Simples !
(only kidding)
Next month, the US Energy Information Administration (EIA) will publish a new estimate of US shale deposits set to deal a death-blow to industry hype about a new golden era of US energy independence by fracking unconventional oil and gas.
EIA officials told the Los Angeles Times that previous estimates of recoverable oil in the Monterey shale reserves in California of about 15.4 billion barrels were vastly overstated. The revised estimate, they said, will slash this amount by 96% to a puny 600 million barrels of oil.
The Monterey formation, previously believed to contain more than double the amount of oil estimated at the Bakken shale in North Dakota, and five times larger than the Eagle Ford shale in South Texas, was slated to add up to 2.8 million jobs by 2020 and boost government tax revenues by $24.6 billion a year.
The two countries are also at odds over the pricing of Russian natural gas, with Moscow threatening to cut supplies as early as next week
the ground beneath my feet begins to crumble
(Reuters) - Russia cut off gas to Ukraine on Monday in a dispute over unpaid bills that could disrupt supplies to the rest of Europe
A long-term reduction of supply could hit EU consumers, which get about a third of their gas needs from Russia, around half of it through pipelines that cross Ukraine. "Regarding transit risks, they exist and they are not insignificant," Miller said of supplies reaching the EU. The bloc's energy commissioner, Guenther Oettinger, who has been brokering the gas talks, said in Vienna that the EU should top up its storage or could face problems in winter. But with both sides filing lawsuits at the Stockholm international commercial arbitration court to try to recover billions each says they are owed, any quick agreement seems a way off.
Its not the predictable and carefully designed strategys that can kick start a shooting situation, its the guy who had too much vodka the night before and has a shaky trigger finger.
Yes, turning the telly off and going to the woods sounds like a great way to forget the rest of the world and its idiots.
Personally, I strongly disapprove of all military, the glorification of slaughter, the arms industry, and the way that the ranks of the worlds armies are filled with psychotic misfits.
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