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Page added on December 17, 2019
The Worrying Truth About Russia’s Oil Industry
The widespread adaptation of the combustion engine at the start of the 20th century propelled oil into becoming the world’s most important commodity. Resource-rich countries such as Russia were the beneficiaries of the new global energy order. Its predecessors, the Soviet Union and Imperial Russia, were already among the first and most important producers of oil in the late 19th and early 20th century. The country’s oil sector, however, is facing challenges to maintain its current level of production.
Although Russia ranks 8th in terms of proven oil reserves, it is the second-largest producer with 11.2 million barrels per day (mb/d). Only the U.S. produces more with on average 12 mb/d in 2019. While Russia’s proven reserves are almost 70 percent less than Saudi Arabia’s, it is on par when it comes to production. However, a majority of the country’s oil originates from brownfields in Western Siberia that have been in operation for decades. Therefore, Russian energy companies are applying new technologies to reduce decline rates.
Although Moscow has set its eyes on the Arctic to open new frontiers, the majority of its activities are still in Western Siberia. Therefore, the declining output is a major threat to the sustainability of the country’s oil production. Several state-owned energy companies have achieved significantly lower decline rates by applying techniques such as the lengthening of wellbores, side-tracking to restore wellbore integrity and the use of hydraulic fracturing.
Companies such as Yuganskneftegaz and Purneftegaz (both Rosneft subsidiaries) and Surgutneftegas have reduced the decline rates to about 2 percent compared to 5-6 percent on average across the country and 10-15 percent in Western Siberia.
Despite the difficulties Russia’s oil sector is facing in the long term, the country is expected to slightly increase its production capacity in the short term. When taking into account the commissioning of new fields and slower rates of depletion, the country could be producing 11.35 mb/d by the end of 2020. The extension of the OPEC+ agreement, however, could have a negative impact.
Looming threats
In the long run, much depends on the price of oil. Moscow hasn’t made a secret of its ambition to increase production in the Arctic. The harsh climate and lack of infrastructure are impediments to new energy projects in the region. It also increases the costs for investors. Therefore, high oil prices are a necessity to ensure profitability.
Furthermore, Moscow still faces sanctions from Western countries due to its meddling in Ukraine. This has reduced the availability of technological know-how which previously was provided by Western energy firms such as Shell, Exxon, and Total. Although Russian energy companies can drill independently in certain areas, they have not been able to replicate advanced drilling technologies for hard-to-reach oil deposits. Therefore, much will depend on whether these companies can develop the necessary know-how in the coming years or access Western technology due to the lifting of sanctions.
Lastly, Moscow is expanding tax incentives to improve the financial conditions for companies to boost their activities. According to the Russian Energy Ministry, in 2018 half of the country’s oil was produced under tax exemptions. Although it has proven to be necessary for some areas, Moscow is acting reservedly to implement similar measures in other regions because it reduces the state’s revenues.
The strategic calculation
Maintaining its position as one of the world’s biggest oil producers serves Moscow’s two goals. Primarily, the export of oil and gas boosts the state’s coffers. Approximately, 40 percent of Russia’s state budget is provided by the oil and gas sector. Also, the country’s strategic importance is strengthened and ‘a seat at the table’ is ensured by maintaining the position as one of the world’s largest energy producers. The OPEC+ agreement was made possible by the good relations between Riyadh and Moscow that is reflected in other areas of interests such as Syria and arms deals.
Fortunately for Russia, it possesses the world’s largest proven natural gas reserves which are seen as an important bridging fuel during the energy transition towards a more sustainable future. The country is already the world’s biggest exporter of natural gas with plans to significantly increase LNG production. Despite the headwinds, Moscow will remain an integral and important part of the global energy value chain in the foreseeable future.
96 Comments on "The Worrying Truth About Russia’s Oil Industry"
daily bazarre lonely JuanP on Sat, 21st Dec 2019 12:38 am
REAL Green on Sat, 21st Dec 2019 12:24 am
Can we please go to sleep now Davy? This hole JuanP thang of ours is gettin to be weigh to much.
I AM THE MOB on Sat, 21st Dec 2019 4:13 am
Nationalism is just subbing for repressed white dudes.
Cloggie on Sat, 21st Dec 2019 1:31 pm
Der Spiegel is a German language empire media outlet, so the news about the sanctions are brought in a neutral tone. Yet they allow very critical reader comments, none if them pro-US:
https://www.spiegel.de/wirtschaft/unternehmen/nord-stream-2-us-sanktionen-lassen-ostsee-pipeline-auf-letzten-kilometern-stocken-a-1302451.html#js-article-comments-box-pager
German finance minister Scholz has rejected the sanctions.
Nord Stream sanctions, yet another nail in the empire coffin.
Cloggie on Sat, 21st Dec 2019 2:10 pm
This is the Russian pipe-layer Fortuna, currently already on location at Ruegen, Germany, that I think will complete the last 300 km:
https://www.marinetraffic.com/en/ais/details/ships/shipid:4677206/mmsi:273395690/imo:8674156/vessel:FORTUNA
I mean, the US failed in Venezuela, they failed in Syria, they will fail to block Nord Stream.
Robert Inget on Sat, 21st Dec 2019 2:32 pm
Russia and China now control 90% of Venezuela’s
(#1 in in reserves) oil exports.
Why Putin pushed so hard to get puppet Trump elected.
Nord Stream pipeline is all but complete. Any Russian pipeline company can finnish in months.
Cloggie puts too fine a point on saying US failed in Venezuela, Syria, she always does.
I prefer, Putin won both.
daily bazarre insane incel JuanP on Sat, 21st Dec 2019 4:45 pm
Cloggie on Sat, 21st Dec 2019 2:10 pm
This is the Russian pipe-layer Fortuna, currently already on location at Ruegen, Germany, that I think will complete the last 300 km:
makati1 on Sat, 21st Dec 2019 4:52 pm
Robert there are winners and losers, no draws in politics. The US has lost every attempt as anything since, well, WW2. The Russians won that one also.
You might claim Amerikans went to the moon, but did they? Most people who were involved are dead now. Amerika cannot even get to the Space Station without foreign help today. Their latest attempt failed. All Amerika can make these days is debt. They are number one at that. LOL
bazarre incel JuanP speaks on Sat, 21st Dec 2019 7:46 pm
makati1 on Sat, 21st Dec 2019 4:52 pm
Robert there are winners and losers, no draws in politics. The US has lost every attempt as anything since, well, WW2. The Russians won that one also.
Davy on Sat, 21st Dec 2019 8:07 pm
“Robert there are winners and losers, no draws in politics. The US has lost every attempt as anything since, well, WW2. The Russians won that one also.”
No arguing that makato. Don’t listen to JuanP. he’s a idiot.
I AM THE MOB on Sun, 22nd Dec 2019 5:30 am
Return of nuclear doomsday
https://thehill.com/opinion/national-security/474090-return-of-nuclear-doomsday
Hit Mother Russia with a nuclear first strike. That will destroy the new Eurasian alliance!
Cloggie on Sun, 22nd Dec 2019 5:38 am
“Hit Mother Russia with a nuclear first strike. That will destroy the new Eurasian alliance!”
Mob outs himself yet again as a mass murderer.
https://www.memri.org/sites/default/files/2019_Q3/IA14775.jpg
Davy on Sun, 22nd Dec 2019 5:50 am
“Hit Mother Russia with a nuclear first strike. That will destroy the new Eurasian alliance!”
The Russians are our friends. What should be done is we need to root out the evil left from this country from positions of power and influence. This needs to be done by exposing their lies and corruption. It needs to be done by calling out their dumbasses at the bottom like MOBster. It is happening now with the imploding of the Democratic party and its hijackers.
Davy on Sun, 22nd Dec 2019 5:51 am
“Mob outs himself yet again as a mass murderer.”
look in the mirror, cloggo, war pig
Cloggie on Sun, 22nd Dec 2019 5:58 am
“The Russians are our friends.”
LOL
https://deepresource.wordpress.com/2019/12/22/us-nord-stream-sanctions-fallout/
“look in the mirror, cloggo, war pig”
When do I ever call for a nuclear first strike?
All I do is picking up signals, like with CW2 (all from US sources) or predicting that US naval vessels parading before the front door of China is asking for trouble.
Your club tried to conquer the entire world through lies and mass murder. And now it is you who will get your ass kicked. Do I feel sorry for you? Absolutely not. You deserve what is now coming to you.
Davy on Sun, 22nd Dec 2019 6:08 am
“From Vietnam To Afghanistan, All US Governments Lie”
https://tinyurl.com/rbzqksk zero hedge
“After more than 30 years of policy work, government experience, teaching and research, I see no mystery here. Concealment, deception and outright lies have characterized U.S. national security policy for decades – from the overthrow of democratically elected governments in Iran and Guatemala to the overthrow of Saddam Hussein and more.”
“The mild reaction to lying in plain sight about Afghanistan suggests the U.S. may be well down the road to unravelling government’s credibility and our democracy altogether.”
Davy on Sun, 22nd Dec 2019 6:09 am
“When do I ever call for a nuclear first strike?”
Please, cloggo, you salivate over WW3. If you could you would initiate it. For some reason you feel Eurotards will be immune to its. WW3 plays out in your fantasies of Napoleonic white armies sweeping globe with conquest and victory. Gaullist alright! LMFAO. More like sick and deranged.
JuanP is stupid on Sun, 22nd Dec 2019 6:11 am
Stupid, I approve of you visiting Zero Hedge. IOW I feel you are promoting my agenda of the truth. Good boy. LUNATIC
This is from stupid:
Davy said “From Vietnam To Afghanistan, All US Governments L…
Cloggie on Sun, 22nd Dec 2019 6:24 am
“Please, cloggo, you salivate over WW3. If you could you would initiate it. For some reason you feel Eurotards will be immune to its. WW3 plays out in your fantasies of Napoleonic white armies sweeping globe with conquest and victory. Gaullist alright! LMFAO. More like sick and deranged.”
Complete BS. We are not going to start WW3.
YOU WILL.
Either in the South China Sea, ignoring a Chinese ultimatum or in the Gulf or God knows where. You have been preparing for war ever since 1933 and you still outspend the rest of the world by a massive margin.
(But your morale sucks, archaic 7th century Jihadists can defeat you in the long run)
And when did I ever talk about “Napoleonic white armies sweeping globe with conquest and victory”, you stinking, lying creep from the Ozarks.
All I ever suggested was that Europe could intervene in a developing CW2 in North-America, after the template of 1776 and help creating one or more white ethno-states from the rubble and park them in a PBM-lead alliance.
That’s it.
You think you can remember that, mr power-projector and city nuker?
Davy on Sun, 22nd Dec 2019 6:31 am
“Complete BS. We are not going to start WW3.”
cloggo has a Anglo derangement. It is as bad as Trump derangement with the extremist liberals. cloggo, I am not the US. I am an individual. You are an individual, cloggo. You are not Napoleon either. You and I are insignificant little people in a big world. LOL. got it? If not go seek help.
Cloggie on Sun, 22nd Dec 2019 6:38 am
Libya to become the next Syria?
https://www.spiegel.de/politik/ausland/tuerkei-in-libyen-der-naechste-krieg-von-recep-tayyip-erdogan-a-1302328.html
Turkey sending soldiers to Tripoli, sees itself as the leader of the Islamic world.
A bizarre scene is developing:
UN, Italy, Turkey supporting the government in Tripoli.
Russia, Egypt, France, Abu Dhabi supporting Haftar.
Russia however is seen as the key.
Davy on Sun, 22nd Dec 2019 6:40 am
“Are You Ready to Die? The US Military/ Security Complex Wants Tensions to Increase…”
https://tinyurl.com/y2l8djfn zero hedge
“The Zionist Neoconservatives who run US foreign policy are now herding the US out of the remaining arms limitations agreements. It appears that Washington intends to withdraw from the Open Skies agreement with Russia.“
“Washington’s Provocations of Russia and Russia’s Passivity Are Scheduling the Death of the Earth”
Cloggie on Sun, 22nd Dec 2019 6:48 am
“cloggo has a Anglo derangement.”
Wtf is an “Anglo derangement”?
These people, as water carriers of uncle Schmull, are the ONLY threat to the continued existence of my (European) civilization, the best there is in the world (don’t believe me, I might be an “evil chauvinist”, just study migration patterns). Of course I want to see them bite the dust. What did you expect?
The good news (for Europe) is that Anglos are more advanced on the road towards ethnic self-destruction than continental Europe. Gonna be difficult to reign us in, like in the old days.
No go back to your farm and ensure that when hungry gangs from St. Louis-East arrive at your doorstep in their pickups, these poor, oppressed folks at least have something to eat.ROFL
I AM THE MOB on Sun, 22nd Dec 2019 6:52 am
Clogg
When the global oil shortage comes from lack of discoveries and CAPEX reductions. We are going to have Asia and Europe by the balls.
And you we will squeeze those suckers until you say Uncle Sam!
LOL
JuanP on Sun, 22nd Dec 2019 6:58 am
For: Davy and his REAL Green central air conditioning units
Crushing household debt, a collapsing real estate market and a contracting economy have strangled consumer spending in China, especially spending on big-ticket appliances. One result of this is that sales of air conditioners have tanked, leaving manufacturers in China this spring with about 50 million finished units unsold, stacked up in inventory.
This is terrible news for industry and consumerism, but it’s good news for the planet. Because, it turns out, our frantic efforts to keep ourselves cool while the planet heats up are accelerating the heating of the planet. You could call it a feedback loop.
You might not believe this, but there are people still alive who remember when an air-conditioned theater or department store was a novelty to be experienced only occasionally, when air-conditioning a car meant rolling down the window. With the crank. But the industrialists saw their chance, and before long ordinary, middle-class people were living. working, traveling and shopping in air-conditioned comfort.
What began as a luxury soon became a perceived necessity in the temperate latitudes, but it was far more than that in the American South and in the tropics. Air conditioning made residential and commercial development possible where it simply could not have been done before, and thus transformed the economy of regions and whole countries. The distinguished American scholar Richard P. Nathan ranked air conditioning with the civil rights movement as one of the two biggest factors in changing American demographics and politics in the closing decades of the 20th Century.
In China, the economic “miracle” that saw the creation over a few decades of an enormous middle class consisting of former peasant farmers created enormous consumer demand for such things as blue jeans, smart phones and air conditioning. It is estimated today that there are one billion single-room air conditioners in the world, and that is not counting whole-house or commercial air conditioners.
All of this translates into a voracious and exploding demand for electricity. A whole-house air conditioner uses more electricity than 15 refrigerators. A heatwave just about anywhere strains the electric grid to its capacity, and sometimes beyond. In New York City in 2006 the system broke down and left 175,000 people without power for a week during a heat wave that killed 40 people. “Last year in Beijing, during a heatwave, 50% of the power capacity was going to air conditioning,” says John Dulac, an analyst at the International Energy Agency (IEA). “These are ‘oh shit’ moments.”
Even more ominously, air conditioning is no longer a luxury, or even an option, for people in large and expanding regions of the world. In a wet-bulb temperature of 94 degrees Fahrenheit, humans cannot live for more than a few hours. Sweating can no longer cool the body and it overheats until the central organs fail. This threshold is being reached and exceeded in more places, for longer periods of time, every year. In Qatar, one of the hottest places on earth, they are desperately trying to air-condition the outdoors — shopping streets, outdoor restaurants and stadia.
There is no good way to get off this gerbil wheel. The glut of unsold air conditioners in China is no doubt a temporary thing; they will be deployed, as will millions more in every part of the world, inexorably increasing the demand for electricity from fossil-fuel burning generators and aged grids, world without end until it ends. The day it breaks is gonna be a hot day in Hades.
JuanP is stupid on Sun, 22nd Dec 2019 6:58 am
good work stupid!
this is from stupid:
Davy said “Are You Ready to Die? The US Military/ Security C…
JuanP is stupid on Sun, 22nd Dec 2019 7:00 am
stupid. got a link?
This is from stupid:
JuanP on Sun, 22nd Dec 2019 6:58 am
For: Davy and his REAL Green central air conditioning units
REAL Green on Sun, 22nd Dec 2019 7:09 am
“You might not believe this, but there are people still alive who remember when an air-conditioned theater or department store was a novelty to be experienced only occasionally, when air-conditioning a car meant rolling down the window. With the crank. But the industrialists saw their chance, and before long ordinary, middle-class people were living. working, traveling and shopping in air-conditioned comfort.”
REAL Green says we need to get back to having homes and businesses that incorporate natural ventilation. REAL Green also says if you are going to use AC then do it responsibly. If you can go renewable so on a clear hot day you can run a multi-split inverter system and zone cool a smaller area instead of a whole house system that is extremely wasteful. REAL Green also realizes that the top and consumerism is hopelessly corrupt with late stage capitalism. These inefficiencies ensure there will be a cascade of obsolete structures not adapted to natural ventilation. It will be too expensive to retrofit these places. These places will be abandoned eventually. JuanP’s Miami beach is one such place. In the summer the place is unbearably hot without AC many old people like JuanP would not be able to live there. If you can move to a place that is not like Miami Beach. Move to a place that has natural ventilation.
Davy on Sun, 22nd Dec 2019 7:10 am
“Wtf is an “Anglo derangement”?”
You are the definition of Anglo derangement, cloggo
Cloggie on Sun, 22nd Dec 2019 7:13 am
“When the global oil shortage comes from lack of discoveries and CAPEX reductions. We are going to have Asia and Europe by the balls.”
You do realize that you are a major oil importer yourself? Probably not.
Europe is busy installing renewable capacity. We will be fine by 2030:
https://deepresource.wordpress.com/2019/12/21/the-dutch-energy-transition-faster-than-you-would-expect/
Society doesn’t break down with 50% of even 66% less primary energy. We in Holland now use three times as much electricity as we did in the seventies and we were already fine then.
Already bought that single railway ticket to NYC?
Cloggie on Sun, 22nd Dec 2019 7:15 am
“You are the definition of Anglo derangement, cloggo”
As per usual, balkanized dave evades a real discussion and falls back to name calling.
Davy on Sun, 22nd Dec 2019 7:19 am
“When the global oil shortage comes from lack of discoveries and CAPEX reductions. We are going to have Asia and Europe by the balls.”
MOBster is not smart enough to realize globalism and the oil industry is a global market. Saying one region will be fine when others suffer is typical of another kind of derangement. MOBsters derangement is liberal extremism of identity and conflict politics. MOBster seeks conflict to tear down everything thinking a liberal rebirth will occur of extreme control and domination of a few over the many in a fake liberal socialism. His revolution will see him perish in a useless conflict of debauchery and anarchy.
Davy on Sun, 22nd Dec 2019 7:21 am
“As per usual, balkanized dave evades a real discussion and falls back to name calling.”
cloggo, get help. You are a smart guy who has become very screwed up. It is not too late to change and do good. What you are doing now is hateful and nasty.
JuanP on Sun, 22nd Dec 2019 7:32 am
“Denmark: Why Integration Fails”
https://tinyurl.com/tl88w5f zero hedge
“In a recent survey conducted by the Danish Ministry of Foreigners and Integration (Udlændinge- og Integrationsministeriet), 48% of descendants of non-Western immigrants in Denmark said that they think it should be forbidden to criticize religion, according to Kristeligt Dagblad. Forty-two percent of immigrants who had lived in Denmark for three years agreed with the statement, while only 20% of ethnic Danes agreed with it. The results of the survey came around the same time that a Danish think-tank, UNITOS — where Danish politician Naser Khader is a board member — published a report by former Islamist imam Ahmed Akkari, “The loyalty conflict in the West – why Muslims are hard to integrate…Here my point is that Islam has never fully assimilated into any society and that Muslims have never fully adapted into non-Muslim cultures. With an increasing number of Muslims in the West, this will end in conflict…”The problem with the Muslim minority in the West… is that it dare not be independent, when it comes to religious issues… because the strong religious and cultural elite governs… and posits itself as self-elected representatives of Muslims”…”As Islamists influence Western Muslim circles, Western political parties engage with them to win more votes, and therefore make unfortunate alliances with forces that really… reject the established system…The dilemma is that by seeking Islamist votes they allow those who wish… Denmark to become Islamized to be strengthened… the same sort of dilemma as if one sought the votes of a neo-Nazi, fascist or Stalinist group”.
Sissyfuss on Sun, 22nd Dec 2019 8:33 am
Islam cannot operate in a secular manner. They will not assimilate, they only bide their time till they breed themselves into the majority. Freedom of religion is a nice sentiment but freedom from religion is an essential for realistic action against extinction.
JuanP on Sun, 22nd Dec 2019 8:50 am
Davy Stupid:
Comparing the Mississippi Valley right smack in the middle of the country where temperatures and humidity routinely exceed 100 with a coastal community where year-round ocean breezes provide a natural cooling effect, AC is optional. We use a single window unit that runs only at night and for 2018 a total of 16 days for six hours when in use. The fact that you run incredibly wasteful central air conditioning units is a necessary fact of life in good old Missury, and you ain’t seen hot yet. The best is yet to come.
More Davy Childish ID Theft on Sun, 22nd Dec 2019 8:52 am
JuanP on Sun, 22nd Dec 2019 7:32 am
Davy on Sun, 22nd Dec 2019 8:58 am
Why am I blinded by the light when I’m wrapped up like a douche while I’m rollin’ in the night?
Davy to JaunP on Sun, 22nd Dec 2019 9:11 am
JuanP, stupid, weather is awesome in Missouri all times of the year. It is also tough in Missouri all times of the year. Real men live here if they live like I do in nature. Pussy fucks like you live in Miami Beach.
Cloggie on Sun, 22nd Dec 2019 9:14 am
““Denmark: Why Integration Fails””
Integration works nowhere. It is a stupid word from Marxist academia without relevance for reality. It is political program, not potential.
“Islam cannot operate in a secular manner. They will not assimilate, they only bide their time till they breed themselves into the majority. Freedom of religion is a nice sentiment but freedom from religion is an essential for realistic action against extinction.”
They are just biding their time.
Example yesterday, world championship heavyweight kick-boxing between Dutchman Rico Verhoeven and serial jail-bird Moroccan Badr Hari.
In the public all Dutch deplorables support Verhoeven, all Mocros + Dutch libtard media elite support Badr.
It was basically a sneak preview of the upcoming real soccer match Holland-Morocco a la Enoch Powell (“Rivers of blood”).
Read the hilarious comments of the Dutch posters on the largest forum in the Netherlands (and a right-wing forum):
https://www.geenstijl.nl/5151141/live-rond-22-00-rico-verhoeven-vs-badr-hari/
Oh, Verhoeven won.
JuanP is stupid on Sun, 22nd Dec 2019 9:17 am
Stupidity never ends from stupid
This is from stupid:
Davy said Why am I blinded by the light when I’m wrapp…
More Davy Childish ID Theft said JuanP on Sun, 22nd Dec 2019 7:32 am
JuanP said Davy Stupid: Comparing the Mississippi Valley righ…
Sissyfuss said Islam cannot operate in a secular manner. They wil…
Sissyfuss said Theedy, continued existence of intelligent life on…
Davy to JuanP on Sun, 22nd Dec 2019 11:26 am
I gots to admit though Juanpee. People can live in tropicle places without AC. They don’t live to good in freezing cold with no heat. You guys don’t need to heat yer houses 5 months a year like us real men in Missoury do.
Davy on Sun, 22nd Dec 2019 11:31 am
You guys can always cool down with a nice dip in the oshun when it’s real hot. Us real men can’t take a dip in the swamp when it frozun. That’d be real hard.
JuanP is stupid on Sun, 22nd Dec 2019 11:36 am
stupid, you look more stupid by being stupid. It doesn’t work anymore
this is from stupid:
Davy said You guys can always cool down with a nice dip in t…
REAL Green on Sun, 22nd Dec 2019 11:47 am
Davys write JuanP is stupid.
I AM THE MOB on Mon, 23rd Dec 2019 6:17 am
Elon Musk has called his father “a terrible human being” who has “committed almost every kind of crime imaginable. ” and hasn’t spoken to him in years, because he was abused by his father.
Elon prevents his children from even meeting their grandfather.
https://www.cheatsheet.com/health-fitness/the-sickening-reason-why-elon-musk-called-his-father-a-terrible-human-being.html/
Cloggie on Tue, 24th Dec 2019 5:15 pm
Speculation about which ship is going to complete the missing last 160 km of the Nord Stream pipeline, now that the Dutch ship AllSeas-Audacia, the largest of its kind in the world…
https://www.youtube.com/watch?v=NBV8iDiCpNI
…has been withdrawn:
https://www.spiegel.de/wirtschaft/unternehmen/us-sanktionen-russland-sucht-ersatz-fuer-verlegeschiff-a-1302722.html
Most likely candidate the Russian vessel “Akademik Tscherski”, currently moored in Eastern Russia. The total expected delay will be several months and financial damage, caused by US saboteurs, more than 100 million (Total price tag 11 billion euro). But the price is worth it as the geopolitical dimension is immense.
America loses continental Europe but keeps the UK (England rather).
Europe loses England but gains Russia and the prospect of membership of the New Silk Road.