Russia's Putin says shale oil technologies are 'barbaric'

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  • #228182

    JonLP
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    • Output increases in the Permian Basin of Texas, as well as other major formations, have helped the U.S. become the world’s largest producer of oil.
    • Earlier this week, the U.S. Energy Information Administration (EIA) said in a monthly forecast that U.S. crude oil output from seven shale formations was projected to rise to a record high of 9.13 million barrels per day in December.

    Russian President Vladimir Putin has sharply criticized nations like the U.S. for ignoring the environmental impact of shale oil and gas production, describing it as a “barbaric” process that the Kremlin has no interest in pursuing.

    Speaking at a business conference in Moscow Wednesday, Putin said: “Today’s technology of shale oil production and shale gas are without any doubt … barbaric.”

    “These technologies destroy the environment,” he explained via a translation, before adding that the areas affected by the extraction process were typically left in a “precarious situation.”

    “In spite of all of the economic benefits, we do not need it and we will never do this,” Putin said.

    https://www.cnbc.com/amp/2019/11/20/russias-putin-says-shale-oil-technologies-are-barbaric.html

  • #228193

    Charles
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    @charles

    He’s got a point. Fracking is a disaster….

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  • #228214

    NV Wino
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    Maybe I need to start learning Russian.

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  • #228215

    tk2kewl
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  • #228238

    Ohio Barbarian
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    Russia doesn’t have nearly as much accessible shale oil as the US does–according to Wikipedia the US has four largest shale oil reserves in the world, the smallest of which is about the same size as all of Russia’s combined–so that’s easy for Putin to say.

    If the situation were reversed it would be the American government saying the same thing about the Russian one.

    There is no honor among oligarchs, but even oligarchs and imperialists are right sometimes. This is one of those times.

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    • #228242

      JonLP
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      @jonlp

      I agree. I wonder if people though would become pro shale oil production if Putin is against it?

       

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