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Old 04-19-2017, 01:00 PM
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CarlV CarlV is offline
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America is Not in the Game

Interesting article in Newsweek and most of the world. They had a related blip on CBS but this could be real big. Unless Trump actually is the Russian agent he acts like is trying to cover up? Obama did nothing because of environmental reasons but that is over with now.
Quote:
In October 2014, the Yamal, a Russian nuclear icebreaker with enormous shark teeth painted on its bow, rammed through the thick ice at the North Pole as a research vessel followed behind it, firing its seismic guns. Its multiyear mission: find oil and natural gas and help claim the Arctic sea bottom in Moscow’s name. In January, as Russian scientists were finalizing the test results, one of the mission’s leaders was elated as he stood before a rapt audience in Tromsø, a stunningly beautiful Arctic city in Norway. “We assure you, there is oil there,” said Gennady Ivanov of Russia’s Marine Arctic Geological Expedition. “And the oil is recoverable,” he noted later, in response to a question.

U.S. and European oil companies have long fantasized about tapping the Arctic’s abundant reserves; the U.S. Geological Survey estimates they make up to 13 percent of the world’s undiscovered oil and 30 percent of its natural gas. Now, as rising temperatures cause more ice to melt, which is clearing Arctic seas, the trillion-dollar race to own the region’s riches is on. In 2012, Russia tried to claim 460,000 square miles of Arctic ocean floor—an area the size of France and Spain—as national territory. Moscow did so as part of a treaty called the United Nations Convention on the Law of the Sea, which allows countries to expand the undersea area where they own mineral rights beyond the currently recognized 200-mile limit. The catch? Russia must prove to a committee of international scientists based at the United Nations that the area is an extension of its continental shelf.

The committee initially rejected Moscow’s claim, sending Russian scientists back to the High North to search for more evidence. Ivanov now insists the proof exists. If he’s right, it will help Russian President Vladimir Putin achieve two of his primary Arctic goals: to boost his country’s massive oil and natural gas reserves and to encourage commercial shipping through an Arctic shortcut between European and Asian ports.

Try Newsweek for only $1.25 per week

Even as Moscow waits for the science committee’s decision about the North Pole, its Arctic energy push is yielding results. Russian land-based oil and natural gas production in the Arctic is peaking year after year. In January, Russia’s state-controlled Gazprom Neft company announced that four oil wells are up and running at the Prirazlomnoye fields in the Arctic Pechora Sea, and the company plans to put 28 more online. Meanwhile, a new, $27 billion liquid natural gas plant, based in the Arctic and jointly funded by Russian, Chinese and French energy companies, is moving gas south to Europe through a new 786-mile-long pipeline.
Competing for Resources

Once considered too remote and dangerous for commerce, the Arctic is about to get a lot more crowded. Norway is expanding its search for oil in the region and recently offered a new round of oil leases in the Barents Sea, farther north than ever before. Despite the challenges of High North drilling, an official from the Norwegian oil and gas association told Newsweek the break-even cost will be $45 a barrel. So even if global oil prices remain low, Norway’s newest Arctic operation will quickly become profitable.
Link

Maybe it is just me who hasn't heard of this. It could be huuuuuuuge LOL.
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Old 04-19-2017, 02:38 PM
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mpholland mpholland is offline
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Well I suppose Russia could flood the market with oil and keep gas prices down for us.
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Old 04-19-2017, 05:02 PM
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Notes:

We are not signatory to the Law Of The Sea Convention.

We have FRACKING and every day the fracking boys improve their tech and slim line their business.
The present price of gas is now "liveable" for them.
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Old 04-19-2017, 07:04 PM
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Obama pushed for more US icebreakers.

However: $1 billion per icebreaker.

http://www.newsweek.com/obama-pushes...-arctic-367527
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Old 04-19-2017, 08:50 PM
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Quote:
Originally Posted by Dondilion View Post
Obama pushed for more US icebreakers.

However: $1 billion per icebreaker.

http://www.newsweek.com/obama-pushes...-arctic-367527
That would have created hundreds of excellent paying jobs which is not acceptable to the party of no, having their black POTUS not be successful is job number one and anything else is secondary.


Carl
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Old 04-19-2017, 09:00 PM
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Quote:
Originally Posted by mpholland View Post
Well I suppose Russia could flood the market with oil and keep gas prices down for us.
I kinda remember how Pootin let Ukranians freeze in the winter for political gain.
http://www.reuters.com/article/us-ru...50A1A720090112

It sure wouldn't stop Pootin from putting the screws to us either. Especially once Agent Orange gets exposed and removed from office.

Birther bastard can't show his private info, wonder why?
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Old 04-20-2017, 06:59 PM
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This thing is growing legs it seems.
Quote:
Why ExxonMobil would want to get back into Russia
Ivana Kottasova, Julia Horowitz and Matt Egan

Exxon has asked the U.S. Treasury Department for permission to bypass sanctions on Russia, as The Wall Street Journal first reported. A senior administration official told CNN that the request "has been in the works for some time," since before the election.

A waiver would allow Exxon to resume its joint venture with Russian oil giant Rosneft.

Exxon said it does not comment on "ongoing issues."

But there are powerful reasons why Houston-based Exxon would want to get back into business with the state-backed firm: Their agreement to form a joint venture, signed in 2011, allowed Exxon to conduct offshore exploration in the Black Sea and the Kara Sea in Siberia.

The undeveloped oil fields are thought to be the most promising in the Russian Arctic, according to S&P Global Platts.

In 2012, the two firms agreed to jointly develop more oil reserves in Siberia and establish a research center in the Arctic.

Plans to build a large natural gas plant near Vladivostock in eastern Russia followed in 2013.

The deepening relationship was put on hold, however, after the U.S., European Union and other Western countries imposed sanctions on Russia in 2014 over its role in the crisis in Ukraine.

Exxon, which has been operating in Russia for more than 20 years, was allowed to finish some of its projects. But then the drilling stopped.

A lot has changed since then. The Russian economy has turned the corner, emerging from a painful recession in the final quarter of 2016.

Oil prices have climbed back above $50 per barrel.

Related: Russia could soon control a U.S. oil company

Still, the waiver request is a major political gambit for Exxon.

The Trump administration is under intense scrutiny over its ties to Moscow. The fact that the current secretary of state, Rex Tillerson, spearheaded the Rosneft deal while CEO of Exxon, has drawn even more attention to the waiver request.

Tillerson has recused himself from all government matters involving Exxon. He also sold all his stock in the firm, and is placing the shares he would have received over the next decade into an independently managed trust.

But a political storm appears to be brewing.

Sen. John McCain, a Republican, asked "Are they crazy?" when news of the waiver application broke. McCain is a leading critic of Russian President Vladimir Putin.

Rep. Adam Schiff, the top Democrat on the House Intel Committee, said that the waiver should be denied.
http://money.cnn.com/2017/04/20/inve...eft-sanctions/
Boy it is starting to smell with the election tampering that the dumbasses in this country fell for, maybe for lifting sanctions on Russia?, this oil thing now that Exxon is in the White House?

Carl
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Old 04-20-2017, 07:23 PM
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Dondilion Dondilion is offline
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Quote:
Originally Posted by CarlV View Post
This thing is growing legs it seems.


Boy it is starting to smell with the election tampering that the dumbasses in this country fell for, maybe for lifting sanctions on Russia?, this oil thing now that Exxon is in the White House?

Carl
Russia needs Exxon technology for drilling in extreme areas, however with time it could bring itself up to speed.

Exxon and the Bush/Texan clique see themselves losing possibly billions due to sanctions which they believe the Russians will eventually accommodate.
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Old 04-30-2017, 10:11 AM
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Interesting movie:
ICEBREAKER.
It gives a sense of the very challenging conditions.

https://www.youtube.com/watch?v=cM69ATlRG_k
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Old 04-30-2017, 01:08 PM
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The weather conditions in the Arctic can be so severe that I can guarantee there will be oil spills. And now the Orange Menace wants us to drill in the Arctic and along the East coast.

Guess all that money spent on the Chesapeake and recovering crabbing and oystering is out the window.
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