Energy Crisis, Or Lack Thereof

As some of you know, I try to stay up on environmental issues like global warming and the like. Though this is not exactly an environmental issue, it falls in the same part of my brain for some reason. I was sent a link to a video 2 days ago of a lecture by Lindsey Williams on what he calls the Energy Non-Crisis. I have my opinions of it, but wanted to see what you thought. 

Williams essentially says that there is a group of men who determine how much oil can be used and how much it is going to cost. He also says that they have found probably the largest oil field in the world on the Alaskan North Coast, but that the government isn't letting them pump oil out of it, but instead making us buy oil from the Middle East because of a deal made in the 60s or 70s.

Anyway, the video can be found here.

It is a long video, 1 hour and 15 minutes, but please watch it and share your thoughts.