tag:blogger.com,1999:blog-1575603731696062553.post4662639793488057083..comments2024-03-27T16:08:30.313-05:00Comments on The Great Change: The Ukrainian IcebergAlbert Bateshttp://www.blogger.com/profile/17627996921976501534noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1575603731696062553.post-51377049571567021552014-03-04T16:04:21.933-06:002014-03-04T16:04:21.933-06:00I agree with Eddie Tennison that Putin has all the...I agree with Eddie Tennison that Putin has all the cards and every one else should dust off their Sun Tzu. This is why the #Ukraine is not about #fracking or other snake oil: <br /><a href="http://ourfiniteworld.com/2014/02/25/beginning-of-the-end-oil-companies-cut-back-on-spending/" rel="nofollow">Gail Tyerberg looks at this chart and comments:</a> "The above slide shows that conventional oil production peaked in 2005. The top line is total conventional oil production (calculated as world oil production, less natural gas liquids, and less US shale and other unconventional, and less Canadian oil sands). To get his estimate of “Crude Oil Normal Decline,” Kopits uses the mirror image of the rise in conventional oil production prior to 2005. He also shows a separate item for the rise in oil production from Iraq since 2005. The yellow portion called “crude production forward” is then the top line, less the other two items. It has taken $2.5 trillion to add this new yellow block. Now this strategy has run its course (based on the bad results companies are reporting from recent drilling), so what will oil companies do now?" The answer is, they will stop fracking. Big Oil is already doing this; Russia will likely also. Every dollar or ruble spent is half a dollar or ruble lost.Albert Bateshttps://www.blogger.com/profile/17627996921976501534noreply@blogger.comtag:blogger.com,1999:blog-1575603731696062553.post-18388033480461064452014-03-03T14:09:40.330-06:002014-03-03T14:09:40.330-06:00History (if there is such a thing as recorded hist...History (if there is such a thing as recorded history in a few years) will not be kind with regards to the U.S.foreign policy meddling and covert operations on the sovereign soil of foreign nations. Such a long line of stupid blunders, going back to before we were born. <br /><br />Future generations (I hope) will wonder how the powers that be sold it to the citizens so successfully when the rhetoric is so obviously bogus and the results are always so overwhelmingly bad in the long run.<br /><br />The U.S. has little leverage here to make Putin do anything, other than to try to kill their currency. Putin, on the other hand holds a nice hand of cards, including the oil the EU needs to avoid freezing in the dark next winter.<br /><br />Oops.Anonymoushttps://www.blogger.com/profile/02757250545116691670noreply@blogger.comtag:blogger.com,1999:blog-1575603731696062553.post-88125890102674463372014-03-02T16:49:36.346-06:002014-03-02T16:49:36.346-06:00It seems to me a key to this particular thing is -...It seems to me a key to this particular thing is - not just the geopolitical tug of war you describe - but the wave of fracking being pushed by the US State Department around the world. Ukraine happens to have two large segments of shale gas deposits, <a href="http://www.longtailpipe.com/2014/02/ukraine-throws-off-russian-backed.html" rel="nofollow">for which Chevron and Shell have concessions to begin fracking operations</a>. The about-face Yanukovych did, turning to Russia, came immediately after Ukraine signed a fracking deal with Chevron. David Herronhttps://www.blogger.com/profile/12949554325820491701noreply@blogger.com