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OIL FOR 2500 Billion :
Statoil considers facts lie 12 billion fat oil and gas in Barentshavet. But it is the a problem. The thing is oil lie in it part of Barentshavet do not have absolutely was clarifying borders against Russia. With that able oil be the object of aloud political gambling. Presentasjonsmaterial as Evening post sit on , demonstrate that Statoil considers it is the 12 billion fat oil there. Along with today's oil price talking of assets for 2500 billion crown.
Builds edged in Barentshavet US Geological Survey USGS ) estimates that 25 per cent at world's overall oljeforekomster tied up her in The Arctic , as Barentshavet am a bit at. Today builds Statoil up Snøhvit at Norwegian agedown. There considers company facts lie 10 billion fat oil. Facts new area able consequently be even bigger than Snøhvit. Foreign secretary Jan Petersen am at present at travel in North west - Russia after Monday how Russian builds oljeplattformer for their agedown at Barentshavet. They have done kjempefunn in cell Stockman
Negotiations Yet hasn't Norway and Russia come in aim in negotiations about Barentshavet. They new occurrences able do negotiations continueous awkward. We have long desire to be completed along with delielinjeforhandlingene , as now has aggressive in three decade , but no at what now has arise , shall change our the thinking around this , now , say Foreign secretary Jan Petersen at Evening post.
Originally posted by Seekerof
Let's hope, for the Russian's sake, that it is not like it was when they invaded Finland in WWII.
The name "Mannerheim" still reverberates through the Russian military historical annuals...
Originally posted by Hellmutt
Here we go...
ATS: Troops Invade Norway
"Participating nations :
– Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Romania, Spain, Switzerland, Sweden, United Kingdom and USA"
Originally posted by CAPT PROTON
So what's your point?
There's 200 billion barrels of oil on the US/Cannadian border. Big deal.
United States Country Analysis Brief
According to the Oil and Gas Journal, the United States had 21.9 billion barrels of proved oil reserves as of January 1, 2005
United Kingdom Country Analysis Brief
As of January 2004, the UK’s proven crude oil reserves stood at 4.7 billion barrels, the largest within the EU, according to the Oil and Gas Journal
Originally posted by Hellmutt
200 billion barrels? Are you sure? That sounds like alot...
Originally posted by CAPT PROTONThats why West Texas got killed by the Saudis. It is super hard to drill the hard Permian Basin limestone formation as compared to drilling through sand and sandstone in Saudi Arabia. In the eighties, to make a profit in Midland, Texas, you needed the price of oil to be about $30 a barrel because of the effort involved to get at the oil. But OPEC flooded the market and drove the price down to $10 a barrel. So, naturally they couldn't compete and the place went bust. But just because they went bust didn't mean the oil dried up. It just wasn't economically feasible to get it any more with the way market conditions were.
So there you have it, OPEC has tried to starve the US for oil in the seventies, and when that didn't work, they tried to flood the market and ruin the US oil producers.
The solution, suck the Saudis dry over time with big SUVs and a hot economy and then dump their sorry a$$es when its all gone.
Some of their big fields are beginning to sputter. And the moment they have to inject water into their wells to maintain production, they'll ruin whatever is left in that particular field and then not be able to get it out. The rest of OPEC will have a hard time meeting production without them, and then will be over run by more organized, better equipped foreign outfits and the US.