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Russian $8.2 Trillion Oil Trove Locked Without U.S. Technology

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posted on Jun, 18 2014 @ 03:19 AM
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Russian $8.2 Trillion Oil Trove Locked Without U.S. Technology


Even as the decision to stop gas supplies to Ukraine aggravates tensions with the U.S. and Europe, Russia faces a dilemma: it still needs Exxon Mobil Corp. (XOM), Halliburton Co. (HAL) and BP Plc (BP/) to maintain output from Soviet-era oil fields and develop Arctic and shale reserves.

Russia will require Western companies to provide the modern drilling and production gear -- and techniques such as hydraulic fracturing -- that are essential to unlocking its $8.2 trillion worth of barrels still underground.

The cutoff to Ukraine’s gas supply adds another layer of complexity for energy companies navigating a shifting geopolitical landscape in the search for new oil and gas supplies. Decision-makers from some of the West’s biggest oil explorers are gathering in Moscow this week at the World Petroleum Congress to pave the way to new deals.

“There’s certainly a prize there,” said Alexander Robart, a principal at PacWest Consulting Partners LLC, a Houston-based consultant that tracks fracking service providers. “For the big guys, it’s certainly one of the top priority future growth markets they’re looking towards, without a doubt.”

Russia’s latest aggression toward Ukraine can only heighten the political tensions companies already feel as they seek to justify broadening business ties to the country, said Fadel Gheit, an analyst at Oppenheimer & Co.

“It will move the scale a tad against Russia,” Gheit said, raising the chance the U.S. and Europe will push for additional sanctions.


Click link for remainder of article.

At what point will our leaders, of ALL nations, understand the concept that the days of one nation being able to run the table are over with? Its blatantly obvious we all need each other if we are going to survive in this world.
edit on 18-6-2014 by Xcathdra because: (no reason given)




posted on Jun, 18 2014 @ 03:57 AM
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I fnd this as sort of a good thing. Russia still does not have to play ball but 8 trillions over a few billion might help change their minds.. the few billion (i know down talking billions but it really is nothing to trillions) from ukraine and eu in natural gas.

Can America or England make those gas companies play ball too?



posted on Jun, 18 2014 @ 03:57 AM
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a reply to: Xcathdra

At what point will our leaders, of ALL nations, understand the concept that the days of one nation being able to run the table are over with?

The day after we learn to get along with our next door neighbors. Sorry had to say it.


I doubt the Russians are worried about their oil going anywhere. In time they'll get around to it. Technology's a lot cheaper when it's stolen or bartered away. And the prices ... they seem to keep going up, don't they? ... Like money in the bank used to. -chuckle-



posted on Jun, 18 2014 @ 04:12 AM
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a reply to: Xcathdra



Good for the Russians.

What is the rush?? The oil where there and it will be there when they get their technologies right. It is just a matter of time; right now those western corporations should be worried about losing the juicy contracts by being dick.



posted on Jun, 18 2014 @ 04:20 AM
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a reply to: Xcathdra

It is sad that we continue to put money and greed first. We really need to be moving away from fossil fuels it is a shame that someone cannot provide the technology so that we do not have to use these obsolete fuel types..
Further It will not take long for the Russians to develop their own technology to get the petrochemicals from the ground. ..
edit on 18-6-2014 by purplemer because: (no reason given)



posted on Jun, 18 2014 @ 04:56 AM
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It will be a very long time before humanity learns to work together .. the last to learn that will be the politicians ..

Maybe it will get people to work on developing better and more efficient alternative energy sources .. rather than continuing to rely on an ever dwindling supply of fossil fuels ..



posted on Jun, 18 2014 @ 05:52 AM
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The oil isn't going anywhere, and neither are the Russians, who happen to be a very patient and pragmatic people.

In any case, Russia during the Soviet era was producing more oil and gas than any other nation on the planet...so they can't be THAT reliant on Western tecnology having once been previously the worlds largest producer. Necessity being the Mother of invention means if the Russians need something and cannot rely on others to supply it, they'll simply engineer their own solution, and probably do it more efficiently, faster and cheaper too.

As for your articles propaganda (what else from you?) of 'Russias latest aggression towards Ukraine'..what 'latest aggression' would that be then?

There hasn't been any Russian aggression during any of the entire Ukraine debarcle..whatsoever. In fact, apart from the regular anti-Russian propagandists on here, and most of the lap-dog media, the world can readily see for themselves who the aggressors in this tragic situation are and it is not coming from the Russian Federation, however desparately the US and EU would like the world to believe it, or how many times it is repeated...blatently obvious BS remains as such, even if repeated indefinitely.

There has been plenty of US and EU aggression whoever, there's been Neo-Nazi Ukrainian coup aggression, puppet government ordered Ukrainian regular Armed forces aggression against defenseless civilians, air strikes, tanks, and even now chemical based phosphorus weapons used against those Ukrainians and their children and elderly who have had the absolute nerve to refuse to recognise a US and EU sponsored puppet regime installed by bloody violent coup.

Innocent Men, Women and Children are being blown to bits and burnt alive at the hands of the so-called Ukrainian government...and you and your ilk come on to sites like ATS and spew that the Russians are somehow the aggressors?

The murder of innocents turns my stomach, as does knowing there are those who would type and repost any old rubbish propaganda, pointing at Russia who have show remarkable restraint and statesmanship, to deflect attention from those who are actually responsible for indescriminate murder of civilians, the attempted defense of the indefensible, regardless of the startling and glaringly obvious untruths contained within that, is mind numbingly incomprehensible.

Do you sleep well?



posted on Jun, 18 2014 @ 06:09 AM
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Yes yes the"oil isn't going anywhere".Neither is the 8 trillion.If I had that in my backyard it would be going somewhere.But then isn't this the country that bankrupted themselves trying to win the cold war?Just can't realize their brash political acts cost them.



posted on Jun, 18 2014 @ 06:13 AM
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So you trying to tell me the nation that build rocket engines for american rockets cant build a oil drill or a freeking fracking machine when they feel like. Maybe just maybe they do not need it as yet. Enough other reserves. The longer they wait the pricier the oil and the cheaper the technology. Do you really think in any case that the big oil companies will tell russia to stuff their contracts and they loose mega bugs cause little usa tell them to. Get real



posted on Jun, 18 2014 @ 06:33 AM
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Very well put .The attempt to belittle Russia and make them seem insignificant in technology and diplomacy is only something the ignorant will believe .The Russians them selves know all about the propaganda machine having experienced it first hand in the past .The west is only starting to wake up to their own shills peddling such tripe .We are becoming intimately familiar with some of their agents as well ...peace a reply to: MysterX



posted on Jun, 18 2014 @ 07:54 AM
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the2ofusr1 / neversaynever

Except for the fact that currently American oil companies are assisting Gazprom with the fracking / revitalizing older oil wells.

Russia did not have the capability to do this on their own. Its not belittling Russia so you should move off that tired excuse. As an example France is about 20 years ahead of the US when it comes to nuclear power generation technology.

Quit seeing conspiracies in everything involving Russia. Contrary to what you think, Russia is no more the top dog in the world than the US is.



posted on Jun, 18 2014 @ 08:11 AM
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a reply to: Xcathdra

Ha, I was wondering when the great apologist for fascist Ukraine would return.

You seem to dismiss Russian ability to develop and manage the exploitation of its own oil and gas fields. I think you would find that Russia - unlike the then Soviet Union and the now Communist Party of the Russian Federation - fully desires to engage in open and fair trade with all countries. That includes all of Europe and the USA. That includes Ukraine, if only their government would pay for the gas they have thus far acquired from Moscow.

Drilling for oil and gas with the aid of external entities helps Russia to both develop sustainable high-tech resources and to foster long-term economic ties that offer great prosperity for those involved - the Russian companies, their shareholders, the Russian state, the foreign entities involved, and the economic base of their domicile countries.

To accuse Russia of being a dog in a position similar to the US is a joke, but maybe nothing more than I expect from one like you. Just remember that little political mess Obama found himself in regarding attacking Syria? Recall that Putin totally out-maneuvered him and the whole US government on the issue. That's just one example of Russia being a Top Dog and USA being a bullying poodle crippled by old age, and just too many dog fights.

Don't you think it is time you give up this anti-Russia thing you have going? You're clearly ill.

edit on 18-6-2014 by Blister because: (no reason given)



posted on Jun, 18 2014 @ 08:15 AM
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a reply to: Blister

Here is a novel concept.

How about you actually read the article then engage in the conversation. Not that your snide remarks and personal attacks ever get old or anything.

If we look at Sochi Olympics, you would have noticed Russia requested our technology that was able to disrupt IED with remote detonation (cell phones).

We use Russian rockets for the time being while we rebuild our industry to remove the reliance on Russia.

You guys need to stop seeing conspiracy in everything. It absolutely destroys the conversation in the thread.



Don't you think it is time you give up this anti-Russia thing you have going? You're clearly ill.


I have taken my government to task and have disagreed with a lot of their actions. Where as you and several others seem to be exhibiting severe Stockholm Syndrome with Russia.

Since you lipped off how about you tell us what information in the article is wrong and support it with those things called facts.


edit on 18-6-2014 by Xcathdra because: (no reason given)



posted on Jun, 18 2014 @ 08:28 AM
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a reply to: Xcathdra

LOL. Engaging in petty nationalistic fervor, are we? What conspiracy are you on about? Would this be the conspiracy about fascists in Ukraine? Svoboda? Right Sector? Nuland? Cookies in Kiev? These are all facts. Just like you defending the theft of Russian gas by Ukrainian oligarchs (remember the "Gas Princess"? You surely know who she is? I wonder how she made so much money from gas... she should still be in prison)

These are facts. You mention Russian rockets (I assume those being used for US Defense space launches). What on earh has this got to do with things?

You should be asking yourself why western businesses just love doing business in Russia. Here's a quote from your quoted Bloomberg:

Source: www.bloomberg.com...


Sanctions have had no impact on working in Russia yet, BP BP Chief Executive Officer Bob Dudley said in Moscow today.

What, you not brave enough to quote that? LOL.

The simple reason these companies want to invest billions of roubles in Russia is that they can rely on Russia. The world knows it.



posted on Jun, 18 2014 @ 08:30 AM
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a reply to: Blister

Its not relevant to the discussion. Had you read the article completely and understood it, in addition to the debate thus far, you would know that.

You have anything on topic?

If you do add to the thread. If you don't please move on and stop derailing this thread.
edit on 18-6-2014 by Xcathdra because: (no reason given)


(post by Blister removed for a manners violation)

posted on Jun, 18 2014 @ 09:00 AM
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off-topic post removed to prevent thread-drift


 



posted on Jun, 18 2014 @ 09:15 AM
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a reply to: Blister

I am sorry Russia is a top dog, and US is a scared little poodle?

Russian are you?



posted on Jun, 18 2014 @ 09:26 AM
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a reply to: Xcathdra

Derailed another thread?

You can't even rebut the essence of what I have asserted, that Russia is an attractive place to do business. That is why these overseas investors are clambering to do business there.

The fact that Russia wants to be part of the global economy is good. You seem to making some sort of infantile claim that such a desire makes Russia weak, or vulnerable.

You cannot respond to anything that is contrary to your claims, without denouncing others as ignorant, half-witted, unresponsive or deluded. All words one could possible use to describe you given your repeated inability to enter into discourse and treat other members with respect.

Unlike you, most ATS members are not fascist-defending, Russian-hating xenophobes. And the fact is you are those things as most threads that you post prove it. Shame on you.



posted on Jun, 18 2014 @ 09:40 AM
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a reply to: Blister

Read my initial post regarding the Article. What you are trying to argue has absolutely nothing with this thread.




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