Russia Discovers Massive Arctic Oil Field Which May Be Larger Than Gulf Of Mexico

Within 10 years we will be at war with Russia over this.

Maybe they will leave Ukraine alone now.;-)

Pbylina, what a pile of bs. Let Donbass have its own referendum without any interference. A la Scotland.

They should use the money the pay the MH 17 relatives, but they are to co award to admit it.

not much news from Ukraine recently, wonder why? winter is coming or what? or propaganda machine looking elsewhere for news?

Ukraine backs off from EU-backed Russia gas deal

Read more: http://www.businessinsider.com/afp-ukraine-backs-off-from-eu-backed-russia-gas-deal-2014-9#ixzz3EY2sQEzg

Don't worry... The environment/climate will take revenge before that happens...

Wana suicide? Kill each other & rest of the world will watch this game. lol

This will make crude price to fall, and I guess it will be a fall for the $USD too.
So Buy EUR/USD.

Being the US the principal Buyers... I'm not so sure if we should Short on Oil. It'll cheap for Russia, but not for the rest of the world since Middle East Oil prices are fixed on how many wars you can drop there.

We'll see.

Sorry, Putin but people won't need to depend on oil in 30-50 years.

nice, crude is very expensive now, should go to $50 at least in the next years.

My thoughts are that the price of any natural resource , crops,etc will only rise over long period of time. Temporarily or for short period of time we may see fall in prices however in the long run prices will just sky rocket.

Example : Can anyone expect the price of crude to go below $40 per barrel or price of gold to go below $300 an ounce?

I guess very experienced and professional traders know that theoretically it may be possible as in trading anything is possible , however no trader will base their trades on this .

Yes, I do expect that...

Guys, it's fine. No one will not declare war, and Ukraine is not Russia occupies. Why does everyone think that Russia invaded Ukraine? It is not! PharmOr writes that "Within 10 years we will be at war with Russia over this." This suggests that the United States does not like it that Russia has decided to get rid of the influence. And now think of who started the war in Ukraine

Putin 1 Obama 0

all the sactions are now useless and only are hitting european coutries. Russia has got a good contract with China and lots of new Oil. Once again USA took advatage of Europe

with usa economy coming off qe and europe just about to start ?

so Russia 1 USA 0 and USD goes down

Nothing to be sorry. Many things has to change to avoid use of oil...

So Go Russia Go...

Ads by IEA... What a Great Poli-Media-Show-Business-Show or Documentary .... At the right moment broadcasted. When it was recorded?

Cunning strategy to lift Ruble and their relevance in energy sector

oil industry is protected by vested interests. big oil companies were buying out patents for alternatives to gasoline decades back. petrol has been made from coal using Fisher-Tropsch technology for decades. cars were running on ethanol produced from sugar beet, sugarcane, even corn, many years back. electricity utilities are being protected from solar energy by punitive taxes on solar users. These are verifiable facts.

You may say what you will, but usa peaple are prospering and happy, while russia folks are getting screwed by putin.

solar panel and battery cell is not solution to replace oil. not last longer, and drain fast. for sure military, industrial, and some special purpose machine gonna still depend to oil. because electric motor depend to charging port, or depend to sun. this type machine also not powerful, if so powerful gonna super fast draining battery.

another solution, is use nuclear battery/atomic battery. last longer, and not drain fast. some product already released to public, i read few years ago some flashlight with nuke battery, but, it's still limited to some product, to go next stage and replacing oil gonna take time. it also gonna so expensive, and biggest problem is security issue, because having nuclear battery at our home or inside pocket, maybe little bit annoying for brain..
if leak or explode, we will the end.

outside that.. don't believe to much about this world gonna run out oil next few decade. still enough until few century, some country thinking like that because they need to buy oil from others country, and oil country selling with high price.
so they finding alternative way to live without oil.

Pravda?
Question
Jeremiah asked:
How can coal be converted to petrol?
Answer
Dermot - Well the South Africans have been doing this for a very long time because of the years of sanctions.
http://www.thenakedscientists.com/HTML/questions/question/3093/

SA, Russia agree to $50-billion nuclear deal
http://mg.co.za/article/2014-09-23-sa-russia-agree-to-50-billion-nuclear-deal

how many corn to make F-22 fly ?
i think alot,,,
many ton corn used to make 1-2 liter petrol, versus buying 1 barel oil, i think 2nd option more cheap, and efficient.

bio energy is re-newable but not efficient, because we need waiting. so if 1 hectar corn can make 10 liter petrol (for example) and corn need 60 day (if not wrong) to harvest, then to get recontinued production of 10 liter bio petrol we need 60 hectar
just small city used many thousand liter petrol per day, and how bio petrol can covering 1 country need ?

artic is getting ready to lock up with ice, if oil goes down the dollar will rise because of a negative correlation, dont buy eur it is in a down trend, and this is russian news, is that creditable or not, remember russia tells everyone what they think they need to hear.

The Russians have been doing something smart for a while, as usual. Those CEOs who try or are forced to be politically correct in face of falsehood do not get to reach new frontiers - the Russians acted on the truth - renewable and if you dig deeper you can find it. Russians are .... a deep people.

[source after EXCERPT] "... Russians referred to this oil (any oil, really) as “abiotic oil” because it is not created from the decomposition of biological life forms, but rather from the chemical process continually occurring inside the earth.

I know, easy for Porfir’yev to say. But it turns out it was more than just a theory.

Because shortly after the Russians discovered this, they started drilling ultra-deep wells and finding oil at 30,000 and 40,000 feet below the earth’s surface. These are staggering depths, and far below the depth at which organic matter can be found, which is 18,000 feet.

Interesting, eh?

The Russians applied their theory of abiotic deep-drilling technology to the Dnieper-Donets Basin, an area understood for the previous half a century to be barren of oil. Of sixty wells drilled there using abiotic technology, thirty-seven became commercially productive—a 62 percent success rate compared with the roughly 10 percent success rate of a U.S. wildcat driller. The oil found in the basin rivaled Alaska’s North Slope.

Let’s say they had a good hair day.

But it doesn’t stop there, not by a long shot. Since their earlier discoveries, the major Russian oil companies have quietly drilled more than 310 ultra-deep wells and put them into production.

Result? Russia recently overtook Saudi Arabia as the planet’s largest oil producer.

Maybe they are onto something."

http://anticorruptionsociety.com/anatomy-of-a-con-job/con-2-oil-is-not-a-fossil-fuel-it-is-renewable/

Greenstar maybe you are talking about the same guys who dig a hole so deep that recorded sounds and voices from hell???

Hey horse master, how do you know this?

Thanks for the picture ... . I was eating up until that point ... .

lots questions beyond "May be".

However, once again, useless news from ZH, because without foreign investments this oil field will newer be in a production phase!

I bet the CIA will now be looking to arm Greenpeace and Inuits to try and foment an "Arctic Revolution".

poor o' khruschev should have been alive to celebrate

i bet 1 cent US still prefer shooting arabic country than shooting russia for oil bad idea to do that..

anyway CIA strategy not working, outdated..
iraq, afghanistan, syriah, ukraine.. not working as per plan, only egypt revolution working,, they need change strategy

A lot of lefties, even in a traders page...

Result? Russia recently overtook Saudi Arabia as the planet’s largest oil producer.

Maybe they are onto something."

http://anticorruptionsociety.com/ana...-is-renewable/[/quote]

Thanks for the link Greenstar. I'm gobsmacked.

grin. Yes, they are theoretically capable, but their best brains already fled or in process of fleeing. Education in a outhouse. Their economic structure does not promote R&D, and level of corruption prevents any efficient management of resources or work process.

P.S. and a reason I'm saying this, because I had a dubious pleasure of working in Russia for Oil and Gas industry for the last 9 years

if it was a dubious pleasure, what kept you so long there (and is still keeping you there?)?

Money

A lot of nonsense useless political crap here