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Russia's oil boom may be running on empty
McClatchy Newspapers ^
| Sunday, Aug 24, 2008
| TOM LASSETER
Posted on 08/24/2008 12:49:11 PM PDT by Ernest_at_the_Beach
click here to read article
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To: Ernest_at_the_Beach
Oh crap. I smell another Jackson Browne lawsuit.
2
posted on
08/24/2008 12:50:07 PM PDT
by
FlingWingFlyer
(A History and Science Minute.- "Climate change" has been going on for millions of years!)
To: gusopol3; NormsRevenge; thackney; BOBTHENAILER; Grampa Dave; SierraWasp; blam; SunkenCiv; ...
Any truth to this report?
To: Ernest_at_the_Beach
Ruh roh..
Big Red may get hungry
or are their recent actions
just a precursor?
4
posted on
08/24/2008 12:50:38 PM PDT
by
NormsRevenge
(Semper Fi ... Godspeed ... ICE toll-free tip hotline 1-866-DHS-2-ICE ... 9/11 .. Never FoRget!!!)
To: Ernest_at_the_Beach
Most of the oil produced after the country's 1998 financial collapse has come from drilling and re-drilling old Soviet oil fields with more advanced equipment...So let's revive Operation Exodus and ban the export of oil drilling, recovery and refining technology to Russia.
5
posted on
08/24/2008 12:53:03 PM PDT
by
InABunkerUnderSF
("Gun Control" is not about the guns. "Illegal Immigration" is not about the immigration)
To: InABunkerUnderSF; NormsRevenge; Dog Gone; Carry_Okie
See page two.
To: Ernest_at_the_Beach
interesting.
nothing bites ya in the butt like success.
7
posted on
08/24/2008 1:04:18 PM PDT
by
NormsRevenge
(Semper Fi ... Godspeed ... ICE toll-free tip hotline 1-866-DHS-2-ICE ... 9/11 .. Never FoRget!!!)
To: Ernest_at_the_Beach
8
posted on
08/24/2008 1:11:37 PM PDT
by
Pantera
To: Ernest_at_the_Beach
Maybe the Russians knew this a few years back, and were hoping Saddam would help them.
9
posted on
08/24/2008 1:11:51 PM PDT
by
syriacus
(Barry schmoozed with developers while his constituents bailed sewage out of their sinks.)
To: Ernest_at_the_Beach
“Under Vladimir Putin, Russia’s president from 2000 to 2008 and now the prime minister, the Russian government dismantled the nation’s largest oil firm, Yukos, and imprisoned its founder.”
Central planning Russian style.
Our curse is central planners trying to “save the planet”.
To: Ernest_at_the_Beach
Under Vladimir Putin, Russia's president from 2000 to 2008 and now the prime minister, the Russian government dismantled the nation's largest oil firm, Yukos, and imprisoned its founder. The government declared oil to be part of a "strategic sector" in which foreign investors need permission from the government before they can buy a significant stake in companies. Foreigners have been steadily shoved out, including a recent incident in which the head of the joint Russia-UK company TNK-BP, one of the country's leading oil concerns, and 148 specialists left the country after their visa status was called into question.
Now tell me, would you like to be a Russian good at running an oil company?
Would you want to invest billions in capital only to be shoved out (like Chavez did too)?
It is no wonder that few want to work there.
When Russian leaders get done being drunk on power, there will be a powerful hangover. If you do not know what you are doing, you can mess up a good well, or an entire field, and their arrogance will be writ large in their production decline curves.
11
posted on
08/24/2008 1:16:37 PM PDT
by
Smokin' Joe
(How often God must weep at humans' folly.)
To: syriacus
Investigate the United Nations Oil-for-Food Fraud, April 21, 2004
Prior to the regime change in April 2003, French and Russian oil companies possessed oil contracts with the Saddam Hussein regime that covered roughly 40 percent of the country's oil wealth... Political and military ties between Moscow and Baghdad were extensive.
12
posted on
08/24/2008 1:17:33 PM PDT
by
syriacus
(Barry schmoozed with developers while his constituents bailed sewage out of their sinks.)
To: Ernest_at_the_Beach
That's why Tsar Vlad is sending dozens of scientists to the Arctic Ocean and preparing to "claim" the entire Arctic continental shelf for himself.
It's no coincidence that "Arctic" comes from the Greek word for BEAR.
13
posted on
08/24/2008 1:19:04 PM PDT
by
rfp1234
(Phodopus campbelli: household ruler since July 2007.)
To: Need4Truth
To: kellynla
To: Ernest_at_the_Beach
"If the situation which exists now stays the same, oil production will start to decline seriously in two years," Give the way Putin screwed Royal Dutch Shell after the billions were spent on the development of the Sakhalin field, I'd say new foreign investment is going to be hard to come by
16
posted on
08/24/2008 1:34:04 PM PDT
by
tx_eggman
(Privatizing profits and socializing losses is no way to run an economy)
To: InABunkerUnderSF
That won’t fly for a second. France’s Total and Schlumberger will fill that void in a NY city taxicab minute. Not to mention assorted state-owned oil companies and tech and support firms.
17
posted on
08/24/2008 1:38:08 PM PDT
by
SAJ
(lid)
To: Ernest_at_the_Beach
I would think there is truth behind this story. Why do you think the Russians are trying to take over Georgia?? This is just the beginning of the “NEW” Russia and their attempt to take over their old satellite countries and getting more oil to drill for and more money to support their military.
18
posted on
08/24/2008 1:41:25 PM PDT
by
antiunion person
(Obama, the end of our country as we know it)
To: Ernest_at_the_Beach
I would think there is truth behind this story. Why do you think the Russians are trying to take over Georgia?? This is just the beginning of the “NEW” Russia and their attempt to take over their old satellite countries and getting more oil to drill for and more money to support their military.
19
posted on
08/24/2008 1:41:30 PM PDT
by
antiunion person
(Obama, the end of our country as we know it)
To: Ernest_at_the_Beach
Maybe that’s why they’re making a move to take control of supplies from the Caspian? ??
20
posted on
08/24/2008 1:41:56 PM PDT
by
TigersEye
(Berlin '36, Moscow '80, Beijing '08 ... Olympic games for murdering regimes.)
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