Re: America's Oil Crisis

Dan, our refining capacity limits our production of oil products to
that which existed 30 years ago. At that time, domestic production
wells were logged and capped in the face of aggressive competion from
cheap foreign crude sources. Today, many of the worlds most productive
oil sources lay unused in Texas, Oklahoma, and other parts of the
country, not to mention the vast supplies that lay untapped in the
Arctic wastlands.The creation of a much larger refinery base will
enable these national resolurces to be utilized, although for some
likely political reason Bush did not stress that connection with
building more refineries.

Then there is the very large strategic oil reserve that the nation
holds and dates back to the days when warship were all fueled by oil
and coal. Today all of our major warships and submarines are nuclear
fueled, so the need for such vast oil reserves no longer exists. This
too could be released for civilian use and price negotiations if the
refining capacity were to become available.

So far as nuclear is concerned, I think there is little doubt in the
minds of the scientifically and technically educated public that this,
in combination with electric transmission and efficient electrical
storage, will become the nation's key energy source gradually over the
next 30 years. Fossil fuels are on their way out.

The smart money in the giant petrochemical firms realized this years
ago, which is why they have for years worked so aggressively on gaining
a strangle-hold on mainline sources of fissionable materials. Of course
these resources will not be utilized until these guys have squeezed the
last dime to be made from their fossil fuel holdings.

About 15 years ago, my Ratheon assignment for a full year involved the
development of an 'Oil Well Logging Recorder' for a company named
Birdwell. (Federal law requires you to log the productive capacity of
an oil well before capping it for future use.) I was curious as to why,
as a Principal Engineer at Raytheon, I had been assigned to do work for
Birdwell, a company I had never heard of previouslyl. As I later
learned, Birdwell is a wholely own subsidiary of another company called
Seismic Services Corporation, which in turn is a totally owned
subsidiary of the Raytheon Company. I point this out just to
illustrate the comprex corporate relationships that currently exist,
and how easily it is for a company like Humble to obscure the fact that
it is heavily investing in XYZ Fision Fuel Corporation who, perhaps
while only a 3rd or 4th generation subsidiary of Humble, owns or
controls all the urianium producing mines in some third world toilets
like Somalia and Zaire.

At the time, didn't you wonder about our sudden and unexplained
humanitarian interest in Somalia, and why the horrific incidents in
Mogadishu were simply allowed to fade from the news? Guess what the
primary natural resource of Somalia is?

Is the light starting to come on?

Harry C.

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