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| Caucasus/Russia/Central Asia |
| Russia Wakes Up and Smells the Shale |
| 2014-01-20 |
| h/t Instapundit Russia began drilling a well in its Bazhenov shale formation in Siberia this week, tapping in to what may be the worldÂ’s largest single reserve of shale oil. Moscow is coming to the shale game very late; because Russia is already rich in conventional oil and gas, itÂ’s felt little pressure to invest in unconventional reserves. But as its hydrocarbon production begins to stagnate, Moscow is realizing that shale energy might actually be worth looking in to. And no wonder: Russia has the worldÂ’s largest reserves of shale oil, and ninth-largest reserves of shale gas. Earlier this week, a joint venture between Royal Dutch Shell and Gazprom Neft broke ground on its first fracking well in the Bazhenov shale, just outside of Salym. The sands are running out for the oil ticks |
| Posted by:g(r)omgoru |
| #2 This morning Drudge was reporting that even the Euro-eco-weenies are considering abandoning their tree hugging status in order to jump on the fracking train.... That just has to cause some serious mind spinning in Europe with all them windsolarhydrojunkies... |
| Posted by: USN, Ret. 2014-01-20 22:14 |
| #1 Just what we need, Russia has oil, and we don't. We're dependent on them? |
| Posted by: Redneck Jim 2014-01-20 18:15 |