Perhaps Chevron doesn’t want to do all that work building the drilling infrastructure, simply to have it taken possession of by the Russians.
“Perhaps Chevron doesn’t want to do all that work building the drilling infrastructure, simply to have it taken possession of by the Russians.”
Oil prices are the biggest factor at work here, I think.
Lower oil prices means less capital available for exploration of gas.
As far as “taken possession by the Russians” goes, the UKRAINIANS have nationalized the Russian pipelines. Given the corruption level in Ukraine, they likely fear spending all of that money, and having the same thing happen to them.
Bingo. I was wondering how far along in the thread I’d have to go before I saw the explanation.