Russia Overtakes Saudi Arabia as World’s Leading Oil Producer

Quote from moneymoneymoney:

They better make all the money they can now, cause the US is about to put it to them. And long before $10/gallon gas hydrogren fuel cells become cost effective.

http://www.raytheon.com/feature/oil_shale06/
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How I wish that were true. There is no way the Democrats will ever allow that resource to be tapped. They would rather game it politically and f___ the whole country for phony-baloney environmental reasons than do something intelligent.

It gives me no pleasure to say this, but America has neither the political will nor the collective intelligence to use a resource right in front of its brain-dead face.
 
Quote from Copernicus:

ruskis are going to crash hardcore with price of oil heading south.
$ money they are getting now is not getting invested anywhere, because it doesnt make it that far down the stream.

Its funny look at Israel, how the tech innovation took off after they took in all those Russian scientists. If Russia kept those guys and poured oil $ into research, we would have a true economic power to contend with in 15 years, as it as once oil $ slows down we'll probably see them default/devalue again and start nationalizing.
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happening already, Yukos founder played the political card and got punished as an example, but here is the latest move, they couldnt talk force them to leave so they pull a permit :-)

Russians cancel environmental permit for Royal Dutch Shell-led project-FT
Russian authorities cancelled a key environmental permit for a $20B energy project led by Royal Dutch Shell (RDS.A), in a move that could stop work on one of the world's largest oil and gas ventures. This move, by the natural resources ministry, comes as the Kremlin seeks to bring strategic assets back under state control. :theflyonthewall
 
Quote from DeepFried:

How I wish that were true. There is no way the Democrats will ever allow that resource to be tapped. They would rather game it politically and f___ the whole country for phony-baloney environmental reasons than do something intelligent.

It gives me no pleasure to say this, but America has neither the political will nor the collective intelligence to use a resource right in front of its brain-dead face.

Quote from moneymoneymoney:

They better make all the money they can now, cause the US is about to put it to them. And long before $10/gallon gas hydrogren fuel cells become cost effective.

http://www.raytheon.com/feature/oil_shale06/

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Um, the democracts were not in power for the last 7+ years. And I'd bet that Rayethon (in that link) are both contributers and good receivers to the incumbant political party and their war funding contracts.

Would they bite the hand that feed them?

Anyone have a link that shows how much Rayethon gives to political parties or lobbists, or how many govt. contacts they receive related to war?
 
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