While Moscow invests heavily in unlimited oil production for the future, New York squanders America's dwindling oil profits on fast cars and fast women
by Joe Vialls
In 1970 the Russians started drilling Kola SG-3, an exploration well which finally reached a staggering world record depth of 40,230 feet. Since then, Russian oil majors including Yukos have quietly drilled more than 310 successful super-deep oil wells, and put them into production. Last Year Russia overtook Saudi Arabia as the world's biggest single oil producer, and is now set to completely dominate global oil production and sales for the next century. We gratefully accept credit cards here: If the opening paragraph of this report started by claiming that completely unlimited crude oil reserves exist inside planet earth, readers might be tempted to regard the entire text as preposterous ghostwriting for a novelist like Frederick Forsyth. If the report then went on to claim that the Russians have exploited this stunning reality for nearly thirty years, right under the largely unwitting noses of western intelligence, readers could be excused for mistaking the author for a lunatic, or perhaps as a front for spy novelist John le Carré. The problem here is that unlimited oil reserves do exist inside planet earth, and the Russians long ago developed the advanced technology necessary to recover these unlimited oil reserves in an efficient and timely manner.
Profoundly disturbing hard intelligence like this does not sit well with the frantic cries of western academic shills and lobbyists, determined to convince you all that the end of the oil world is nigh, or, more accurately, that America faces an imminent catastrophe when global production capacity "Peaks", i.e. when world demand for crude oil finally exceeds the rate at which we can physically pump the required product out of the ground. The gist of these false claims are outlined in a speech given at the at the University of Clausthal, by lobbyist Doctor Colin Campbell during December 2000:
"In summary, these are the main points that we have to grasp: Conventional [Free flowing] oil provides most of the oil produced today, and is responsible for about 95% of all oil that has been produced so far. It will continue to dominate supply for a long time to come. It is what matters most. Its discovery peaked in the 1960s. We now find one barrel for every four we consume. Middle East share of production is set to rise. The rest of the world peaked in 1997, and is therefore in terminal decline. World peak comes within about five years" [circa 12/2005]
Campbell is just the tip of a giant iceberg of academic Peak Oil 'experts' who suddenly appeared en-masse to give you this frightening news, right after President Saddam Hussein suddenly started trading his oil in Euros rather than in US Dollars, a devastating switch with the easy capacity to destroy the US Dollar in less than five years if it was left unchallenged and unchecked.
So these shills [decoys] were carefully positioned to deflect your attention away from the obvious greed and incompetence of the United States Government and its Wall Street masters, and focus it elsewhere instead. Then, hopefully, a few years later down the track when prices start to bounce through the roof, and America has no Euros to buy crude oil, you will blame gasoline prices of $5.00+ per gallon at the pumps on an 'inevitable decline' in world oil production, rather than march furiously on Washington DC with locked and loaded firearms.
Though attacking Campbell and his ilk is not the purpose of this report, his idiot claims can be debunked readily enough. While it is true that nowadays we only officially find one barrel of oil for every four barrels we consume, this is primarily because we temporarily stopped the incredibly expensive process of looking for crude oil when we had already physically established more than two trillion barrels of reserves in known reservoir locations around the world. When those known reserves drop to [say] one trillion barrels we may be tempted to go and find more, but not until then. And while it is true that the production rate from each individual oil well ever drilled has slowly declined over the years, there is a perfectly valid technical reason for this predictable reduced flow rate, which will be explained later.
In order to understand how Russia has left the rest of the world standing in its wake, it is essential to know a little bit about where oil is located, and how it is extracted from the ground for refining and commercial use. It is an enormously complex subject, especially when considering the ultra-deep wells, which should really have a separate category all of their own. Many years ago I was personally involved at the sharp end of two ultra-deep drilling operations [one of them in direct liaison with Russian experts from the Moscow Drilling Institute], and will try to keep this drilling lesson as simple as I can.