This page has been archived and commenting is disabled.
Russia Discovers Massive Arctic Oil Field Which May Be Larger Than Gulf Of Mexico
In a dramatic stroke of luck for the Kremlin, this morning there is hardly a person in the world who is happier than Russian president Vladimir Putin because overnight state-run run OAO Rosneft announced it has discovered what may be a treasure trove of black oil, one which could boost Russia's coffers by hundreds of billions if not more, when a vast pool of crude was discovered in the Kara Sea region of the Arctic Ocean, showing the region has the potential to become one of the world’s most important crude-producing areas, arguably bigger than the Gulf Of Mexico. The announcement was made by Igor Sechin, Rosneft’s chief executive officer, who spent two days sailing on a Russian research ship to the drilling rig where the find was unveiled today.
The oil production platform at the Sakhalin-I field in Russia,
partly owned by ONGC Videsh Ltd., Rosneft Oil Co., Exxon Mobil
Corp. and Japan's Sakhalin Oil and Gas Development Co. on June 9, 2009.
Well, one person who may have been as happy as Putin is the CEO of Exxon Mobil, since the well was discovered with the help of America's biggest energy company (and second largest by market cap after AAPL). Then again, maybe not: as Bloomberg explains "the well was drilled before the Oct. 10 deadline Exxon was granted by the U.S. government under sanctions barring American companies from working in Russia’s Arctic offshore. Rosneft and Exxon won’t be able to do more drilling, putting the exploration and development of the area on hold despite the find announced today."
Which means instead of generating billions in E&P revenue, XOM could end up with, well, nothing. And that would be quite a shock to the US company because the unveiled Arctic field may hold about 1 billion barrels of oil and similar geology nearby means the surrounding area may hold more than the U.S. part of the Gulf or Mexico, he said.
For a sense of how big the spoils are we go to another piece by Bloomberg, which tells us that "Universitetskaya, the geological structure being drilled, is the size of the city of Moscow and large enough to contain more than 9 billion barrels, a trove worth more than $900 billion at today’s prices."
The only way to reach the prospect is a four-day voyage from Murmansk, the largest city north of the Arctic circle. Everything will have to shipped in — workers, supplies, equipment — for a few months of drilling, then evacuated before winter renders the sea icebound. Even in the short Arctic summer, a flotilla is needed to keep drifting ice from the rig.
Sadly, said bonanza may be non-recourse to Exxon after Obama made it quite clear that all western companies will have to wind down operations in Russia or else feel the wrath of the DOJ against sanctions breakers. Which leaves XOM two options: ignore Obama's orders (something which many have been doing of late), or throw in the towel on what may be the largest oil discovery in years.
And while the Exxon C-suite contemplates its choices, here is some more on today's finding from Bloomberg:
“It exceeded our expectations,” Sechin said in an interview. This discovery is of “exceptional significance in showing the presence of hydrocarbons in the Arctic.”
The development of Arctic oil reserves, an undertaking that will cost hundreds of billions of dollars and take decades, is one of Putin’s grandest ambitions. As Russia’s existing fields in Siberia run dry, the country needs to develop new reserves as it vies with the U.S. to be the world’s largest oil and gas producer.
Output from the Kara Sea field could begin within five to seven years, Sechin said, adding the field discovered today would be named “Victory.”
Duh.
The Kara Sea well -- the most expensive in Russian history -- targeted a subsea structure named Universitetskaya and its success has been seen as pivotal to that strategy. The start of drilling, which reached a depth of more than 2,000 meters (6,500 feet), was marked with a ceremony involving Putin and Sechin.
The importance of Arctic drilling was one reason that offshore oil exploration was included in the most recent round of U.S. sanctions. Exxon and Rosneft have a venture to explore millions of acres of the Arctic Ocean.
But what's worse for Exxon is that now that the hard work is done, Rosneft may not need its Western partner much longer:
“Once the well is plugged, there will be a lot of work to do in interpreting the results and this is probably something that Rosneft can do,” Julian Lee, an oil strategist at Bloomberg First Word in London, said before today’s announcement. “Both parties are probably hoping that by the time they are ready to start the next well the sanctions will have been lifted.”
And here is why there is nothing Exxon would like more than to put all the western sanctions against Moscow in the rearview mirror: "The stakes are high for Exxon, whose $408 billion market valuation makes it the world’s largest energy producer. Russia represents the second-biggest exploration prospect worldwide. The Irving, Texas-based company holds drilling rights across 11.4 million acres in Russia, only eclipsed by its 15.1 million U.S. acres."
Proving just how major this finding is, and how it may have tipped the balance of power that much more in Russia's favor is the emergence of paid experts, desperate to talk down the relevance of the Russian discovery:
More drilling and geological analysis will be needed before a reliable estimate can be tallied for the size of the oil resources in the Universitetskaya area and the Russian Arctic as a whole, said Frances Hudson, a global thematic strategist who helps manage $305 billion at Standard Life Investments Ltd. in Edinburgh. Sanctions forbidding U.S. and European cooperation with Russian entities mean that country’s nascent Arctic exploration will be stillborn because Rosneft and its state-controlled sister companies don’t know how to drill in cold offshore conditions alone, she said.
“Extrapolating from a small data sample is perhaps not going to give you the best information,” Hudson said in a telephone interview. “And because of sanctions, it looks like there’s going to be less exploration rather than more.” In addition, the expense and difficulty of operating in such a remote part of the world, where hazards include icebergs and sub-zero temperatures, mean that the developing discoveries may not be economic at today’s oil prices.
Maybe. Then again perhaps the experts' time is better suited to estimating just how much longer the US shale miracle has left before the US is once again at the mercy of offshore sellers of crude.
In any event one country is sure to have a big smile on its face: China, since today's finding simply means that as Russia has to ultimately sell the final product to someone, that someone will almost certainly be the Middle Kingdom, which if the "Holy Gas Grail" deal is any indication, will be done at whatever terms Beijing chooses.
»
- 101066 reads
- Printer-friendly version
- Send to friend
- advertisements -
That is really alarming. Only the USA is allowed to issue propaganda. Shame on Russia for trying to issue its own.
Seems to me to be a universal phenomenon rather than a Red Team, Blue Team thing, but I see a lot of ZHers deride the statistical improbabilities and naked lying of the devil they know best and yet curiously rejoice in the same operational principles when coming from the devil they know least.
Would I prefer living under the tyranny of the hapless, term-limited, short-attention-span golf nut in DC or under the actively oppressive and focused control of the James Bond wannabe President-for-life sleeping in Stalin's bed?
Naturally, I prefer a world without tyrants of any sort, but, if forced to choose solely between these two unpalatable alternatives, Obama's got my vote every time. The US Constitution is sorely damaged but it still lives and will continue to do so as long as American boys and American guns stand in the way of ambitious rulers everywhere. Obama's departure is automatic, Putin's is problematic.
useless talkings
Russia don't care what you think.
Russia has good results....
http://ozziesaffa.blogspot.com/2014/06/15-years-of-putin-rule-in-one-infograph.html
better worry about your own country
Well, you see, now most of the kleptocratic overlords are actually Russian. Pre-Vlad - most were not. They're happily trading organs and white slaves in Israel now.
Speaking of organs and slaves and suchlike subjects, how are things going in the newly free and independent Scotland?
Sorry, it's just hard for me to hate Putin and Russia when the Americans are such flaming assholes.
It's our diet. We eat a lot of green chile out here in the West. I refuse to speculate on how you get yours.
No sign of USA labeling GMOs, never mind banning them, like Russia did.
1) Don't confuse the people of the United States with the government of the United States. All governments everywhere abuse their mandate to act on behalf of their citizens.
2) The solution to government abuse of their mandate is not to put nicer thieves in power but to drastically limit the power of government to do anything, especially reward their friends with the money of the general populace and future generations, so that it does not matter which clique of banditos is running the bare bones machinery of state.
3) You are no doubt familiar with the concept of dead letter statutes which look nice on the books but have no effective impact on reality. China, just as an example, undoubtedly has a nice set of western-modelled anti-pollution laws on the books. No matter how high-minded the law may be, I'm sure that GMO items are imported into Russia provided that they have gone through the necessary kleptocratic payoffs inherent in transacting business in any dictatorship or centralized society.
4) Absent SOMEBODY eating GMOs, the ever-increasing population of the world is going to smash into a wall of politically-limited food production. I'm sure you're planning on being one of those who escape the Malthusian crash, but there is no guarantee that an elitist desire to starve other people will translate into personal survival in any specific case.
Tarabel, you sound like a phony to me.
Time to start killing Russian children
In Russia, you do not kill children, the children kill you.
Doesn't the U.S. have a bomb for that one as well?... Cause they certainly won't win with sanctions and demanding that their oil only be sold in USD!
Unlike India's $75 million Mars orbiter trip and Russia's massive oil discoveries the U.S. has only one real export which making war and nothing else!...
US to Saudis and Israel: "Fuck it. I quit!"
Saudis and Israel to US: "You quit when we tell you to quit!"
US to Saudis and Israel: "Have fun with ISIS. Russia is our BFF now. Fuck it. I quit!"
Saudis and Israel to US: "You quit when we tell you to quit!"
Channeling Uncle Walty
"And that's the way it is!"...
Obama wants to restrict the development, use, and exploration of oil.
Putin wants to do the opposite.
Guess which country ends up ahead economically?
My Curious George looking President has really fuckered up the future of our country.
"My Curious George looking President has really fuckered up the future of our country."
Comment of the week! +100 for the good belly laugh it produced.
At this rate Mickey Mouse will be the next hood ornament.
Exxon to US: "Fuck it. I quit!"
Putin wins. Again.
if you look at the 2nd pic and then follow the big blue line (artic circle) to russian finland border..thats where I have been born, eh..in finland side.. so this well is basically in my backyard...maybe i should drill few holes on the ground next summer
Can I invest ?
Screw electric, gimmee a Hemi.
Putin to Obama : "Ya tvoyu mat"
it's "yob", not "ya" and "math".
Near one of the coldest inhabited places on planet Earth, I'd bet that those Russians could figure out something to do with all that oil if there were no other international buyers out there at all. And I doubt that anyone gives a crap what manchild thinks about anything when dealing with a discovery of this magnitude. They'll get it out of there if they have to pull it up in buckets and manually carry it ashore over the ice. Imagine how many Mexican immigrants that would take, relieving immigration pressures elsewhere. Overall, a win-win.
they can make tons of useful things out of it actually. Even heard of styrophoam? Or fertilizer? Guess you haven't. All made outta oil.
Gee whiz! Thanks, Mr. Science!
Heard coming from the DC US, Israel and various Rothschild bankster estates:
"Mine! Mine! Mine!..."
https://www.youtube.com/watch?v=p-3e0EkvIEM
An American, not US subject.
You got Alaska so why cant you give Crimea to Russians, then lift off the sanctions and all will be friends again.. okey, maybe east ukraine too..
Like the Gulf of México... let's wait till there's a blowout in the Artic too. I wonder if that'll be the day when we'll start innovating in eating stones.
Well, let's see now. Obama undoubtedly knew about this find (announced today, but obviously they didn't just start drilling today), hence the sanctions on Rosneft. Supposedly Russia has the oil but not the financing or the expertise to get at it.
China has the financing. Who, besides the U.S., has the expertise? Well, China has that too:
http://news.xinhuanet.com/english/china/2012-05/09/c_131576610.htm
Then, again, Brazil is doing deepwater drilling as well, in cooperation with an Indian company:
http://www.offshore-mag.com/articles/2014/09/poco-verde-extension-well-o...
http://www.ongcindia.com/
Brazil is also getting help from Norweigian and American companies, so they are a "maybe." But if China goes all in, Russia wins. BRICS together now?
ice in winter is much different than mere deep water - but your point is well taken it is about experience - and Russia will move out of Exxon sphere of influence - another Obamination
Expertise like BP in the Gulf a few years ago?
Oligaff to 2nd string Putin Adviser ' any indication of what's on President Putin's mind ? '
' Nyet, awaiting to hear from No.1 Adviser and get back to you comrade .'
Oligaff to Barry ' Call you tomorrow with your next Executive Order, so you can fuck off back to the golf course cunt. '
Much of the gear for drilling is industry supplied and not necessarily manufactured inside American oil companies. These equipment suppliers sell the equipment to whomever can pay. Also engineers and technology experts can also be pilfered and paid for by highest bidders. Too many allow American industrial war complex propaganda machine to brainwash you into a hubris state. The world will can survive without American "exceptionalism".
lavrov live on rt http://rt.com/on-air/
get used to it
"...Exxon would like more than to put all the western sanctions against Moscow in the rearview mirror: "The stakes are high..."
Exxon has the resources to effect a change in US foreign policy by fair means or 'foul'. I suggest they do so.
"Barry, we have a big fund raiser on Nov 22 in Dallas. You should haul in at least 5 mil personally!"
"Wow, maybe I misjudged you oil guys! I'll be there!"
Ha, the zioqueers must be foaming at the mouth as they fantasize about regaining control of Russia.
Did russia know that a while ago and provoke the sanctions?
According to RIA Novisti
For every two barrels Rosneft gets to pump, Exxon gets to pump one.
That's what the deal is.
Yet another nail in the coffin of peak oil
So few days of super expensive extra supply is nail in the coffin of peak oil??? Could you expand on your retarded comment?
I have no clue as to how much oil/natgas is left and how much is easily accessible etc. What i do know is they would not be strategizing about pipelines etc. if they didn't plan on having something to pipe through. They can't be that stupid can they?
He must also be referring to the disappearance of demand which will occur when the Fed can't print fast enough to keep the market from seeking its real level.
Imagine what happens to your cock and balls when you are tossed naked in a vat of ice water.
Now imagine demand for oil is your cock and balls.
Anything but...
http://olduvai.ca
XOM is the 10th rated component weight in the DOW average.
http://indexarb.com/indexComponentWtsDJ.html
That is some low viscosity, heavy weight DOW crude behavior.
Sergei Glaziev's latests..Sergei Glaziev is an Advisor to the President of the Russian Federation, Full Member of the Russian Academy of Sciences... maybe to hard for those in hangover
http://eng.globalaffairs.ru/number/The-Threat-of-War-and-the-Russian-Res...
Glaziev is a brilliant guy--he got into a bit of trouble for a while because he was looking like too much competition for Putin, but now they are getting along great...With Glaziev and Lavrov on his team, Putin has a real strong edge over the US when it comes to both smarts and competence....
Saker has posted an excellent interview with Glaziev on Youtube which provides insight into this guy's thinking:
https://www.youtube.com/watch?v=cikvqdMRTTA
Okay, then do i understand correctly that either plate tectonics had the current arctic near the equator, or is it that it was once overgrown with flora, fauna, etc. and stomped on by dinosaurs as a result of um, climate "change"? Maybe those Russky abioticists are onto something? Al, you Inconvenient, please coordinate...
At the end of the day, the oil in the Kara Sea fields, is Russian oil. They'll find a way to get the oil to market if it is economically possible--with or without Exxon. The important fact is the Russians have energy resources on their property and they are exploiting them vigorously. And yes, the Russians are doing it with the active help and participation of the government. So what? At least they are bringing the energy to market.
And what are we doing here in the good old USA?
The US government throws up every roadblock possible to energy exploration and recovery. Most recently, the O'Bummer administration, led by attack dogs in the EPA, has stifled(or tried to stifle) projects like off shore drilling, fracking, the pipeline from the Bakken oil fields. Our cumbersome court system doesn't help either.
And so while we here in the USA sit here fat and happy in spite of what's going on in the real world....at some point reality will raise its ugly head. The USA will have nothing of value to trade for oil we will have to import. Those who are exporters of oil, to the extent they will take "US dollars" at all for payment, are going to want a LOT of dollars for their oil. The "Petrodollar" is on the way out.
And then war will surely come--it alrewady has for those paying attention
And don't give me that shit about TPTB "not allowing" it to happen.
Hey, hold on! You make it sound like Barry is the Enemy of the US!
Who needs to work hard and spend lots of $$ to develop an oilfield to 'earn' a trillion when the Fed can simply conjure the same trillion in a nanosecond? That Russian economy sure is obsolete. Plus, fiat conjuring is better for the environment!!!
ExxonMobil holds "rights" in Russia. Good one.
9 billion barrels. That's what? 6 months world supply?
Without the broke war mongering west how much is it?
And if history is any indication, this will be downgraded to perhaps a billion barrels (if not less) in a few months...
http://olduvai.ca
With Arctic oil , maybe the Eskimo's will become rich enough so that when the last ise melts due to glaobal warming , some enterprising salesman will sell ice to the eskimos .
All the military contractors will be licking their chops as well . Endless border wars are looming .
See http://andreswhy.blogspot.com/2009/02/arctic-oil-wars.html
LO fuckin' L.
On soooooo many levels.
sanctions...ROFLFAO
didn't Putin mention something about washington "cutting off it's nose to spite it's face"?
and DC can forget about the "Islamic state of the Artic", Moscow has alreay moved in enough military hardware to keep things peaceable...
dear Washington,
good jobs guys, way to show Moscow who's boss. idiots.
please stop making forgien policy decisions. period.
warmest regards,
marcusfenix.
are you nuts? The penguins need to be freedomised & liberated from Polar bear terror.
Pollute up there and you don't have a prayer of cleaning it up
With the FSB, BP & Exxon on the job I expect any mess to be cleaned 99% within days...
from the headlines!
Nuclear waste in Kara Sea could spread to other continents
"The extent of the dumping was documented in September of 2012 on a Norwegian-Russian joint expedition to the Kara Sea. In a report released on Sept. 26, 2012, it was found that the Soviets had dumped some 16 reactors and 17,000 containers of radioactive waste, in solid and liquid form, as well as several submarines."
"Most of the containers were found east of Novaya Zemlya, including the nuclear submarine, K-27. This particular submarine is of great concern to many because the reactors still contain highly enriched uranium fuel, making the sub a potential time bomb."
Looks like most of the nuclear waste is located west of the oil exploration area.
http://www.digitaljournal.com/article/361035
http://www.bbc.com/news/world-europe-21119774
this oil belongs to israel and the jews.
i read it in the tora bora i saw a spielberg tv talmudick rabbi show.
putin is a thief and a bully america must help the innocents of israel take this kosher krude back from this moscowitch beast.
You're boring me.
i have a copy of anne franks diarys and james herberts the rats.
the first a rather dull fantasy written in the 1950s by a conman.
the second book the rats very exciting hot sex plenty of violence and rats eating people from the inside out.
send me your address and i will pop them along
that same diary that had balpoint pens used to write it even tho ballpoint pens were invented after WII?
http://lovkap.blogspot.com/2011/01/who-wrote-diary-of-anne-frank.html
Interesting read.
Bullish: Arctic warfare training and equipment.
Ice Station Zebra
Oh cool, it looks like the price of gas is going to come down then.......
Hey Putin, you do not have Canada's permission to take that oil!
(shut up crickets!)
http://russia-insider.com/en/politics_ukraine_opinion_christianity_socie...
Looks like the USA under Obama will be buying cheap Russian oil instead of selling expensive frack oil to Ukraine. My how the tables so quickly turn--Especially on Obama who can't seem to get anything right.
NATO to begin humanitarian air strikes in the Arctic, then invade in order to free the shit out of the Polar bears!
A third option for Exxon would be to re-locate its HQ to Switzerland and put all this US tax and sanction stuff in the rear view mirror!
or get Texas to secede.
Bazhenov Shale = An estimate by Wood Mackenzie of the Bazhenov Formation puts oil in place at 2 trillion barrels.
http://en.wikipedia.org/wiki/Bazhenov_Formation
Now that is what you call a find
the world guzzles 90 million bpd of oil. That is the official figure, of which conventional oil, excluding : tight oil, ngl/condensate, tar sands oil, ethanol substitute from corn/sugar cane, is 75 million bpd.
Based on that consumption, an oil find of 1 billion bbls of "recoverable" reserves, NOT "existing in situ" reserves, represents worldwide exactly 11 days of total oil consumption...or 15 days of conventional oil consumption.
So... this "big huge" find has to be multiplied several times for it to effect the world supply/demand situation notably.
As the cost of this oil will be as high as the sub arctic temperature is low, it better be easy to extract it from "down under"...the arctic icy sea.
Note that current depletion rates of old conventional oil wells is around 4/5% per year, aka 3 million bpd equivalent production disappears every year from the earth.
3 million bpd depletion per year is ONE billion barrels per year; aka exactly the size of this first find.
Look at this from the Oil industry perspective as opposed to the "speculative" financial perspective, and you can see fossil fuel extraction to feed the world is a losing battle in terms of a thirty year and more perspective.
(Unless you are an abiotic oil nut)
Well if consumption is high, and if supply is limited, why doesn't the price reflect that?
Why s the price of oil so low?
(not sarcasm, I'm actually asking.)
Consumption was higher before Obama was elected. My freeway was jammed before the bubble burst. So was my local mall. Not now.
The price of oil is so low because a higher price for it would be a coup de grace for this 'so-called' recovery.
Maybe there's a moving shift of consumption based on real slowdown of manufacturing. Unsure. I trust few numbers on their own, but they all move together with a pattern.
Another thought: what if like gold in China, oil is brought up & consumed off-market so (e.g. military) it isn't sold for any known price therefore prices can't reflect this?
there is a lot of "speculative" price hiking built into oil "spot" rates, by these global mega oil traders like Glencore/Astra.
Just remember how that bubble burst in 2008 and the speculative spot price of oil dived from 145 to 40 $/bbl, before it climbed back to 90-100 a year later...
RUSSIAN
??? ?????
Pik nefti
Sorry NWO, there go the Goldman Sach.
There has been a guy running around for years claiming that the government was hiding massive oil reserves in the artic.
So what if the Russians found a huge new oil field? The smiles are going to run away from their faces when they find out that Obama's going to levy a carbon tax on it all!
Oh this is a thing of beauty. Chalky and the ZOG will have to back the fuck down. Well done Vlad.
Isolated indeed. Between two oceans.
torabora:Pollute up there and you don't have a prayer of cleaning it up
Bullshit.
That oil clean up stuff BP used in the Gulf worked AWESOME. Just ask the Gulf State residents.
Hello Petro-Ruble?
Economy turns down in 2015 till 2020. Upturns till 2024, just in time for Vlad's oil to come on stream. Oil price will be over the moon, Russia will be awash with money and new friends. Oil will be sold in Rubles and Yuan, and the world will be right again. Who knows, the US may be buying oil from Vlad; thats what Russia and Vlad want, to be rich, theres no profit in war, except for the banksters of course, but if's theres any justice, they will all be in jail..
Goodnight.
Don't have to tell you 'sweet dreams', 'cause you already had 'em.
This makes war inevitable now. NATO can’t let that prize go…too bad NATO is trying to take over the world; if we had treated our Russian brothers with respect things might have turned out different. You war mongers suck. Dysfunctional personality disorders all of you.
Too bad that it is politically practical for Russia to ignore the threats of environmental destruction, while instead investing even more heavily in developing weapons systems to defend those resources against the depredations of the international banksters and their buddies. All of these natural resources continue to feed into social systems which are necessarily based on lies backed by violence, in order for some human beings to control the development of those resources against other human beings. The end result of that basic dilemma is that the priority for the development of those resources will continue to be the short-term military imperatives, while all other longer term environmental concerns will be deliberately discounted and disregarded.
The FACT that human beings operate systems of lies backed by violence as the basis of civilization continues to mean that the discovery and development of natural resources primarily ends up done in criminally insane ways, because whomever is the most criminally insane will actually end up controlling what finally happens. The production of destruction controls production, in ways which will more and more eventually tend towards the longer term consequences of destroying life on the planet. However, some human beings fighting other human beings for control of those natural resources can NOT be prevented from running out of control, because human history has already established all of the psychological and political habits of the various dominant organized crime gangs to fight over control of those resources, in ways which will finally destroy pretty well everything, in terribly tragic ways.
The profound paradox of advances in science and technology enabling the development of more sources of natural resources can not be stopped from still going through increasingly insane social pyramid systems, based on controlling everything through backing up deceits with destruction. Russia will be forced to make military preparedness its first priority regarding its resources, in ways which sacrifice everything else on that alter, which fits into the overall problem that the entire planet is now being overrun by various apes with atomic bombs, whose human ecologies are based on the maximum possible deceits and deliberate ignorance towards everything else than the short-term military imperatives, since everyone is collectively forced into that social insanity situation, because there are no effective ways to prevent some people doing that, which then forces everyone else to respond by doing that too ... Paradoxically, every form of apparent good news for some people in the short-term is tending overall to become very bad news for everyone in the longer term.
I totally get what're saying. However, Russia has no choice in these matters; if they don't tap into what they already have, and abuse it the best way they can , someone else will come and abuse it for them, likely with some environmental consequences that would be far, far worse and with absolutely no benefits for the Russian population. Just check what Norway, Germany and Canada are doing in South America - Total Environmental Armageddon .
Indeed, Circle of DNA,
THAT'S THE PROBLEM.
Animals that gain powers which are trillions of times greater through science and technology enabling industrial revolutions are STILL animals, monkeys with money, apes with atomic bombs, etc. ...
Theoretically, human beings (and/or computer/machine entities) will have to develop some radically different kind of evolutionary ecology to cope with science and technology. However, at the present time, the practical problems are that civilization is controlled by the people who are, in the short-term, the best at being dishonest, and backing that up with violence DO control whatever civilization does, REGARDLESS OF THE LONGER TERM CONSEQUENCES FROM DOING THAT!
The international banksters would again like to do to Russia what they were able to do to Iraq and Libya, etc. ... Russians had the shit kicked out of them for a Century due to that processes. The Russian government under Putin appears to have learned enough of the banksters' tricks and methods to be able to play the evil games almost at their level. (Similarly with China.) However, most places in the world are still being steamrollered by the international banksters' systems, for instance, as you pointed out, most of South America.
When I was younger I used to believe more in the Holy Spirit of "Progress." I liked to imagine the more favourable and fantastic science fiction possibilities becoming real. However, more and more I have been forced to face that facts that what is actually happening are that science and technology are ending up creating the worst kinds of science fiction nightmares, as represented in the various dystopian, and/or horror story science fiction genres.
Theoretically we should be changing our political science as much as we have already changed our physics, so that we go through intellectual scientific revolutions regarding human ecology and political economy, to cope with technologies becoming trillions of times more powerful and capable. However, IN FACT, the primary ways that the industrial revolutions devolved have been through the production of destruction controlling production, so that we have been burning through fossil fuels as fast as possible, with the leading edge of that being fueling the military machines needed to maintain dominance in the production of destruction.
Apes tearing up the jungle and beating each other up to establish dominance over access to resources, and female apes, was sustainable animal behavior. However, apes with atomic bombs, to back up being able to burn all the available oil as fast as possible, regardless of the longer-term consequences, because nobody else could stop them from doing that by some other organized gang of criminally insane human beings, which could burn up that oil even faster, feeding their military machines, MEANS WE ARE TERMINALLY SCREWED!
Of course, on Zero Hedge there are lots of people who deliberately refuse to face the facts that money is measurement backed by murder, as the most abstract form of the ways that all private property is based on claims backed by coercions. People like to pretend that they were being "productive," when actually, the production of destruction was controlling which "productive" activities were directed to be developed. Human beings were always necessarily entropic pumps of energy, which then the industrial revolutions pumped up by many orders of magnitude. However, while natural selection had millions of years to allow evolutionary ecologies to develop between different species of life, human ecology, in which human beings have only relatively recently become the top carnivores, while the men that prey on men have only much more recently become the topmost of the top carnivores, apparently has no remotely sane evolutionary ecology yet developed ... but rather, apes with atomic bombs, to back up electronic frauds, or the monkey money, to make "money" out of nothing as debt, to "pay" for strip-mining the planet's natural resources as fast as possible, IS NOW A RUNAWAY SITUATION, WITH NO BRAKES, BECAUSE IT IS NOT POSSIBLE TO GET PEOPLE TO AGREE UPON DEVELOPING ANY BETTER HUMAN, INDUSTRIAL AND NATURAL ECOLOGIES.
The current systems are that the best organized gangs of criminals are controlling civilization, while the only competition for those international banksters' are some nations which have previously been forced to adapt and assimilate the same social and physical technologies, (e.g., Russia and China) ... while any other countries that can not compete get forced to participate in the banksters' systems, through all the typical methods of organized crime applied to them, such as bribery, intimidation, assassination, or finally having their country bombed to obliteration (e.g., Iraq and Libya).
There was nothing in previous human evolution for hundreds of thousands of years, and nothing in the previous development of civilization for tens of thousands of years, that really compares to what has happened since science and technology enabled the industrial revolutions. HOWEVER, THERE IS NOTHING REMOTELY LIKE SANE INDUSTRIAL ECOLOGIES AT THE PRESENT TIME, AND NO FEASIBLE WAYS TO DEVELOP ANYTHING LIKE THAT.
The established human civilizations are social pyramid systems, based on lies backed by violence. Those systems work by having a system where different cultural groups act like different species in other ecologies. The basic ways that human society today works are that there are small groups of people who specialize in being dishonest and violent, that control larger groups of people who are thereby kept ignorant and afraid. Those different groups compete with each other, like different organized crime gangs in conflict.
The Western World became the most globally dominant organized crime gang, which controls NATO countries, and could be referred to as primarily the Anglo-American (Zionist) Empire. They were able to kick the shit out of and control most of the rest of world, through their applications of the methods and principles of organized crime.
All over the world, there were ranges of ways that was done. Russia and China were interesting examples of some of the countries that had the shit kicked out of them the most, which adapted by being forced to assiimlate and adopt the same basic social and physical technologies. Clearly, the international banksters want to consolidate a global hegemony over the world's monetary system, and thereby control the whole world's natural resources. However, at present Russia appears to be a bit of an obstacle to that process, and a rather significant one, given that Russia is armed with an abundance of weapons of mass destruction.
Overall, the whole world is trapped in the vicious spirals of military imperatives, to be able to back up the monetary systems, and the claims to control natural resources. Nowhere in that vicious spiral is there anything that can actually change according to the larger, longer term, global consequences. The United Nations was really made by the banksters, and so, the UN is based on the biggest bullies' bullshit social stories, which promotes impossible ideals, that always backfires badly in the real world. Hence, the United Nations is dominated by immaculate hypocrites, while each individual country is controlled by the best professional liars able to operate to control that country. The whole world system is just different bullies, in dynamic equilibria with each other. There is apparently nothing that can be done outside of that system, because only those who are able to be quite dishonest and violent can actually hold their own against others who are able and willing to be dishonest and violent.
All combined, the industrial revolutions have pumped up social pyramid systems based on backing up lies with violence to astronomically amplified SIZES, which drove the development of political economy based on enforced frauds to strip-mine the world's natural resources as fast as possible, in ways which maximized the short-term benefits, while simultaneously maximizing the longer term costs, such as polluting the atmosphere, and turning the oceans into the world's collective sewer, etc. ...
Too bad, so sad, that there appears nothing politically practical which can be done about that runaway collective criminal insanity. Most of the people making "money" do not want to face the ways that money is backed by murder, and therefore, the more of that kind of "money" they make, the more collective murders they are causing. Especially almost nobody who is enjoying themselves indulging in that is able and willing to perceive the collective ways that all the overkill is killing the planet. MOREOVER, EVEN IF THEY DID, THEY ARE STILL PRACTICALLY STUCK IN THE DOUBLE-BIND PARADOXES THAT CIVILIZATION IS CONTROLLED BY ENFORCED FRAUDS.
That is why I concluded my comment above the way that I did. Every time that we learn about the confirmation of a new source of natural resources that could be strip-mined to oblivion, and consider the potential conflicts surrounding the development of those resources, we know with almost 100% certainty that will actually be done in ways which continue to be controlled by the best organized gangs of criminals, in ways which are therefore, overall, criminally insane.
THERE IS NOTHING PRACTICALLY POSSIBLE TO PREVENT THAT FROM HAPPENING. Therefore, every time we learn about such "good news," the bigger picture is that is really BAD NEWS: merely MOAR apes with atomic bombs, to back up their ability to burn as much oil as possible, as fast as possible, thereby making lots MOAR of their monkey money, inside of a criminally insane monetary system, that is based on the maximum possible evil deliberate ignorance towards the bigger picture, because those situations will continue to default down to being controlled by the people who are the best organized gangs of criminals.
Russia being able to stand up against the international banksters and NATO, etc., is not really good news, since nothing about that is really any better overall development of integrated human, industrial and natural ecologies. At the present time, the ways that almost all human beings understand everything is through the insane cultural attitudes developed since the Neolithic Revolutions, which have been kicked into hyperdrive by the Industrial Revolutions.
Pretty well nothing about the longer term consequences has any way to change any developments dominated by the shorter term imperatives of operating human systems as organized crime gangs, in conflict with each other, where those who can turn natural resources into garbage and pollution the fastest will "win" the conflicts with others doing similar things. The development of all our awesome science and technology has been channeled through social systems controlled by lies backed by violence, so that powers and capabilities which are orders of magnitude greater are developed in ways which are destroying the habitat of the planet in general.
Nothing about the global consequences of burning as much oil as possible as fast as possible has any effective way to change anything regarding doing that. Inside of the basic structure of the established social systems, any publicly promoted "solutions" to those problems tend to end up being promoted as MOAR of the biggest bullies' bullshit, because those systems ARE BASED ON THAT BULLSHIT! The fundamental structure of the social systems are the problem. The only genuine solutions would take better death controls to actually work, because those are necessarily the central feature to any better evolutionary ecologies which might develop. However, rather, the military machines which can continue to engage in the maximized power delivery, by being able to burn the most oil as fast as possible, are in competition with each other, WHILE COLLECTIVELY THEY COMMIT SUICIDE, VERGING ON OMNICIDE.
Meanwhile, even in Zero Hedge, it is clear that most people are still interested in making "money" on the basis of "success" within the established systems. Those who make the most "money" have actually engaged in the most destructive behavior, rather than actually productive behavior. However, those who are thereby able to benefit in the short-term from operating those systems of organized lies and robberies are not able and willing to see the bigger picture, AND EVEN IF THEY DID, THEY WOULD FACE THE PREDICAMENT THAT THERE WOULD BE SIGNIFICANT OTHERS THAT DELIBERATELY WOULD NOT!
That is why I wrote my comment above, after being provoked by that kind of story about the confirmation of Russia having access to more natural resources within its territory, and the paradoxical problems that would present, because the international banksters would use any evil means possible to try to steal that, if they could. Therefore, the Russians end up stuck inside the insane games that the human species are playing, the same as everyone else.
The basic dilemma is that the central core of all evolutionary ecologies (AFTER THERE IS LIFE) are the death controls, which direct how that life develops. Therefore, human and the emerging industrial ecologies are directed to develop by the death controls that are applicable inside of those systems. Human civilization has developed its human ecology to be controlled by murder systems operated through the maximum possible deceits, and industrial ecology has been directed to develop by monetary systems based on the maximum possible frauds.
That has happened to such an extreme degree that it is almost totally impossible to have any rational public debates about that situation. Russia is controlled by its own best professional liars and immaculate hypocrites, in conflict now with the best professional liars and immaculate hypocrites that dominate NATO countries. All together, virtually everyone totally operates inside of the biggest bullies' bullshit social stories, which are based on the maximum possible deceits and frauds, which overall enable civilization to continue to operate with the maximum possible attitudes of evil deliberate ignorance towards the global ecology as a whole.
Everyone appears to be making more "money" (made out of nothing as debts), when the Earth's natural resources are strip-mined even faster. Those who were the best at doing that the most are those who dominate the society in order to drive more of that. Nobody who recognizes that has any practical ways to prevent it from still happening. The industrial revolutions which enabled things like drilling for oil in the Arctic Sea, have enabled runaway collective CRIMINAL INSANITY. However, since the most criminally insane people dominate civilization, and only people who are similarly criminally insane can actually compete with them, at the present time, there is NO genuine "good news" regarding the confirmation of the discovery of more natural resources to continue to strip-mine.
Civilization has already high-graded itself to hell. At the present time, there is barely the slightest sign that anything will change, other than the runaway criminal insanity of burning all the oil available, as fast as possible, will be the dominate theme, since those military machines that specialized in doing that the most of all will be what determines what actually happens in the foreseeable future. All combined, the discovery of more natural resources only feeds the fires of the conflagrations of an already out of control, criminally insane civilization.
As the multi-millennial culture of the Native American was wiped out by America's Manifest Destiny, is it not possible that the earth itself has a Global Manifest Destiny. One which refutes your admirable intentions?
If you believe in a Higher Power (my emphasis), then what we are seeing is the Plan.
If you don't so believe, then you have hitched your wagon to Chaos, and should expect no more than this.
And if you don't believe in Manifest Destiny, then you are odd man out for that belief is sine qua non for a job in Washington.
I believe that believing backfires.
Yes, but only if you believe too much.
Belief is like a buffet. Only you can decide how much belief to put on your plate.
If you load your plate from the belief table, you'll end up with an upset tummy.
Agreed!.... except, despite of all this obvious gloom and doom, I remain very hopeful. The Anglo-Zionist empire is an ant with a shadow of a giant dinosaur. Sooner or later, people will see that it is not as big and strong as it appears to be, and not only can be crashed - but absolutely WILL BE CRASHED. I 'm certain of this. I also know for a fact that 98% of scientism is just another form of religion that was co-opted by the empire to perpetuate human ignorance. Saying that, I'm sure that the remaining 2% of true scientists is all that is needed to make the necessary changes in order to save humanity from the mindless non entities that are currently controlling it. Moreover, I have no doubt that some artists are already pointing a way out of this bedlam, ( and have been doing so for a very long time) we just need to decipher this energy and let it bloom and do its work...The hard thing here, is to stay patient and this is precisely where Russia and China might teach us some valuable lessons.
Well, Circle of DNA, you may enjoy this recent interview with Dr. Gerald H. Pollack, that I just listened to:
https://www.youtube.com/watch?v=Jd2tPtqSyNY&list=UUTiL1q9YbrVam5nP2xzFTWQ
The Great Secret of WaterNot only does that discuss the ideas about STRUCTURED WATER, but also how that issue reflects so many other facets of how scientific revolutions may be possible, although greatly resisted by the established systems.
You express yourself so well. Is it the marijuana?
Not so much the case anymore, these days.
Although I used to say, one should alternate:
Either write when high, then proofread when not, or vice versa.
So much oil, so much possibility for self replicating CHO compounds. When intelligence visits this planet its going to make short shrift of the hairless chimpanzees.
And the .gov morons are telling us the Russians are the enemy. Complete idiots.
"Until Russia accepts the domination of the Red Shield Clan, they will not be allowed to join the Family of Nations. I will continue to use my phone and pen to bring Russia into the Flock."
This is going to go a long way in helping Vlad with his quest to reconstitute the Soviet Union's glory days - complete with gulags, repression and state-controlled media.
Happy days are here again!
better worry about your own country
"This is going to go a long way in helping Backdoor Barry with his quest to reconstitute the Soviet Union's glory days - complete with gulags, repression and state-controlled media.
Happy days are here again!"
Are you a conspiracy nut, Bob? :-)
Sorry, but that dog don't hunt.
Author shit his pants in such a joy for Putin regime. He forgot that Russia alone cant extract that oil without west tehnologies.
hEY, HOW MANY JEWS DID SHOOT YOUR GRANDFATHER?
the western technology, you mean the BRICS deep sea technology, developed by Brazil, which was stolen? then fine.
This is an incredibly long game, we are talking a few thousand years when the money traders where kicked out of the temples and cursed, they are that greedy they didnt want to share the wealth so they heavily inbred, genetics is passed down including illness, but the connection to mental illness is still being drawn, and its LOL that these money traders suffer the most on concentrated levels :)
The China experiment was far far too successful, now the big wealth transfer has begun, first comes the jobs, then comes the energy then comes the wealth.
Its almost like a spiritual awakening is happening worldwide, the puppets of the puppet masters no longer get results, all thats left for them is to step out behind the curtain.. Problem is they have no real friends in this world.
They "declared war against God and his people, and that is a very very big enemy indeed".
The Saker, just published a mind blowing, absolutely fantastic analysis of the Russian politics and how to interpret them.
The Russian response to a double declaration of war
Thanks for that link, Circle of DNA. That was an excellent article presenting pretty well all of the similar conclusions that I had also come to.
Awesome post. Thanks for the link. Very insightful...
Obama doesn't give a shit as long as it doesn't interfere with his golf game.
He can't take a shit with Reggie's dick up his ass.
... Oil should be limit down when "the Markets" open.... here in the USSallYourOilAreOurs.
I smell an Obama waiver coming.
So, Backdoor Barry has shoved one up Exxon's ass.
Hmmmm.
"You lose this one, JR."
"Yeah? We'll, see, Cliff."
pretty much... with Obama's help, now Putin's saying "thanks for the free platform Exxon, we'll take over from here"
how did our oil get under their land? too funny...how do you say Fuck You in Russian?
...... So they loaded up the truck and moved to Beverly, Bitchez, black gold, Kara Sea Tea.
How's this?
http://www.youtube.com/watch?v=tGg42tXHqxc
Bingo!
SDRL has been > 20% of my portfolio for quite a while now way before the stupid sanction.
Will buy back thsoe calls I sold the day before. May be too late , hope not. Will buy some NADL calls too.
Any idea on the cost per barrel for this field?
Around $50 .
The cost will be free and so will the chicks, this is a game changer. Soon the Russian Central Banks will anounce QE too, print money - sell oil.
Welcome new Soviets and admirers of the state-controlled USSR media!
Welcome!
"We are grateful to The Washington Post, The New York Times, Time Magazine and other great publications whose directors have attended our meetings and respected their promises of discretion for almost forty years. It would have been impossible for us to develop our plan for the world if we had been subject to the bright lights of publicity during those years. But, the work is now much more sophisticated and prepared to march towards a world government. The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national autodetermination practiced in past centuries."
David Rockefeller, founder of the Trilateral Commission, in an address to a meeting of The Trilateral Commission, in June, 1991.
Welcome future citizens of the new USSR! Always remember that, from each according to his ability and to each, according to his need.
Now then, certain of you may receive a knock at the door (likely at night, so don't be too alarmed) and one or another of your family may be carted off, but always remember that it's for an important reason. No sacrifice is too great for the society we will create!
Additionally, the state will take control of what news makes its way to your eyes and ears, but rest assured we have only your best interests at heart.
Onward, upward, higher, comrades! You have our undying gratitude for working against and sowing discord in the United States, such as you are able.
In the meantime, please stay tuned to Zero Hedge for further instructions from your Dear Leader.
May be larger than the Gulf of Mexico
May not be.
Count down to war in 5 4 3
With a really long straw you could pump that oil from Alaska.
Obama will do anything he can to prevent oil from being used in the USA. He hates America and Americans who are not on his side.
A quick read, and a nice summary of current events.
http://peakoil.com/publicpolicy/will-russia-and-china-hold-their-fire-un...
good article thanks
More BS Problem-Reaction-Solution.Russia-England-USSA{Its all red white and fuckin blue}credit to wifey on that one! One team one dream.
Dear friends,Today, thanks to the fantastic work of the Saker Community [English Transcription & Translation: Marina (Russian Saker), Katya (Oceania Saker) & CG (Russian Saker) Editing & Production: Augmented Ether (Oceania Saker)] I can share with you a most interesting interview of Dmitri Rogozin, Deputy Prime Minister of Russia, Head of the Military-Industrial Commission, Special Envoy of the President and one of the most interesting and influential representatives of the "Eurasian Sovereignists" and the man who, one day, could succeed Vladimir Putin. Rogozin is absolutely hated by the Atlantic Sovereignists and by the AngloZionist Empire.
This interview is important because it shows what Russia is really doing while keeping up the pretense of "partnership" with the AngloZionist Empire: preparing for war while hoping that it can be avoided. In this interview, Rogozin speaks to a domestic audience in one of the most popular shows on Russian TV. Thanks to the Saker Community you will now see the Russia which the MSM never shows you and the one which frightens the Empire so much.
Enjoy!!
The Saker http://vineyardsaker.blogspot.com/2014/09/dmitri-rogozin-interviewed-by-...
I'm happy with this discovery.
Do not worry about technology and embargoes.
Brazil, Petrobras is a leader in deepwater exploration, we extract oil at 5,000 meters deep.
BRICS has some amazing things.
hehe.
You nailed it.
I've been a petroleum geologist for more than 30 years for Big Oil, focused mainly on global deepwater exploration. Despite all of the western "you can't live without us" chest thumping, the bottom line is that since the 80's, Brazil's Petrobras has held many of the deepwater drilling and production records for the global oil industry. Hell, even many of the geological models that the industry uses for deepwater exploration were developed by Petrobras geoscientists.
Petrobras's recent work in the Santos and Campos basin's deepwater pre-salt microbial carbonate play is truly groundbreaking. Petrobras even installed the first FPSO deepwater development in the Gulf of Mexico a few years ago, beating the western Supermajors to the punch in their own backyard.
The reality is that the western Supermajors (XOM, RDS, BP, Total, etc.) have learned much of what they know about deepwater exploration, drilling, and production from Petrobras' pioneering work. But of course you will never hear the non-technical front men for these companies publically admit this in their efforts to impress their shareholders with their technical prowess.
The bottom line is that Russia would do just fine without the western Supermajors in their oil business, especially if Petrobras steps in to help. Hell, for that matter, the former USSR was neck and neck with Saudi Arabia and the USA for the world's leading producer of oil for several decades prior to its collapse in 1991.
good post
i am formulating a Sarah Palin joke... i almost have it...