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Oil Kaleidoscope (22)

Russia passed the peak of oil production

Leonid Fedun, vice president of Lukoil, acknowledged that Russia was peak oil and will never produce more than 10 million barrels of oil per day (500 million tons per year). The biggest suppliers have reduced mining and industry needs billions of dollars in investments. According to Fedun, Russia can resist at the level of 8 million barrels a day, if there will be an investment. The amount of investment which he called the newspaper Financial Times - 1 trillion dollars.

Let us reflect on the facts. It is well recognized that the peak in oil production in Russia. Unfortunately it is not recognized as a fact of predatory oil production in Russia, but it is very important. From him envy the speed decline.
December 13, 2010 held Security Council Russia on oil production. He acknowledged that the stash is not a single major field. If it were, the new oil would appear through 10 years needed to master. For simplicity, let us imagine that such an oil field there and it will go into operation after 10 years.
10 years remaining until entering this field, oil production in Russia will be in free fall. What is the speed of this fall? At least 10 percent a year - where oil is extracted hosts. A minimum of 25 percent a year where mined "predators" who think only about their own pockets. And as you can guess, "predators" is much more. If we accept a figure 20 percent a year or 2 million barrels of oil per day (100 million tons per year) for annual losses - Russia does not make it to the 2020go - when in operation should enter a mythical giant, able to replace all current oil production field.
That means one thing - in the near future Russia will cease to export oil and wants to import it. But here's the question - where to get their own money on oil imports and import it from itself?
Once on the world markets will realize that the oil in Russia is over - the price of oil will soar to say $ 500 per barrel. Even to import skoromnye 3 million barrels per day (150 million tons per year) Russia will need to spend $ 500 billion a year. Where can I get such money??
If it was mine capable of providing three million barrels a day, still it is necessary to invest $ 1 trillion. Compared with the purchase of oil - not so much. But the field not and will not be as "effective managers" dispersed exploration .
Announced interesting fact - oil production in Russia compared to with last year fell by a half percent! It is after thousands of wells drilled in existing fields to offset the production decline on individual wells, on which it falls to 25% per year!
As soon as the oil companies will become profitable to drill these additional wells - Russia will face 25-30 percent decline in oil production per year.

Russia has completed the "easy" oil

I have wrote about cheating the Government Russia (timeservers) peoples of Russia - almost all "found" oil reserves are in Russia - fake.
And here is another article on this topic. Two of the oil that easy to extract, extracted at an accelerated pace and in record stores, the fact that, in principle, will never get - a low EROI.
situation is so hopeless, even begun to cut their investments in finding new fields and in their development - a hopeless occupation ....
That is ahead of Russia will face a future without oil, heat, electricity, gasoline, diesel and of course without food.

leadership of Russia withdrawing its money to the West

What makes the current Russia's leadership in the light of the above problems? Sales remnants of the "easy" oil left in Russia, BP!
I have compared profit companies developing the Kashagan and BP. In the Kashagan oil companies have invested with 2000go 138 billion dollars and return the money until 2021go years - 21 years without a profit some costs.
opposite the BP has invested in Russia 5 billion pounds in the 2003m and 2010mu got 50 billion pounds ($ 80 billion) profit!
Does anyone may believe that the 50 billion pounds have been earned? Of course not - just BP helps to remove from Russia to the UK money of Russian leaders - Essentially engaged in money laundering on a gigantic scale.
And in that moment when it became clear that oil in Russia ends, BP give for 20 billion pounds ($ 30 billion) remains the "easy" oil in Russia. Thus, investing in the 2003m with 5 billion pounds in Russia, BP receive and 30 billion pounds of profit and become sole owner of the oil wealth of Russia! What a profitable business, it is impossible to believe that such a business crank without the participation of leaders of Russia.