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Russia Boosts 2017 Crude Oil Production To 30-Year High

General discussions of the systemic, societal and civilisational effects of depletion.

Re: Russia Boosts 2017 Crude Oil Production To 30-Year High

Unread postby peakoilwhen » Fri 02 Mar 2018, 16:26:44

on the subject of russian oil. The recent oil price drop is orchestrated to try hurt russia, rockdoc will confirm this. the anglo-us oil masters actually want to create an 70s style oil crisis, so that petrol at the pump cost go way up, to be too expensive for many consumers so they have to abandon their petrol cars. Meanwhile electric battery car purchases will be subsidized by the bankers.
But this plan can't happen with russia pumping out vast amounts of oil. If the anglo-us majors were to orchestrate an oil shortage in all the production they control, then russia would reap mega profits - since they wouldn't go along with the plan - instead just pumping out as much oil as possible.
So the anglo-us has to destroy the russian oil mob or seal it off from the rest of the world, hence the wars in ukraine and syria. The deep basement rock abiotic wells in the crimean are the target. the anglo-us have to seize them if they want to sell tesla cars. That fake car in space gimmick won't work w/o a firm grip on the crimean wells.
This is all true and david knows it and will have something to say about it if u copy paste it to him.
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Re: Russia Boosts 2017 Crude Oil Production To 30-Year High

Unread postby Outcast_Searcher » Fri 02 Mar 2018, 16:53:08

peakoilwhen wrote:on the subject of russian oil. The recent oil price drop is orchestrated to try hurt russia, rockdoc will confirm this. the anglo-us oil masters actually want to create an 70s style oil crisis, so that petrol at the pump cost go way up, to be too expensive for many consumers so they have to abandon their petrol cars. Meanwhile electric battery car purchases will be subsidized by the bankers.

Would you care to offer PROOF, beyond delusional ravings? (While you're at it, any anti-Semetic rants to add, re evil bankers?) :roll:

It seems pretty obvious to me that recently, when the stock markets get skittish, it's "risk off" and oil prices, which have been trending up the past 6+ months, come off as long oil futures traders take profits and take risk off the table.

DId the word "correlation" make it to your education, while you were studying paranoia and evil plots by "the rich"? If so, look at the correlation between the oil markets and the US stock markets in recent weeks, and feel free to show why I'm wrong.

Not surprising. Not complex. No conspiracy theories or demented raving required.

And Occam (of "Occam's razor") approves of the simplicity of my argument vs. yours, by orders of magnitude.
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Re: Russia Boosts 2017 Crude Oil Production To 30-Year High

Unread postby tita » Fri 02 Mar 2018, 17:34:01

"Drilling and completion costs have been falling not rising."

Yes and no... Costs are indeed lower, but (as I understood) they drill longer laterals and use different techniques for completion, increasing costs. But this gives higher initial rates and they can recover more oil in the first year. Along with hedging, they reduced substantially the economic risks they were exposed back in 2014.

I'm no expert, but I think the shale industry changed a lot in the last three years. It's no more the black gold rush stimulated by high oil prices that led to a frenzy of oil drillings.
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Re: Russia Boosts 2017 Crude Oil Production To 30-Year High

Unread postby peakoilwhen » Fri 02 Mar 2018, 17:43:12

>Would you care to offer PROOF

stopped reading there. proof exists only in maths. outside of maths, evidence is used. you will learn about evidence when u go to big school. come back here if u pass your science exam. good luck.
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Re: Russia Boosts 2017 Crude Oil Production To 30-Year High

Unread postby rockdoc123 » Fri 02 Mar 2018, 17:56:47

Yes and no... Costs are indeed lower, but (as I understood) they drill longer laterals and use different techniques for completion, increasing costs.


companies handle this by reporting cost/boe, which have been dropping
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Re: Russia Boosts 2017 Crude Oil Production To 30-Year High

Unread postby peakoilwhen » Sun 04 Mar 2018, 14:30:10

Re: Russia Boosts 2017 Crude Oil Production To 30-Year High

The ruskies have unlocked the secret of abiotic oil. Therefore western oil companies think russia must be destroyed for 2 reasons
1. left unchecked they will outproduce every other nation and stop the west from controlling the world oil market
2. too many western geos will realise abiotic theory is correct
russia hires western oil engineers, many come back disilussioned with fossil fuel theory and convinced of abiotic theory. anglo-us oil wants that truth to be secret. Thats why US-anglo-Israel are at war with russia right now, and are grabbing control of the middle east.
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Is Russia Cheating On The OPEC Deal?

Unread postby AdamB » Tue 03 Apr 2018, 15:37:48


After three months of steady output, Russia’s crude oil production increased in March to 10.97 million bpd, the highest level since April 2017, as the top two Russian companies boosted their production. According to data by the Russian Energy Ministry, Russian oil production in March was 46.39 million tons, or 10.97 million bpd, up from 41.85 million tons in February, or 10.95 million bpd. The March production level showed the first increase since December 2017, and is slightly above Russia’s quota in the production cut deal. Russia’s pledge in the OPEC/non-OPEC deal is to shave off 300,000 bpd from its October 2016 level, which was the country’s highest monthly production in almost 30 years—11.247 million bpd. Last month, the two largest Russian oil producers, Rosneft and Lukoil, both raised their production by 0.1 percent compared to February, according to energy ministry data, carried by Reuters. On


Is Russia Cheating On The OPEC Deal?
Peak oil in 2020: And here is why: https://www.youtube.com/watch?v=2b3ttqYDwF0
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