AdamB wrote:pstarr wrote:I suspect that what Per Magnus calls reserves are really resources already identified by USGS. No big deal. Just more peak-oil denial
Quantifying reserves, and the resource to reserve tranformation rate, isn't peak oil denial. It is the work peak oilers should be doing, but apparently can't be bothered with.
Just more utter complete desperation to get the Shale Oil Ponzi going again. All that LNG shit is bankrupt and that pseudo Per Magnus should have said:
United States has no usable oil for development whatsover
The real oil and gas is all here, Russia has been annexed. Britain has abandoned the US Titanic Shale to have any hope of getting any oil and gas [it won't get any]. Neither will Australia.
http://www.the-american-interest.com/20 ... f-rosneft/The major stockholders of Rosneft are the state-owned Rosneftegaz, which holds 69.5 percent of the shares,
and BP, which holds 19.75 percent.
The chairman of the China National Petroleum Corporation (CNPC) Wang Yilin responded in a subsequent interview that his firm is interested in increasing its share in the Russian oil giant Rosneft.
But there’s a catch: the Chinese will invest only if they get the right to participate in Rosneft’s management—of course “in full accordance with the stake bought,” Wang added.
CNPC already has a share of Rosneft, although its exact size remains undisclosed.
In May of 2014, the Russian firm Gazprom became the first when it signed an agreement with the above-mentioned CNPC for the construction of the Power of Siberia pipeline to China. At the time, Gazprom proudly announced it would receive $400 billion for gas deliveries to China over the next 30 years. By August of 2015, however, it was becoming clear that the Chinese had bargained well. The contract did not fix the gas price, but rather tied it to market rates
A year ago, a
Chinese company received a 49-year lease on 285,000 acres of agricultural lands in the Zabaikalye Region. And in April of this year, China announced it had agreed with Russia to move several of its factories to Russia’s Far East. Analysts in Russia are beginning to worry that the Chinese are taking advantage of them as their economy declines,