Talk:Essay: Russian oil: Lower future production/profits due to future higher extraction costs and other inefficiencies

Stratfor, hmmm? You need to see this: Resisting the globalist conditioning of America and get off your Neocon/LGBT donkey. RobS^{Zelensky didn't kill himself} 22:44, February 25, 2024 (EST)

Regarding you ignoring my OilPrice.com info: The Fallacy of exclusion is a logical fallacy where "Important evidence which would undermine an inductive argument is excluded from consideration. The requirement that all relevant information be included is called the 'principle of total evidence."[1]

Regarding your Statfor comment. See: Genetic fallacy

I trust this clarifies matters. Feel free to engage in last wordism. Conservative (talk) 22:50, February 25, 2024 (EST)

The same factors will affect the American oil industry.

oilprice.com is a trade publication for distributors and investors; it's not bigotted propaganda as you use it. RobS^{Zelensky didn't kill himself} 22:53, February 25, 2024 (EST)

Will the same factors affect the American oil industry?

• US oil production will remain at 'historically high volumes’ through 2050: New government report, Yahoo Finance, March 2023
• Projected energy production from crude oil and light condensate in the United States from 2022 to 2050, Statista
• "Strong continuing international demand for petroleum and other liquids will sustain U.S. production above 2022 levels through 2050, according to most of the cases we examined in our Annual Energy Outlook 2023 (AEO2023). We project that the United States will continue to be an integral part of global oil markets and a significant source of supply in these cases, as increased exports of finished products support U.S. production." - US Energy Information Administration[2]

In addition, I cite: In Russia, the shortage of personnel in the oil and gas industry was assessed, Oreana News, 2023 (Based in St. Peterburg, Russia)

For more information, please see: [[Essay: The USA is outproducing Russia and Saudi Arabia in oil production. The best is yet to come]]

Also, the USA is far more diversified in its economy than Russia.

I trust this clarifies matters. Conservative (talk) 08:18, February 26, 2024 (EST)

We've been over this. Russia and Saudi Arabia are oil producing countries; the USA is an oil consuming country. RobS^{Zelensky didn't kill himself} 12:33, February 26, 2024 (EST)

The weakness in many of your screeds is your over reliance on investment advisors, which are basically sales pitches. RobS^{Zelensky didn't kill himself} 17:00, February 26, 2024 (EST)

"OilPrice.com reported in an article entitled Analysts Predict 42% Decline In Russian Oil Production By 2035".[3]

"Currently, the Russian oil and gas industry lacks 25 thousand employees. Elena Kuznetsova, partner of Yakov and Partners, told RIA Novosti about the shortage of staff... Kuznetsova emphasizes that it is most difficult for employers to find medium- and highly qualified personnel, since they cannot be replaced quickly. Experts attribute the shortage of labor to the relocation of specialists, the low attractiveness of work in remote regions, as well as the aging of existing personnel and low motivation of young people. Earlier, the head of the Central Bank, Elvira Nabiullina, said that the shortage of personnel is the main problem of the Russian economy. According to the representative of the Bank of Russia, for further economic growth, it is necessary to ensure not the availability of money and loans, but to increase labor productivity". - Oreana News, 2023 (St. Peterburg, Russia).[4]

And this is just the tip of the iceberg in terms of what I cover in the article via articles/video.

Bottom line: Russia is very likely headed for a world of hurt. And no denialism and hand waving from a hyper Russophile is going to change this matter. Game over. Do not pass go. Do not collect $200.00. Conservative (talk) 19:27, February 26, 2024 (EST)

It's still meaningless. All it is a trade publication and speculation.

Basically, what it is is, whining by Western oil producers cut off from high paying jobs due to their government 's suicidal Russia sanctions. That's all. Google "Arnold J. Toynbee, The Faculty of Mimesis". Between now and 2035, there is 88% of the population of planet Earth who can step up, learn the job skills, and occupy those positions. Granted, the suicide of the West due to the Green economy (which you advocate) will lead to a modest reduction in demand and prices, offset by growing demand among the remaining 88% of the planet. RobS^{Zelensky didn't kill himself} 19:30, February 26, 2024 (EST)

Moreover, many of those workers from India, China, Africa, Indonesia, and Latin America, who learned the job skills by mimesis, will not have to convert their paychecks into dollars to buy the consumer manufactured goods and necessities of life from China or food from Russia, but instead can pay directly in yuan or rubles. That will be to your detriment due to the falling demand and value of the dollar. RobS^{Zelensky didn't kill himself} 20:09, February 26, 2024 (EST)

Off topic personal conversation

Moved to User:Conservative/mailbox

Russia crude oil extraction cost March 2005 to December 2018

For more information, please read: The Golden Age of Russian Oil Nears an End, Stratfor, 2023

Russia crude oil extraction cost March 2005 to December 2018

Russia's crude oil extraction cost affects how much profit Russia can earn from Russian oil sales. In addition, it can affect the potential amount of Russian oil drilling because if oil is too costly to extract in a given area, the drilling will not occur.

Russia's oil extraction cost are expected to rise in the future. See: The Golden Age of Russian Oil Nears an End, Stratfor, 2023