Russian oil sector at 'critical juncture': Putin

M_B_S · Heavy Crude Joined: Aug 20, 2005 Posts: 272

Severodvinsk, Russia (AFP)--11Jul2008

Russian Prime Minister Vladimir Putin on Friday expressed concern over
the country's declining oil production and said the sector was at a "critical
juncture." Putin also said, however, that Russia would not engage in "economic
egoism" and would continue to fulfill export contracts even as it met the
energy needs of its own growing economy.

"The prospects are good but some tendencies worry us. The rate of growth
of production has gone down...In the first quarter of this year, production
even declined 0.3%," Putin told ministers and oil executives.....
http://www.platts.com/HOME/News/8876533.xml?sub=HOME&p=HOME/News&?undefined&undefined

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PEAK OIL and ELM Exclamation

two horses of the apocalypse for Europe and in special for Germany Exclamation

Russias oil export decline to Germany was 8% in 2008 (jan-mai). Russia is Germanys most important oil deliverer (~30%)

http://www.bafa.de/bafa/de/energie/rohoel/energieinfo/2008/mai.html

dissident · Heavy Crude Joined: Apr 08, 2006 Posts: 415

Time to get over the nuclear energy phobia. This time around real effort should be made to build fast neutron reactors.

lorenzo · Fission Joined: Jan 01, 2005 Posts: 2158

TreeFarmer · Heavy Crude Joined: Jun 26, 2007 Posts: 317

Didn't he out right steal from, imprison, and use government leverage to force out everyone from the oil industry who was not one of his cronies?

No wonder production is falling, those now in control stole there way into the positions of leadership.

TF

M_B_S · Heavy Crude Joined: Aug 20, 2005 Posts: 272