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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: KyrosL who wrote (161186)	12/15/2011 5:20:19 PM
From: upanddown	2 Recommendations Read Replies (1) \| Respond to of 206181

Putin’s Frack Attack Hmmm...I wonder if Vlad mentioned that Gazprom is one of the biggest users of hydraulic fracturing in the world. I love the way that opponents of hydraulic fracturing have settled on "FRACKING" as the correct spelling. When we first saw this once-obscure industry jargon a couple of years ago, it was spelled either fracing or fraccing since there is no K in fracturing. Fracking....does that resemble any familiar word? "OMG, are those people FRACKING over there?" It sounds disgusting and immoral at best and if it isn't illegal, it should be. The spelling is no coincidence.

To: KyrosL who wrote (161186)	2/17/2012 2:19:57 PM
From: Dennis Roth	1 Recommendation Read Replies (2) \| Respond to of 206181

Gazprom Sits Out Shale Race FEBRUARY 17, 2012 online.wsj.com NEW YORK—As many of the world's biggest energy companies vie for shale-gas assets, a top executive at Russia's OAO Gazprom said it doesn't plan to join the frenzy. "Our traditional reserves are tenfold more efficient than shale resources" to develop, Gazprom Deputy Chief Executive Alexander Medvedev said in an interview Thursday. "In Russia, we put [shale] on a long shelf and maybe in 50 to 70 years we will look at it again"

To: KyrosL who wrote (161186)	5/9/2012 9:46:04 AM
From: Dennis Roth	2 Recommendations Read Replies (2) \| Respond to of 206181

Russia's Putin approves tax breaks that will encourage use of hydraulic fracturing. af.reuters.com MOSCOW, May 3 (Reuters) - Russian Prime Minister Vladimir Putin on Thursday approved a package of stimulus measures to unlock vast untapped unconventional oil resources in Western Siberia that could boost Russian oil production by up to 2 million barrels per day. The proposals would encourage investors in Russia, whose status as the world's top crude producer is threatened by falling conventional output at Soviet-era fields, to expand use of costly hydraulic fracturing and other chemical enhanced recovery methods. "Fracking," which brought a boom in U.S. unconventional oil and gas output, is already in use at some fields in Western Siberia, the Soviet-era oil heartland, but has yet to open up the so-called tight oil targeted in the proposals. "This will open a second life for Western Siberia. The impact on Russian oil output will be very significant," Deputy Energy Minister Pavel Fedorov said after Putin signed a decree ordering the government to refine the package of stimulus measures by Oct. 1 and turn them into legislation. "The potential is pretty substantial from learning how to produce from tighter formations. There is a grey area between tight rock formations and formations in west Siberian regions which produce today." The centrepiece of the package is a sliding scale of tax breaks for investors in tight oil which would grant a discount of 50 to 100 percent on mineral extraction tax depending on the permeability of the rock. "We have to send a clear signal to both domestic and international companies, to stimulate them to work in such a difficult - but at the same time prospective - sector," Putin said, citing estimates that the measures could yield up to 2 million bpd in additional output over time. [snip] ==== So fracking OK with Putin if Russians do it, but it would an environmental disaster if Western Europeans should attempt it.