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Wicked Blue

(5,832 posts)
Sat Feb 12, 2022, 09:19 PM Feb 2022

Another reason Russia wants Ukraine

Official Website of the International Trade Administration
Energy Resource Guide - Ukraine - Oil and Gas

Ukraine has tremendous natural resources for meeting domestic oil and gas production needs, with estimates of approximately 900 billion cubic meters of proven reserves of natural gas. In Europe, Ukraine ranks second for gas reserves. Three Ukrainian regions contain hydrocarbons resources: the Dnipro-Donetsk basin, the Carpathian region in western Ukraine, and the Black Sea and Crimea region in the south. The Dnipro-Donetsk basin is a major oil and gas producing region accounting for 90 percent of all current Ukrainian production. The structure of hydrocarbons production in Ukraine is as follows: natural gas 89 percent, oil 7.9 percent, and gas condensate 3.1 percent. The primary source of hydrocarbons in Ukraine is natural gas, though the most lucrative gas reserves are located below 5,000 meters.

https://www.trade.gov/energy-resource-guide-ukraine-oil-and-gas

Oil is the root of much evil

21 replies = new reply since forum marked as read
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calimary

(81,240 posts)
18. I remember the smart-ass retort "what's OUR oil doing under THEIR sand?"
Sat Feb 12, 2022, 11:35 PM
Feb 2022

Made me wish we could peel ourselves off the oil standard.

GoCubsGo

(32,083 posts)
5. It also has some of the most fertile soil on the continent.
Sat Feb 12, 2022, 09:47 PM
Feb 2022

They don't call it "the Breadbasket of Europe" for nothing.

roamer65

(36,745 posts)
8. About 30 pct of world grain production is in the Ukraine.
Sat Feb 12, 2022, 10:01 PM
Feb 2022

A prolonged, Afghanistan style quagmire will put grain prices through the roof.

treestar

(82,383 posts)
6. If Ukraine doesn't want them
Sat Feb 12, 2022, 09:54 PM
Feb 2022

None of that will work. It's not the 18th century. They would have a hell of a time keeping order. How have they not learned that blunt force does not work?

Roy Rolling

(6,917 posts)
14. The Test is Here
Sat Feb 12, 2022, 11:11 PM
Feb 2022

The business world is switching away from oil and gas, they see the handwriting on the wall.

Dictator-led businesses disguised as countries like Putin’s Russia are too-slow and stupid to face that realty. This is one of the times the Invisible Hand of the Marketplace is peace’s best friend.

It’s like 1800s-era armies fighting over the oats for their horses. Eventually, armies became mechanized and horses were obsolete. The marketplace will make a Russian invasion of Ukraine such a financial drag that citizens of both countries will revolt.

That’s my story and I’m sticking to it.

Hekate

(90,677 posts)
19. Long known as the breadbasket of Europe, it took a concerted effort by Stalin to create a famine ...
Sat Feb 12, 2022, 11:41 PM
Feb 2022

Any Ukrainian with a memory for their history has no desire for the Russian embrace. It is garbage to say (as Tuckems has done) that Vlad just wants to protect his borders.

From what, pray tell? Far better that the EU recognize Ukraine as the valuable resource it is and as the valuable buffer against Putin that it is. As far as membership in NATO goes, that’s up to the current members — who imagines for a second that Putin gets any say in the membership of that important alliance?

All that and energy resources too.



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