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To: Zathras

It’s partly about oil. Russia gets 60% of its revenues from oil exports. Europe gets 40% of their oil from Russia.

In 2012 massive oil and gas reserves were found in Crimea. Crimea signed a $10 billion exploration contracts with Shell and Chevron to develop the new found oil and gas fields. These oil and gas products would compete in Europe with Russia’s oil and gas, reducing Russia’s oil revenues, which we recall amount to 60% of their total GDP. Russia annexed Crimea in 2014, cancelling the contracts with Shell and Chevron.

But Ukraine still had massive reserves in, you guessed it, Donetsk and Luhansk, and other areas East of the Dnieper River. In 2019, Energy Secretary Rick Perry visited Ukraine, and soon after Ukraine awarded exploration contracts to a consortium of U.S. oil companies. Again, these oil reserves would compete in Europe with Russian oil, so Putin is invading Ukraine to shut down this latest attempt to extract Ukrainian oil and sell it in competition with Russian oil.

This explanation makes more sense to me than the “Putin feels threatened by NATO expansion” excuses for the invasion.

https://freerepublic.com/focus/f-chat/4044221/posts?page=1#1

https://www.youtube.com/watch?v=-CmdSzVFSKc


9 posted on 03/07/2022 10:23:13 AM PST by Kevmo (Give back Ukes their Nukes https://freerepublic.com/focus/news/4044080/posts)
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To: Kevmo
In 2012 massive oil and gas reserves were found in Crimea. Crimea signed a $10 billion exploration contracts with Shell and Chevron to develop the new found oil and gas fields.

Now THAT I did not know. Explains a lot of things.

41 posted on 03/07/2022 10:44:11 AM PST by libh8er
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