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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 457.82+1.3%Jan 23 4:00 PM EST
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To: Haim R. Branisteanu who wrote (106905)8/7/2014 8:15:28 AM
From: Haim R. Branisteanu   of 219713
 
Some times idiocy has no bounds - being captive to the chauvinist fever is denying the development and prosperity of a whole nation of about 150 million people because an ill conceived paranoid attitude


The Big One: Russia's Bazhenov shale



The West Siberian basin is the largest petroleum basin in the world, covering 2.2 million square kilometres between the Ural Mountains and Yenisei River, extending from Kazakhstan in the south to under parts of the Kara Sea in the north.

The region contains dozens of super-giant and giant oilfields, including Samotlor with 28 billion barrels of oil originally in place, and Urengoy with more than 350 trillion cubic feet of original gas reserves.

The formation contains 18 trillion tonnes of organic matter, according to the U.S. Geological Survey ("Petroleum Geology and Resources of the West Siberian Basin", 2003).

Bazhenov is estimated to hold more than 1.2 trillion barrels of oil, of which about 75 billion might be recoverable with current technology, making it the biggest potential shale play in the world, according to the U.S. Energy Information Administration ("Technically Recoverable Shale Oil and Shale Gas Resources", 2013).

uk.reuters.com
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