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    - Conventional Oil 101

    Started by RE May 13, 2024, 07:55 PM

    Message path : / Planetary Material Conditions / Peak oil / Conventional Oil 101 #27


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    RE

    • Administrator
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    May 13, 2024, 07:55 PM
    If the territory is BRITISH Antarctica, why woul thd the Ruskies be the ones to drill it?  One would think British Petroleum would have first dibs.

    Given it's in Antarctica, the cost of drilling down there and building the infrastructure for storing the oil and pumping it onto supertankers would be astronomical.  There isn't even a port on the North Slope to do that. it's why they built the Alaska pipeline and ship out of Valdez.  The cost of getting that oil is probably an order of magnitude greater.  Not to say they won't do it though/

    https://watcher.guru/news/brics-russia-makes-massive-oil-discovery

    BRICS: Russia Makes Massive Oil Discovery

    RE

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