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To: PIF; gleeaikin

“Again, there are no oil and gas reserved that are economical to frack in Eastern Ukraine. And what there is, is of poor quality and not much of that, too boot.”

Au contraire:

https://hir.harvard.edu/ukraine-energy-reserves/

“Ukraine today holds the second biggest known gas reserves in Europe. As of late 2019, known Ukrainian reserves amounted to 1.09 trillion cubic meters of natural gas, second only to Norway’s known resources of 1.53 trillion cubic meters. Yet, these enormous reserves of energy remain largely untapped. Today, Ukraine has a low annual reserve usage rate of about 2 percent. Moreover, more active exploration may yield previously undiscovered gas fields, which would further increase the overall volume of Ukraine’s deposits.”


182 posted on 05/11/2022 2:09:08 PM PDT by MercyFlush (The Soviet Empire is right now doing a dead cat bounce.)
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To: MercyFlush; PIF; Kevmo; BiglyCommentary; All

“Moreover, more active exploration may yield previously undiscovered gas fields, which would further increase the overall volume of Ukraine’s deposits.”

Exactly what I planned to respond. Ukraine had exploration contracts with US oil majors signed some time in 2012. These were ended when Putin seized Crimea in 2014. Who knows how much they would have confirmed by the time these contracts had been completed, and others continued to be written?


193 posted on 05/11/2022 4:18:25 PM PDT by gleeaikin (Question authority!)
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