• 3 minutes 2nd Annual Great Oil Price Prediction Challenge of 2019
  • 6 minutes "Leaked" request by some Democrats that they were asking Nancy to coordinate censure instead of impeachment.
  • 11 minutes Trump's China Strategy: Death By a Thousand Paper Cuts
  • 14 minutes Democrats through impeachment process helped Trump go out of China deal conundrum. Now Trump can safely postpone deal till after November 2020 elections
  • 48 mins Shale Oil Fiasco
  • 5 hours Everything you think you know about economics is WRONG!
  • 6 hours USA v China. Which is 'best'?
  • 18 hours Wallstreet's "acid test" for Democrat Presidential candidate to receive their financial support . . . Support "Carried Interest"
  • 5 hours Global Debt Worries. How Will This End?
  • 14 hours My interview on PDVSA Petrocaribe and corruption
  • 4 hours Quotes from the Widowmaker
  • 1 day Wonders of US Shale: US Shale Benefits: The U.S. leads global petroleum and natural gas production with record growth in 2018
  • 3 hours Judiciary impeachment: Congressman says Sean Misko, Abigail Grace and unnamed 3rd (Ciaramella) need to testify.
  • 4 hours Tesla Launches Faster Third Generation Supercharger
  • 1 day Petroleum Industry Domain Names

What Russia’s Arctic Attack on Greenpeace is Really About

Bottom Line: The recent detention of Greenpeace activists in the Arctic display Russian fears of losing absolute control over Arctic waters and specifically over the Northern Sea Route that makes a convenient shortcut from the Atlantic to the Pacific.  

Analysis: Almost half of the entire Arctic is laid claim to by Russia—and a lot of this territory is likely to have major oil and gas deposits. We are decades away from even being able to drill in the northern most Arctic territory that will likely be disputed by Russia, Canada, Greenland and the US. But that ice IS melting, so it’s only a matter of time. Though these are technically international waters, Russia is patrolling the area with great vigilance. An old military base on the New Siberian Islands has been recommissioned, and a flotilla of some 30 ships has been deployed, including four icebreakers and a nuclear cruiser—all with the aim of securing the Northern Sea Route.  

In the meantime, the Greenpeace activists on board the Arctic Sunrise detained on 19 September were protesting Gazprom’s drilling in the southeastern part of the Barents Sea (the Pechora Sea), and this is nowhere near the Northern Sea Route and lies in undisputed Russian territory, but it was a prime opportunity to demonstrate Moscow’s relentlessness in the Arctic for all to see.   

Recommendation: The ice caps are melting, and Russia’s vigilance in the Arctic tells us one thing…




Oilprice - The No. 1 Source for Oil & Energy News