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Page added on March 17, 2016
Russia has less than three decades of oil remaining
“Our recoverable oil reserves are about 29 billion tons. These are the ones that could theoretically be extracted from the subsoil. Crude oil production (without condensate) preliminarily amounted to about 505 million tons in 2015. Such reserves will last for 57 years,” the head of the ministry Sergey Donskoy told Rg.ru.
“However, the volume of proved reserves (we know exactly their whereabouts, quantity and how to extract them), according to experts, is only half of that, about 14 billion tons. The proved reserves will last for only 28 years,” he added.
According to Donskoy, Russia’s oil production will inevitably start to decline by 2020. The share of hard to extract oil will grow, as traditional resources will start to deplete.
This will also make the extraction more expensive, he said. “That’s why we won’t stop the exploration work,” Donskoy added.
Oil exploration is complicated by collapsing crude prices that have lost two-thirds of their value since 2014. However, Russian companies won’t cut back on exploration, which will remain at last year’s level, the minister said.
Rosneft…is focused on increasing the development drilling by 40 percent compared to last year. At the same time, the costs of land exploration will grow by almost 1.5 times,” he said. Donskoy added that Surgutneftegaz has no plans to reduce exploration activities, either, while Bashneft largely compensated the reduced extraction with increased stockpiles.
Russia also has big plans for Arctic drilling. In August, the country filed an application to expand the boundaries of its continental shelf in the region. The volumes may reach 5 billion tons of untapped oil and natural gas reserves worth as much as $30 trillion.
Donskoy said the application will be considered over three to five years, given its big volume. “The materials have been very well developed and give us every chance of approval of the application. Completed geological, geophysical and bathymetrical work is a serious scientific contribution to the study of the Arctic,” he said.
67 Comments on "Russia has less than three decades of oil remaining"
GregT on Sat, 19th Mar 2016 1:33 am
Modern slavery in the West is no longer physical Onlooker, it is psychological, and emotional. But being a member of the higher than average intelligent apes, you already knew that.
twocats on Sat, 19th Mar 2016 1:37 am
i’m not really weighing in on the whole IQ debate, but this might be illuminatingly funny for some, watch as college students try to answer questions “not quite as hard” as the ones mak posted from 18dicketyfive:
https://www.youtube.com/watch?v=yRZZpk_9k8E
GregT on Sat, 19th Mar 2016 1:48 am
IQ isn’t a debate twocats, it’s an agreed upon standard measurement of intelligence. The intentional dumbing down of the masses, and the sheer stupidity, isn’t really funny. It’s rather sad.
GregT on Sat, 19th Mar 2016 2:06 am
Also two, the video that you linked doesn’t represent IQ, it is all about political indoctrination. Where IQ comes into play, is whether people fall for the indoctrination, or they are capable of thinking for themselves. Most of the sheep are not, and those who are, will be continually called down by those who aren’t.
Question everything, or be one of the sheep. BAAAH.
Apneaman on Sat, 19th Mar 2016 2:07 am
Smart is not really a proper word to describe intelligence.
The average person today may know more things than an average person from 100 years ago, but that’s because there is more accumulated knowledge. An explosion in fact – an additional 6 billion minds helped that along. Critical contemplative thinking is what matters and it hasn’t been taught for generations as onlookers comment above indicates. Being able to “look it up” does not really qualify one as a Rhodes scholar now does it? It was only 25 years ago that you had to remember stuff – facts, figures, phone numbers, addresses, etc. Bet you old farts like me remember when you use to have a head full of them and could rattle them off no problem. Took effort and kept one sharp. Apes naturally value things that take effort. Now it’s all on the stupid phone eh? Lots of lazy minds and short attention spans and the level of innumeracy is through the roof. Technology plus intentional dumbing down and a late/last stage decadent culture that don’t give a shit. Anti intellectualism is a badge of honour for trailer trash red necks, gangsters in the hood and white suburbanites too (Led by Texas). Rejection of science, logic and the precautionary principle combined with mass debt fuelled consumerism, celebrity worship and cheering for a total tard like trump. How else would you expect a civilization to act near it’s end?
Interesting audio only lecture on “smartness”. Try to Stay amused while waiting for your doom.
Myths of The American Mind: Smartness
https://www.youtube.com/watch?v=gjR3h0RqVG0
makati1 on Sat, 19th Mar 2016 2:21 am
Onlooker, I could give a long list of examples of how Americans are slaves, but it would do no good. Blinders are attached at birth and they cannot be taken off except by extreme desire and some pain.
The easiest is the I.R.S. You belong to them until you die. You cannot avoid them anywhere in the world. You must file every year from your first paycheck until your cremation. No excuses. No exemptions. The only escape is to renounce your US citizenship and even then, you cannot just take your money and leave the US. They will tax it before you are allowed to leave and even then, any amount over $10,000. has to be reported to the US government.
There is no other country in the world that has such control over it’s slaves. Not even China, North Korea or Russia.
onlooker on Sat, 19th Mar 2016 2:33 am
Your absolutely right Mak. Again because for the most part many Americans are not even aware of this insidious form of slavery. A prison of the mind. Thanks Mak for pointing out some of gross inadequacies/vices of the US. More than anything us Americans need to see it if nothing more than at least go to our deathbeds condemning these vices. Maybe we will get afterlife points for that haha.
makati1 on Sat, 19th Mar 2016 2:34 am
Ap, you remember correctly. We had to ‘learn’ our lessons, not knowing what may be asked on the test. And, often it was an essay answer, not multiple guess. If you failed too many you got to repeat that grade with all of the embarrassment it meant. No “political correctness’ then. Just education. You could end up in the 7th or 8th grade and be 18 before you could quit and be a laborer for the rest of your life.
I could tell you the phone numbers and addresses of everyone that was important on my life. Their birthdays, anniversaries, etc. I knew where all of the countries where and could name the capitals of all of the states and where they were. And on and on.
Schools were places of education then. They are baby sitting services now with over paid sitters we still call ‘teachers’.
onlooker on Sat, 19th Mar 2016 2:44 am
Yes Greg and Mak, the key to leaving this prison of the mind at least in my opinion has been first be a kind of outsider who has no stake in the well being of the US. Second, an inquisitive searching mind that seeks with so much fear to hinder its quest. Third, the Internet has surely helped connect the dots. At least the three of us go to our deathbeds knowing what this world is really like. As they say “The truth shall set you free” Always, thanks for your input guys
onlooker on Sat, 19th Mar 2016 2:45 am
without so much fear
makati1 on Sat, 19th Mar 2016 3:01 am
“The only thing we have to fear is fear itself.” F.D.R.
Fear keeps most Americans in their chains. The fear of being responsible for their future, not some government social safety net. Not some quasi-history book written by long dead people who where not even present at the time and place they write about yet it is to be taken as fact and bowed down to with the threat of hell and damnation if you slip up and think for yourself and dare to question it.
So many chains. So little time. LOL
Davy on Sat, 19th Mar 2016 6:47 am
“IQ has nothing to do with knowledge. It is about one’s ability to learn.” IQ is overrated and full of holes. There is so much more to life than “ability to learn”. Life is also about happiness and ability to appreciate what one has and who one is. Life is about being a well-rounded person not just smart or capable. Often less intelligent people are more balanced personalities. Real learning is learning who you are and within that equation what are your talents. If the higher ups on the national IQ list are so special why are their countries lacking in so many other areas besides math and engineering. Asians are nothing special on the cultural creativity list. Culture is not IQ related. Creativity is not IQ based. In fact high IQ probably stifles creativity and culture. IQ is a useful tool especially for the standardized learning we see today in our insane society. So really IQ is a measure of how insane you are.
onlooker on Sat, 19th Mar 2016 7:18 am
“Tis no measure of sanity to be sane in an insane world” Agree, that IQ, is a limited artificial construct devoid of real meaning in the context of complex human culture and the ability or lack thereof to find one’s niche you could say within this culture. To find a niche look for what interests you and apply yourself to that with vigor and passion. My niche is a quest to understand our historical evolution through the prism of psychology and what motivates individuals and the collective alike. Beyond that a functioning brain with healthy neurons is the best measurement of intelligence.
Boat on Sat, 19th Mar 2016 8:21 am
mak,gregt
http://www.intelltheory.com/flynneffect.shtml
IQ explained.
GregT on Sat, 19th Mar 2016 11:35 am
“Now, in a new book, Are We Getting Smarter? Rising IQ in the Twenty-First Century, Flynn unpacks his original finding, explaining the causes for this widespread increase in IQ scores, and reveals some new ones, regarding teenagers’ vocabularies and the mental decline of the extremely bright in old age. Ultimately, Flynn concludes that human beings are not smarter—just more modern.”
“If we work in the opposite direction, the typical teenager of today, with an IQ of 100, would have grandparents with average IQs of 82—seemingly below the threshold necessary to graduate from high school,” he wrote in a New Yorker article in 2007. “And, if we go back even farther, the Flynn effect puts the average IQs of the schoolchildren of 1900 at around 70, which is to suggest, bizarrely, that a century ago the United States was populated largely by people who today would be considered mentally retarded.”
http://www.smithsonianmag.com/science-nature/are-you-smarter-than-your-grandfather-probably-not-150402883/?no-ist=&_tmc=9yzt-1WBRr_tYZOuBI_xuZD0MNuS9bDk9qG_frqBQLw&page=1
JuanP on Sun, 20th Mar 2016 8:44 am
Russia will host best World Cup ever – FIFA President, ghttps://www.rt.com/sport/336269-fifa-world-cup-2018/
JuanP on Sun, 20th Mar 2016 8:46 am
https://www.rt.com/sport/336269-fifa-world-cup-2018/