Company In Which Joe Biden's Son Is Director Prepares To Drill Shale Gas In East Ukraine

Tyler Durden's picture


Recall what we said earlier today: the proxy Ukraine war just like that in Syria preceding it, "is all about energy."

Recall also the following chart showing Ukraine's shale gas deposits, keeping in mind that the Dnieper-Donets basin which lies in the hotly contested eastern part of the nation and where as everyone knows by now a bloody civil war is raging, is the major oil and gas producing region of Ukraine accounting for approximately 90 per cent of Ukrainian production and according to EIA may have 42 tcf of shale gas resources technically recoverable from 197 tcf of risked shale gas in place.


Finally, recall our story from May that Joe Biden's son, Hunter, just joined the board of the largest Ukraine gas producer Burisma Holdings. From the press release:

R. Hunter Biden will be in charge of the Holdings’ legal unit and will provide support for the Company among international organizations. On his new appointment, he commented: “Burisma’s track record of innovations and industry leadership in the field of natural gas means that it can be a strong driver of a strong economy in Ukraine. As a new member of the Board, I believe that my assistance in consulting the Company on matters of transparency, corporate governance and responsibility, international expansion and other priorities will contribute to the economy and benefit the people of Ukraine.”


R. Hunter Biden is also a well-known public figure. He is chairman of the Board of the World Food Programme U.S.A., together with the world’s largest humanitarian organization, the United Nations World Food Programme. In this capacity he offers assistance to the poor in developing countries, fighting hunger and poverty, and helping to provide food and education to 300 million malnourished children around the world.


Company Background:


Burisma Holdings is a privately owned oil and gas company with assets in Ukraine and operating in the energy market since 2002. To date, the company holds a portfolio with permits to develop fields in the Dnieper-Donets, the Carpathian and the Azov-Kuban basins. In 2013, the daily gas production grew steadily and at year-end amounted to 11.6 thousand BOE (barrels of oil equivalent – incl. gas, condensate and crude oil), or 1.8 million m3 of natural gas. The company sells these volumes in the domestic market through traders, as well as directly to final consumers.

Now put it all together and what happens next should be rather clear.

* * *

Still confused? It's very simple, really.

In a nutshell Ukraine (or rather its puppetmasters) has decided to let no crisis (staged or otherwise) or rather civil war, go to waste, and while the fighting rages all around, Ukrainian troopers are helping to install shale gas production equipment near the east Ukrainian town of Slavyansk, which was bombed and shelled for the three preceding months, according to local residents cited by Itar Tass. The reason for the scramble? Under peacetime, the process was expected to take many years, during which Europe would be under the energy dictatorship of Putin. But throw in some civil war and few will notice let alone care that a process which was expected to take nearly a decade if not longer while dealing with broad popular objections to fracking, may instead be completed in months!

Civilians protected by Ukrainian army are getting ready to install drilling rigs. More equipment is being brought in,” they said, adding that the military are encircling the future extraction area.


The people of Slavyansk, which is located in the heart of the Yzovka shale gas field, staged numerous protest actions in the past against its development. They even wanted to call in a referendum on that subject. Environmentalists are particularly concerned with the consequences of hydrofracing, a method used for shale gas extraction, because it implies the use of extremely toxic chemical agents which can poison not only subsoil waters but also the atmosphere. Experts claim that not a single country in the world has invented a method of utilization of harmful toxic agents in the process of development of shale gas deposits.

Countries like the Czech Republic, the Netherlands and France have given up plans to develop shale gas deposits in their territories.

Not only them but also all-important Germany, which two weeks ago announced it would halt shale-gas drilling for the next seven years over groundwater pollution concerns.

Which clearly makes Ukraine, potentially the last place with massive shale gas deposits and no drilling ban, quite valuable to those who want to develop a major source of shale gas, one which reduces Europe's reliance on Russian gas even more, yet one whose future depends on one simple question: who controls East Ukraine?

Because what better way to accelerate "next steps" than to start drilling for gas in the middle of the Donetsk republic as a civil war is waging in all directions, and where public mood has shifted decidedly against the local "separatists" in the aftermath of the MH-17 tragedy.

The punchline: who will develop the gas field in conjunction with Shell (jointly owned by the Netherlands and the UK: the two countries that loathe Putin the most in the aftermath of the MH-17 disaster) which in May 2012 announced a tender for the right to develop the Yuzovka shale gas deposit?

Burisma, Ukraine’s oil and gas production holdings, also has the right to develop the shale gas fields in the Dnieper-Donetsk basin of Eastern Ukraine. The same Burisma where R. Hunter Biden, Joseph's son, was appointed a director two months ago.


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Fri, 07/25/2014 - 18:17 | 5005553 The Phallic Crusader
The Phallic Crusader's picture

Ukraine, Syria, Iraq, and Gaza - unrelated, they are not, hmmmm?

Fri, 07/25/2014 - 18:35 | 5005619 Whatchamacallit
Whatchamacallit's picture

Oh yeah, it's a gas gas gas ...

Sun, 07/27/2014 - 10:14 | 5009482 hot sauce technician
hot sauce technician's picture

I come to this site to get a free-market, liberty oriented take on world events yet the comments sections are inundated with Marxist tripe about all wars being banksters' wars and all regional conflicts revolving around natural resources. Bullshit. Religion, ethnicity and culture are at the heart of conflicts today as much as they have been for the past five thousand years. Means of production are just one, and even then a peripheral, consideration of warring nations today. (I'm not talking about the US, which happens to be an exception to the rule, as were all empires. ) Wars for material gain are a luxury only wealthy countries can afford - all the rest fight to maintain their statuses (religious, ethnic, cultural). Material gains resulting from victory are a byproduct. 

Sun, 07/27/2014 - 11:57 | 5009657 overmedicatedun...
overmedicatedundersexed's picture

hot sauce, you come here for the wrong reason, there is discussion here, fight club sorta, if you see marist tripe, well have at it. but you might at least read Gen Butler's "war is a racket", to get some backround, many see war as a tool to gain wealth, try LBJ and vietnam as in "Pacific architec and engineers" a firm doing lots of work in Nam during the war, owned by ah someone in the johnson family, ah maybe lady bird...

Mon, 07/28/2014 - 10:56 | 5012569 KidHorn
KidHorn's picture

The comments section at ZH is not the place to have an intellectual discussion.

It's funny how most of the posters feel they're the enlightened ones. Everyone else is brainwashed by MSM. The reality is they're as brainwashed as everyone else in the opposite extreme.

Fri, 07/25/2014 - 18:18 | 5005555 SgtShaftoe
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fascism bitchez

Fri, 07/25/2014 - 18:28 | 5005593 LasVegasDave
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In a more enlightened time, he and his father would be swinging from a lampost for abusing the public trust

Fri, 07/25/2014 - 18:42 | 5005634 LetThemEatRand
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That's okay, though, because they give half a bill to Israel and guys like you are okay with that.  So it balances out.

Fri, 07/25/2014 - 18:56 | 5005687 Slave
Slave's picture

Who here is okay with that?

Fri, 07/25/2014 - 18:59 | 5005696 LetThemEatRand
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Vegas Dave is.

Fri, 07/25/2014 - 19:04 | 5005704 LasVegasDave
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Wrong again asswipe.  All foreign aid should be cut. 

Ill keep my tax dollars, thank you very much.


Fri, 07/25/2014 - 19:09 | 5005716 LetThemEatRand
LetThemEatRand's picture

Fair enough.  I've seen you shilling for Isreal so I assumed, so I guess that made an asswipe out of me.  I stand corrected.

Fri, 07/25/2014 - 19:10 | 5005724 fonzannoon
Fri, 07/25/2014 - 19:13 | 5005737 LetThemEatRand
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Good one.  Let's talk about something lighter.   Like... Ukraine.

Fri, 07/25/2014 - 21:30 | 5006134 Zeptemberalevin
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heard the weather there has been terrible lately

Fri, 07/25/2014 - 19:23 | 5005767 Slave
Slave's picture

How is he a zionist pig for criticizing Israel? Pretty good at throwing their viewers off the scent aren't they?

Fri, 07/25/2014 - 19:32 | 5005795 LetThemEatRand
LetThemEatRand's picture

Before I figured out the Red Team/Blue Team paradigm, I loved Stewart.  He's the closest thing to Carlin we have in the mainstream.  But he's too Blue Team now for my taste (he still too often ignores what they do and only focuses on what they say).  Either way, I think your idea that he's a zionist plant is incorrect.  

Fri, 07/25/2014 - 19:34 | 5005810 fonzannoon
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He very well might be. It is interesting because he completely controls the millenials brains. So for him to be planting seeds in their brains about Israel is kind of interesting. Considering the rest of hollywood zigged and he zagged on the topic I guess is different to see.

Fri, 07/25/2014 - 19:42 | 5005842 LetThemEatRand
LetThemEatRand's picture

The thing that is really great about Carlin is that he saw the matrix long before almost any of us did, and certainly before anyone called it that.  I don't know if Stewart also does and just uses it, or if he's in it.  Time will tell.

Fri, 07/25/2014 - 19:45 | 5005852 fonzannoon
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our buddy whiteshadow sent this to me a while back. This is how good Carlin was at calling it ahead of time.

Fri, 07/25/2014 - 19:49 | 5005861 LetThemEatRand
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Fuck, man, now I'm going to be searching for Carlin videos all night!  I guess I'm already on all of the NSA lists, so fuck it.  

Fri, 07/25/2014 - 19:49 | 5005866 fonzannoon
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"Fuck him and his balls and his bicycles" LOL

Fri, 07/25/2014 - 20:11 | 5005926 knukles
knukles's picture

Guys, guys, guys....
There is No Way Under the Sun that Stewart is Not An Operative of the NWO/Matrix.

Get real
Wake up

Your exams will be at 0330, those not passing will be digging their own graves by hand and buried alive. Sleep well Comrades

Fri, 07/25/2014 - 20:17 | 5005953 fonzannoon
Sat, 07/26/2014 - 22:31 | 5008665 Carpenter1
Carpenter1's picture

Maybe we'll get lucky and an errand shell will fly his wsy.

Fri, 07/25/2014 - 21:11 | 5006090 Dublinmick
Dublinmick's picture

No moron must of us knew what the matrix was long before Carlin and John boy Stewart. Most people just did not have a stage to display it.

'The matrix is much deeper than Carlin or Stewart and anybody trying to figure it out through these clowns was spinning their wheels anyway.

Many of us do no need your goyim/kosher tag team to arrive at conclusions. Those who do find themselves far behind.

Fri, 07/25/2014 - 21:24 | 5006113 LetThemEatRand
LetThemEatRand's picture

I guess you're smarter than everyone, then.  But I guess you already knew that.

Fri, 07/25/2014 - 21:24 | 5006117 fonzannoon
fonzannoon's picture

you are a legend in your own mind.

Sat, 07/26/2014 - 04:13 | 5006658 Duffy Duck
Duffy Duck's picture

I feel the same.  I can't really fault a guy who's Jewish for being somewhat biased in favor of Israel, the country is full of people with a soft spot for "the motherland" or some such.  Good amount of Scottish people of Irish origin that are doubly disposed to not feel "British."  Anyway, I don't think he's anything like a Zionist plant or whatever, and frankly, I've heard people throw the "gatekeeper" thing at Chomsky, even Finkelstein - don't think it's a reasonable assessment if you look at the proverbial body of work, but that's just my opinion.

The reason why I don't bother watching him, or Bill Maher, is that there's plenty on the Left/Dem side that escapes their wit and sarcasm, and it is, especially in Maher's case, a little too biased.


I don't like the religious right, say, either, but this blaming the Tea Party shit has gone well beyond reasonable.  At least Daily Show goes after Obama pretty well.  Maher, and guys like Keith Olbermann, were Carlinesque against Big Brother when it was Bush, but their partisanship has made them hypocrites for the past 6 years.

Then again...  I detest Pelosi and Reid, but the way I look at it, absolutely no one is worse than McCain and Graham and a handful of GOP neocon cunts. 


And watching Rand Paul has been painful.  But then again, again...  as a practical matter, anyone who doesn't kiss the Israel Lobby's ring can simply do nothing.  And that's not RP's fault - that's the fault of the fat, lazy, brainwashed public.

I mean the US Congress has been bought by Israel - and what truly boggles the mind is the sheer, brazen audacity of those disgusting pukes who claim criticism of the Israel Lobby's power is "anti-Semitic."  I don't think most people are perturbed by the ethnic make up or myths, but by the hijacking, against our interests, by deeply embedded agents of a small foreign power looking to use American soldiers, airmen, seamen, and Marines as sword and shield to remake the ME for some fucked up delusion about recreating a regional superpower ethnarchy  -  that never even existed. And with zero - ZERO regard for the lives of tens of thousands of innocent people.


Fri, 07/25/2014 - 18:44 | 5005641 Buckaroo Banzai
Buckaroo Banzai's picture

In a more enlightened time, the Bidens would never have been allowed to get to this point.

In a more savage time, they might be found swinging from lampposts.

Fri, 07/25/2014 - 19:29 | 5005797 nmewn
nmewn's picture

Wait a minute, I thought the Bidens believed in "manmade global warming" and despised Big Oil and Big Gun and Big Corps and Big Banks.

Something isn't quite right here ;-)

Fri, 07/25/2014 - 19:34 | 5005815 LetThemEatRand
LetThemEatRand's picture

I get your point, but Biden is from Delaware -- the bank friendly law capital of the world, next to London.  He doesn't even pretend that he's not big bank.  He does pretend on the other things.

Fri, 07/25/2014 - 20:13 | 5005937 knukles
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They're all Reptilians, shape shifting and morphing as necessary to feast upon Humanity's very Soul itself

Fri, 07/25/2014 - 18:50 | 5005663 Amish Hacker
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The public what?

Fri, 07/25/2014 - 18:52 | 5005674 juangrande
juangrande's picture

I'm sorry, which enlightened time? This romanticizing of the American past is mind numbing! There have been rich white assholes running this place pretty much from the beginning and Europe before that. But they can't help it. It's what they do....

Fri, 07/25/2014 - 18:53 | 5005678 Urban Redneck
Urban Redneck's picture

His crooked brother should hang right along with them, the Delaware AG who still can't find a single Delaware bank crime to prosecute (after all it's not like daddy was collecting campaign contributions in change for rubber stamping their self-written banking laws while Hunter was collecting lobbying fees from the very same banks).

Fri, 07/25/2014 - 21:40 | 5006149 booboo
booboo's picture

and shot for stinking up the street

Fri, 07/25/2014 - 18:30 | 5005601 acetinker
acetinker's picture


Fri, 07/25/2014 - 18:31 | 5005602 Eirik Magnus Larssen
Eirik Magnus Larssen's picture

Crony capitalism and nepotism increasingly appear synonymous.

Fri, 07/25/2014 - 19:06 | 5005712 NoDebt
NoDebt's picture

Just wait till we get to the incest part.  The DuPonts polluted their own bloodlines to make sure the money and power didn't leave the family.  Can the Bidens be far behind?

Fri, 07/25/2014 - 20:57 | 5006061 palmereldritch
Fri, 07/25/2014 - 18:19 | 5005557 Bernoulli
Bernoulli's picture

Every sane person would think they have more important stuff to do than start drilling. But no.


Fri, 07/25/2014 - 18:19 | 5005559 Wahooo
Wahooo's picture

This will be a disaster. Since when did Shell or the lame shell company in Uke acquire the necessary expertise to pull off fracking?

Fri, 07/25/2014 - 18:26 | 5005586 JenkinsLane
JenkinsLane's picture

I don't know, ask me another.

Fri, 07/25/2014 - 18:46 | 5005649 acetinker
acetinker's picture

Honest question- Since when did borders impede exploitation of resources?

Fri, 07/25/2014 - 19:49 | 5005867 Wahooo
Wahooo's picture

They don't. But America is still the silicon valley of E&P and fracking experience and technologies are very much concentrated here and not in Europe. Had they said Exxon was doing the job, my comment would have been different. Euro E&Ps fuck things up all the time and they'll fuck this up big time.

Fri, 07/25/2014 - 20:20 | 5005902 acetinker
acetinker's picture

Funny, we each hit the reply button within one minute of each other.  What is this E&P you speak of?  Exploration and Production perhaps?

That's not limited by geography my new friend, there are many willing mercenaries who will sell their souls for a big payday in the oilfields.

Edit; You are one of those mercenaries, aren't you?

Fri, 07/25/2014 - 23:36 | 5006375 vlad335
vlad335's picture

Euro E&Ps fuck things up all the time and they'll fuck this up big time.

Perhaps that is the plan. Make the fracking over there a complete and utter environmental disaster so the Left can point fingers later,

Of course, Biden Jr. will get a big payday beforehand.

Fri, 07/25/2014 - 19:50 | 5005870 acetinker
acetinker's picture

Ok mook, i gave you over an hour, but the answer is never.  NEVER.  It doesn't matter whether you think we were created in the image of God, or that we emerged via natural selection.  Never have borders precluded exploitation of resources, NEVER!

Sat, 07/26/2014 - 09:51 | 5006891 logicalman
logicalman's picture

Borders are only there to split up humanity into manageable herds.

The farmers can move around at will.

Do NOT follow this link or you will be banned from the site!