Re: [carfree_cities] Russia Is World's Key to Having Oil to Burn
- On Tue, 1 Jun 2004 rickrise@... wrote:
>Yeah, don't you wish they'd stop teaching them that the laws of
> Interesting though perhaps wishful article...Simmons, the energy
> analyst, doesn't see much hope for Russian oilfields. (Flanigan's
> an economist, and therefore believes that high prices create more
physics don't apply in their world?
I couldn't get to the story immediately (the LA Times keeps "losing"
my registration info), but it seems to me that there is a fundamental
problem with the concept: You have to find oil before you can produce
it and I'm not aware that Russia's reserves (although substantial) are
even close to large enough to provide cornucopian surpluses in the
IIRC, proven (hah!) Russian reserves amount to perhaps half those of
either Iran or Iraq alone, maybe 20% of the Saudi endowment and less
than 10% of the total Persian Gulf reserves. In that ballpark,
We probably shouldn't count on Russia to keep the grandchildren
supplied with cheap gas.
"War is a racket."
-General Smedley Butler, 1934
Commandant, US Marine Corps
Post Office Box 307
Corte Madera, CA 94976 USA