations of shale rock.

Now that is crystal clear that the Bush and Clinton administrations have done their damnest to wreck America, it is easier to understand their moves in foreign, domestic, and especially energy policy. Compliments of the DOE, read all about it:

Department of Energy Monthly Energy Chronology - 2001


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