Comments on: Russia Surpasses Saudi Arabia

By: T. Greer

T. Greer — Sat, 19 Sep 2009 02:03:22 +0000

Eh, this does not mean much. Or does, but the real significance of this news is not outlined here.

The Saudis (as well as the rest of OPEC) have been cutting production to raise prices. The Russians are only producing more than the Saudis because they decided now was not the time to play OPEC’s game. If Saud were to raise production to its full capacity it could easily outstrip Russia’s production. As Carola Haryos said over at FT Energy Source (the best energy blog out there, IMO), “the bear free-rides on Opecâ��s efforts to maintain oil prices.”

Russia’s relations with the various OPEC states are on the descent, I think.

By: UNRR

UNRR — Thu, 17 Sep 2009 10:41:54 +0000

This post has been linked for the HOT5 Daily 9/17/2009, at The Unreligious Right

By: kurt9

kurt9 — Wed, 16 Sep 2009 17:24:28 +0000

Bully for the Russians. Now they can sell all of that oil and natural gas to the Chinese and Europeans. China would make an excellent market. Unlike the West, the Chinese have no desire to bully anyone around about their government, human rights, etc. China borders Russia and the pipelines can be built far enough east as to avoid Muslims R’ Us in Central Asia. As China grows and grows economically and militarily (and Russia declines), the Chinese can offer to be a guaranteer of Russia’s security against Muslims R’ Us in the south. The Chinese, in return, get a free hand in economic dealings with Central Asia, including tapping all of that Caspian Sea oil as well (and Iranian natural gas). Since China’s economy will be so big by that time, there will be more than enough market for oil and natural gas (even with all of those Chinese nuclear plants) that there will be no need for Iran, the Caspian Sea countries, and Russia to fight over market share.

By: abwehr

abwehr — Wed, 16 Sep 2009 15:43:14 +0000

Samatlor, Russia’s giant similar to Gahwar in the Kingdom. is past peak production Russia’s reserves to production ratio is less than 8:1-with offset new reserves in expensive remote areas.

The out producing claim ignores the realities of at least 2mmb/d of Saudi surge capacity- an ability Russia does not have.

By: tdaxp

tdaxp — Wed, 16 Sep 2009 13:17:23 +0000

Very good post. When Europeans talk about global warming, they mean Russia. Whatever the ideas of the useful idiots on the green-left, the goal of cap-and-trade is to disentangle our allies in Europe from that angry gnat called Russia.

By: Jerry

Jerry — Wed, 16 Sep 2009 05:09:48 +0000

Hmm Russia has too many nukes. It will be too risky to invade them and steal their oil :-P

By: CHETO

CHETO — Wed, 16 Sep 2009 04:35:32 +0000

THE US IS THE MIGHT IN THE WORLD BUT NOT THE SMARTEST—FOR NOT PRODUCING NEW TYPES OF ENERGY…… BECOUSE THEN THEY WOULD’NT HAVE TO DEPEND ON ANYONE ELSE….