"There is danger from all men. The only maxim of a free government ought to be to trust no man living with
power to endanger the public liberty." - - - - John Adams

Monday, July 28, 2014

Joe Biden’s Son Drilling Shale Gas In East Ukraine

Follow The Money Trail
  • As long as the cold, hard cash goes right into their pockets, Democrats appear not to mind drilling for oil and gas.
  • The passions of language and nationalism cannot be discounted in places like the Ukraine, but the search for oil & gas and the wealth it creates it never far away from these conflicts.

Recall what we said earlier today: the proxy Ukraine war just like that in Syria preceding it, "is all about energy."

Recall also the following chart showing Ukraine's shale gas deposits, keeping in mind that the Dnieper-Donets basin which lies in the hotly contested eastern part of the nation and where as everyone knows by now a bloody civil war is raging, is the major oil and gas producing region of Ukraine accounting for approximately 90 per cent of Ukrainian production and according to EIA may have 42 tcf of shale gas resources technically recoverable from 197 tcf of risked shale gas in place.

Finally, recall our story from May that Joe Biden's son, Hunter, just joined the board of the largest Ukraine gas producer Burisma Holdings. From the press release:
R. Hunter Biden

R. Hunter Biden will be in charge of the Holdings’ legal unit and will provide support for the Company among international organizations. On his new appointment, he commented: “Burisma’s track record of innovations and industry leadership in the field of natural gas means that it can be a strong driver of a strong economy in Ukraine. As a new member of the Board, I believe that my assistance in consulting the Company on matters of transparency, corporate governance and responsibility, international expansion and other priorities will contribute to the economy and benefit the people of Ukraine.”

Still confused? It's very simple, really.

In a nutshell Ukraine (or rather its puppetmasters) has decided to let no crisis (staged or otherwise) or rather civil war, go to waste, and while the fighting rages all around, Ukrainian troopers are helping to install shale gas production equipment near the east Ukrainian town of Slavyansk, which was bombed and shelled for the three preceding months, according to local residents cited by Itar Tass.

The reason for the scramble? Under peacetime, the process was expected to take many years, during which Europe would be under the energy dictatorship of Putin. But throw in some civil war and few will notice let alone care that a process which was expected to take nearly a decade if not longer while dealing with broad popular objections to fracking, may instead be completed in months!

Full Article:  Zero Hedge.com

Ukraine and Poland Could Be Future Leaders
in Shale Gas Production
Global consulting company A. T. Kearney forecasts Ukraine and Poland to have a good chance of becoming the leading European countries in the extraction of shale gas by 2035, as cited by bloomberg.com. Thanks to the current political support, the two Eastern European countries could possibly lead the economic region.
AT Kearney expects the shale gas production to amount to 58bn cubic meters by 2035, which is more than 12 percent of the total gas consumption of the EU in 2011. By 2035 the production of shale gas is supposed to make 45 percent of the total gas production in the region, according to Bloomberg Businessweek. However, the only exception is Norway.  (friedlnews.com)

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