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LUKoil discovered five offshore fields
Russian Journal ^
| June 03, 2004
Posted on 06/11/2004 11:41:07 AM PDT by RussianConservative
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To: RussianConservative
2
posted on
06/11/2004 11:43:37 AM PDT
by
BullDog108
(KNOW YOUR ENEMY! http://bvml.org/webmaster/enemy.html)
To: RussianConservative
3
posted on
06/11/2004 11:44:11 AM PDT
by
Rodney King
(No, we can't all just get along)
To: RussianConservative
so how does compares to the Saudi's and Iraq oil reserves?
4
posted on
06/11/2004 11:56:40 AM PDT
by
prophetic
To: RussianConservative; marron; gubamyster; Grampa Dave; swarthyguy; mafree
Russian oil major LUKoil announced reserves in Russia's sector of the Caspian Sea may compose total 33 billion barrels of oil equivalent. 33 Billion just in the Russian sector? That's something...
5
posted on
06/11/2004 11:58:19 AM PDT
by
Shermy
To: RussianConservative
It is significant, but only 10% of the original speculative estimates. In other words, Caspian oil did not prove out.
6
posted on
06/11/2004 11:58:57 AM PDT
by
RightWhale
(Destroy the dark; restore the light)
To: Shermy
Sign a treaty with the Russian, dump the Saudis, develop Siberia and Go!
To: RightWhale
I think the estimates of 200-300 included the whole Caspian.
8
posted on
06/11/2004 12:08:41 PM PDT
by
Shermy
To: Shermy
Perhaps shaded towards the optimistic, but Caspian oil has already been factored into the Peak Oil theory. As mentioned on the C2C Roundtable last night, when Peak Oil reaches the market analysts, and it has already reached the major news media, there will be disruption of the market. The Roundtable expects oil to be $100 a barrel fairly soon, and that is not the high estimate from the Berlin conference.
9
posted on
06/11/2004 12:15:01 PM PDT
by
RightWhale
(Destroy the dark; restore the light)
To: RightWhale
The Roundtable expects oil to be $100 a barrel fairly soon, and that is not the high estimate from the Berlin conference.At that price level, it may become profitable to produce whale oil once again.
10
posted on
06/11/2004 12:18:43 PM PDT
by
Willie Green
(Go Pat Go!!!)
To: RussianConservative
My understanding is that West African reserves will likely dwarf Mid-East reserves. No coincidence that a US naval base is currently under construction in the West African island nation of Sierra Tome.
11
posted on
06/11/2004 12:23:19 PM PDT
by
fso301
To: RightWhale
The Roundtable expects oil to be $100 a barrel fairly soon, and that is not the high estimate from the Berlin conference. It'll never hit $100. At $60-$70 all sorts of coal gassification techniques will come on line, as will vast amounts of oil reserves that are not currently economical to produce.
12
posted on
06/11/2004 12:23:49 PM PDT
by
Rodney King
(No, we can't all just get along)
To: Rodney King
It'll never hit $100. At $60-$70 all sorts of coal gassification techniques will come on line, as will vast amounts of oil reserves that are not currently economical to produce.At those prices, corn squeezings become effective, and nuclear energy becomes an option for electrical production.
13
posted on
06/11/2004 12:42:22 PM PDT
by
PAR35
To: RightWhale
Caspian oil has already been factored into the Peak Oil theory Are you a proponent of Peak Oil theory? Where do you stand on the fossil fuel vs. abiotic generation debate?
Just curious. Not trying to start a fight. This is not my field.
14
posted on
06/11/2004 12:48:53 PM PDT
by
TigerTale
(From the streets of Tehran to the Gulf of Oman, let freedom ring.)
To: Rodney King
all sorts of coal gassification techniques will come on line That would presume coal gassification plants, of which there are effectively none.
15
posted on
06/11/2004 12:51:07 PM PDT
by
RightWhale
(Destroy the dark; restore the light)
To: TigerTale
I just heard of Peak Oil a couple of months ago. It is interesting.
16
posted on
06/11/2004 12:51:59 PM PDT
by
RightWhale
(Destroy the dark; restore the light)
To: Willie Green
It takes oil to get whale oil. The whales are safe. Some whales are safer than others.
17
posted on
06/11/2004 12:52:53 PM PDT
by
RightWhale
(Destroy the dark; restore the light)
To: RussianConservative
When the price gets up to $40/bbl, oil just squirts out everywhere.
18
posted on
06/11/2004 12:54:05 PM PDT
by
oyez
(¡Desea vivo el revolutuin de Reagan!)
To: TigerTale
As far as the debate, it seems to be following the same general lines as a couple of other FR debates. It's not all that interesting once the few basic positions have been stated.
19
posted on
06/11/2004 12:54:33 PM PDT
by
RightWhale
(Destroy the dark; restore the light)
To: oyez
oil just squirts out everywhere Yes, but at the higher price. When it gets to $100, windmills will be more popular, but the price is still high. Those towns where everything is trucked in will be $krewed.
20
posted on
06/11/2004 12:56:53 PM PDT
by
RightWhale
(Destroy the dark; restore the light)
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