Economy 52,858 Posted July 21, 2016 Share Posted July 21, 2016 http://oilprice.com/Energy/Energy-General/Is-A-Permanent-Decline-Coming-For-Russia.html Despite increased investments in drilling, more power to maximize output from their largest fields, Russia is struggling just to maintain their current output of about 10.7 Million Barrels a day flat Russia has had little success finding new fields to replace their old ones many which have been in operation for decades and are requiring ever increasing effort to continue pumping elevated levels At 60 Billion barrels of reserves Russia produces the most oil in the world in relation to its reserves, and within 20 years may produce only half what it does now. If Russia is hope to maintain production high they will have to either heavily explore near the arctic circle, or drill to see if its large shale doposit in Siberia is extractible. Both would be expensive given they are in regions with no infrastructure. Link to post Share on other sites More sharing options...
BULATIO 1,635 Posted July 21, 2016 Share Posted July 21, 2016 Just now, Economy said: http://oilprice.com/Energy/Energy-General/Is-A-Permanent-Decline-Coming-For-Russia.html Despite increased investments in drilling, more power to maximize output from their largest fields, Russia is struggling just to maintain their current output of about 10.7 Million Barrels a day flat Russia has had little success finding new fields to replace their old ones many which have been in operation for decades and are requiring ever increasing effort to continue pumping elevated levels At 60 Billion barrels of reserves Russia produces the most oil in the world in relation to its reserves, and within 20 years may produce only half what it does now. If Russia is hope to maintain production high they will have to either heavily explore near the arctic circle, or drill to see if its large shale doposit in Siberia is extractible. Both would be expensive given they are in regions with no infrastructure. this! fighting buryat Link to post Share on other sites More sharing options...
KURUSHITOVSKA 20,451 Posted July 21, 2016 Share Posted July 21, 2016 Good, that will make them reduce their "hermeticness" ¿Qué currículum tiene ésta tarántula? Link to post Share on other sites More sharing options...
Economy 52,858 Posted July 21, 2016 Author Share Posted July 21, 2016 38 minutes ago, KURUSHITOVSKA said: Good, that will make them reduce their "hermeticness" They a lost cause Link to post Share on other sites More sharing options...
Luc 4,776 Posted July 21, 2016 Share Posted July 21, 2016 Don't know if it's good or bad.. bad economy will make people give the government less credit, but on the other hand it will lead to the government having to find other ways to be popular like nationalism (invading countries like with Crimea or starting a war like Bush with Iraq). Also, the more they want to drill up north, the more the territorial issues will become a problem. Potentially not good at all. Link to post Share on other sites More sharing options...
Economy 52,858 Posted July 22, 2016 Author Share Posted July 22, 2016 1 hour ago, Luc said: Don't know if it's good or bad.. bad economy will make people give the government less credit, but on the other hand it will lead to the government having to find other ways to be popular like nationalism (invading countries like with Crimea or starting a war like Bush with Iraq). Also, the more they want to drill up north, the more the territorial issues will become a problem. Potentially not good at all. They better not touch the actual north pole. Thats still in dispute who should own it and my Country has a pending claim on it (along with 4 other countries) Link to post Share on other sites More sharing options...
Luc 4,776 Posted July 22, 2016 Share Posted July 22, 2016 7 hours ago, Economy said: They better not touch the actual north pole. Thats still in dispute who should own it and my Country has a pending claim on it (along with 4 other countries) If they need more money and nationalism to convince yhe public to vote for them, they will do what it takes. It would bring economic and political henefits for the government. Link to post Share on other sites More sharing options...
Economy 52,858 Posted July 22, 2016 Author Share Posted July 22, 2016 3 hours ago, Luc said: If they need more money and nationalism to convince yhe public to vote for them, they will do what it takes. It would bring economic and political henefits for the government. And and maybe more sanctions they can go within artic circle thats within their borders but the North Pole is still in dispute and Canada Northern tip is actually closer to the north pole than Russia so they can suck it Canada is second closest. Greenland actually has the closest land to the north pole Link to post Share on other sites More sharing options...
Luc 4,776 Posted July 22, 2016 Share Posted July 22, 2016 51 minutes ago, Economy said: And and maybe more sanctions they can go within artic circle thats within their borders but the North Pole is still in dispute and Canada Northern tip is actually closer to the north pole than Russia so they can suck it Canada is second closest. Greenland actually has the closest land to the north pole It's not about being the closest however you need some kind of sea ridge connected to the country claiming it as far as I know. Anyways, I actually hope Norway gets it and does nothing with it. Link to post Share on other sites More sharing options...
Economy 52,858 Posted July 22, 2016 Author Share Posted July 22, 2016 3 minutes ago, Luc said: It's not about being the closest however you need some kind of sea ridge connected to the country claiming it as far as I know. Anyways, I actually hope Norway gets it and does nothing with it. Yeah i know. They need scientific proof that their land is connected to it... So I question why the US is running a bid for it... Alaska is all the way to west and much further south than Canada... If North America by any chance is the most connected, i doubt the connection is gonna be from alaska On a related note, I want Russia to peak on oil production... If we can finally build pipelines, we still have the potential to tripple our current production which is stuck at 4.6 Million barrels a day Link to post Share on other sites More sharing options...
Luc 4,776 Posted July 22, 2016 Share Posted July 22, 2016 41 minutes ago, Economy said: Yeah i know. They need scientific proof that their land is connected to it... So I question why the US is running a bid for it... Alaska is all the way to west and much further south than Canada... If North America by any chance is the most connected, i doubt the connection is gonna be from alaska On a related note, I want Russia to peak on oil production... If we can finally build pipelines, we still have the potential to tripple our current production which is stuck at 4.6 Million barrels a day The US haven't even signed the UN international waters treaty... they have absolutely no right imo to try to claim the North Pole. I think in order to remain a stable Russia a stable economy and with that a stable oil production is necessary, so I would not prefer a peak in their oil production. Link to post Share on other sites More sharing options...
Economy 52,858 Posted July 22, 2016 Author Share Posted July 22, 2016 10 minutes ago, Luc said: The US haven't even signed the UN international waters treaty... they have absolutely no right imo to try to claim the North Pole. I think in order to remain a stable Russia a stable economy and with that a stable oil production is necessary, so I would not prefer a peak in their oil production. I think the rest of the world can make up any decline from Russia actually most Nations in the world have peaked. Its just that the biggest producers still havent Canada and Venezuela besides huge reserves, with new technologies under development, more than likely within next 5-10 years our reserves will nearly double.,, the only downside is, oil sands have ling cycles and its slow to respond to changes in demand The US and Saudi Arabia can certainly increase production short term if prices rises... Canada and Venezuela can longer term since world demand growth will not be exploding like in the past due to rising efficiencies and the rise of green energies, im sure we can handle any decline in Russia Link to post Share on other sites More sharing options...
IWasBornThisWay 77 Posted July 22, 2016 Share Posted July 22, 2016 You all can have a seat rn! Stop hating on the good sis Russia Link to post Share on other sites More sharing options...
Luc 4,776 Posted July 22, 2016 Share Posted July 22, 2016 22 minutes ago, Economy said: I think the rest of the world can make up any decline from Russia actually most Nations in the world have peaked. Its just that the biggest producers still havent Canada and Venezuela besides huge reserves, with new technologies under development, more than likely within next 5-10 years our reserves will nearly double.,, the only downside is, oil sands have ling cycles and its slow to respond to changes in demand The US and Saudi Arabia can certainly increase production short term if prices rises... Canada and Venezuela can longer term since world demand growth will not be exploding like in the past due to rising efficiencies and the rise of green energies, im sure we can handle any decline in Russia We can handle it, but Russia can't. That's my point. Link to post Share on other sites More sharing options...
Economy 52,858 Posted July 22, 2016 Author Share Posted July 22, 2016 4 hours ago, Luc said: We can handle it, but Russia can't. That's my point. Oh oh ok yeah i agree On the bright side it may finally force them to innovate and stop relying on natural gas and oil for 50% to 55% of their exports Link to post Share on other sites More sharing options...
.thumb.jpg.99c40bc2a10ded8236a48b4fe15c6be8.jpg)
Featured Posts
Archived
This topic is now archived and is closed to further replies.