[CitizensTruth] Russian oil production has peaked / oil and war

[Hal Snyder]

Real-time follow-up to "A Crude Awakening", "The End of Suburbia", etc.

http://afp.google.com/article/ALeqM5hPA0TAVjVgaSDHynZq3VSSHqhx1Q

Russian oil production has peaked: Lukoil executive
13 hours ago
LONDON (AFP) — Russian oil production peaked last year, the vice- 
president of Lukoil, the country's second largest oil group, said in  
an interview published Tuesday.

Speaking to the Financial Times, Leonid Fedun said Russia's oil  
production of 10 million barrels a day was the most he would see "in  
his lifetime".

He added that in terms of production in Russia's oil-rich western  
Siberia region, "the period of intense oil production (growth) is  
over" and compared the region to the North Sea and Mexico, where oil  
production has declined.

Lukoil said last week its 2007 net earnings rose 27.1 percent to more  
than 9.5 billion dollars (5.9 billion euros) from 2006, attributing  
the rise in net income to "favourable market conditions, high  
refinery margins ... as well as effective cost control."

Oil and war

The Defense Department is the world's largest energy consumer,  
spending $10.6 billion annually, almost two percent of the entire  
country's use. - Noah Shachtman

The Defense Department ... is in fact the single largest consumer of  
petroleum fuels in the United States. - Lawrence P. Farrell Jr.

Prior to George Bush's Global War on Terror, the U.S. military  
admitted to guzzling 4.62 billion gallons of oil per year. With the  
Pentagon's post-9/11 wars and occupations, annual oil consumption has  
grown
to an almost unfathomable 5.46 billion gallons ... B-52 bombers  
consume 47,000 gallons per mission over Afghanistan.

The Military-Petroleum Complex, Nick Turse | March 24, 2008
http://www.fpif.org/fpiftxt/5097



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