Amvet

Note to Europe: Watch How China Negotiates Russian Oil Deal

It is tiring to hear the continuous harping about Russian unreliability. The dishonesty in New York and London screwed the world economy and ruined many people and the screwers in the rating agencies and large banks are still living a free, rich life. The US is conducting three wars (Iraq, Afghanistan, and Iran), supporting whatever crimes the Israelis choose to do, and generally act like they run the world. Refocus, Mr. Pirrong.

Increase of State-Controlled Resources Threatens U.S. Consumers

Cut the BS. The US government has insulted, threatened, and harrassed Russia and Venezuela for years and so you call them "anti-american". Honest-up and tell the truth. We have caused countries to distrust us. Amvet

Move Over Exxon-Mobil, Here Comes Gazprom

Some important Gazprom news:

Last Friday Gazprom signed two agreements with Turkmenistan in Ashgabat: (1) Gazprom will spend $4 B to $6 B developing NG projects in Turkmenistan. (2) Starting in 2009 Gazprom will buy Turkmenistani NG at a price based on wholesale prices in the Ukraine and the EU. (Low markup - massive vollume.)

Gazprom recently offered to buy all of Azerbaijan´s NG production.

Move Over Exxon-Mobil, Here Comes Gazprom

Muddling investor:

Political risk is not going up, it is going down and oil and gas prices are great, even if they fall 25%. At least the Russians have not labeled billions of dollars of junk as high quality and killed a big segment of the world´s banking system. With the scams coming out of the US you need to talk about American Roulette, not Russian.

Move Over Exxon-Mobil, Here Comes Gazprom

Your comments about Gazprom are late, but the recent crash in the share price may help those who want to own or add. If you are looking for a company that may be on a real upcurve, look at Gazprom Neft which, perhaps, is intended to the oil producing equivalent of Gazprom. I own Gazprom, Gazprom Neft, Lukoil, and Mechel Steel.

The 'Peak Oil' Myth: New Oil Is Plentiful

Peak oil is about oil production, not about estimated oil in stone.

Current production is around 85 million bbls per day. Low end of estimated yearly production decrease per field: 5%. This means that about 4 million bbls per day of new production is needed each year. That means 40 increases of 100,000 bbls per day each.