Russia's Putin says shale oil technologies are 'barbaric'
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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.
November 20, 2019 at 10:47 PM #228193CharlesParticipant
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He’s got a point. Fracking is a disaster….
Bernie: "Not Me. Us"
November 20, 2019 at 11:08 PM #228214NV WinoModerator
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Maybe I need to start learning Russian.
November 20, 2019 at 11:09 PM #228215tk2kewlParticipant
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November 20, 2019 at 11:49 PM #228238Ohio BarbarianModerator
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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.
It is better to vote for what you want and not get it than to vote for what you don't want and get it.--Eugene Debs
Show me a man that gets rich by being a politician, and I'll show you a crook.--Harry Truman
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