Biggest oil find in decades becomes c...

Biggest oil find in decades becomes cautionary tale

There are 1 comment on the North Port Sun story from Nov 20, 2011, titled Biggest oil find in decades becomes cautionary tale. In it, North Port Sun reports that:

After 11 years and $39 billion of investment, Exxon Mobil Corp., Royal Dutch Shell and their partners have yet to sell a drop of oil from what was touted as the world's biggest discovery in four decades.

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Dwight Baker

Eagle Pass, TX

#1 Nov 21, 2011
Pipe lines needed blood of our troops spilled
Still Big oil screams!
By Dwight Baker
[email protected]
11/21/11

ARTICLE
Biggest oil find in decades becomes cautionary tale
http://www.charlotte-sun.com/sunnews/portchar...

EXCERPT

Kashagan, which may hold enough oil to supply the world for six months, has become a cautionary tale for oil companies worldwide as they spend an estimated $20 trillion through 2035 finding supplies in ever more difficult places. Expenses mounted as engineers underestimated the complexity of drilling under a region of the Caspian Sea that’s frozen almost half the year. The government accused the partners, which are allowed to recoup spending before sharing the oil, of inflating costs.

Nursultan Nazarbayev, Kazakhstan’s leader-for-life, toured Kashagan in September and declared it a “colossal” work defining his 20-year rule since the Soviet Union’s collapse, which included building a new capital city in the middle of the country’s steppe. When the oil project starts production it will be a milestone for the Central Asian republic of 16.5 million that’s four times the size of Texas.

MY TAKE

Dick Cheney while CEO of Halliburton traveled this area cutting deals behind closed doors with the political leaders in charge. But in all of his work he knew someday that pipelines must be built to export the oil and gas from these great explored and defined deposits. George Bush entertained the Taliban in Houston to try and get a pipeline deal that Sunoco needed to export the gas to China.

But that still left the need to build pipelines cheaply and secure. Thus come the War with Iraq. And as we study the NECON thugs have been about doing those same things for years. So forget about democracy coming to those regions just think about the old NECON thugs filling their pockets with blood money paid for by Big oil.

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