By Vladimir V. Sytin
The Ukrainian Times
This year the company ChernomorNeftegaz of Russia is going to implement the project of prospecting for oil and natural gas at the Subbotin deposit on the Kerch shelf. Today commercially profitable reserves of oil are estimated at three million tons there.
In addition, plans are in hand to develop the Gordievich deposit of oil and gas in the Black Sea. Its reserves of natural gas are variously estimated at from 68 billion to 100 billion cubic meters.
According to many observers, Europe is dependent on Russian energy. Russia can cut off this energy. There are no alternatives in the short run, and perhaps not in the long run.
If Russia shuts off the energy, Germany’s industry would shut down. Europeans would freeze to death in the winter. Despite these facts, the neocon-infested U.S. government has forced the faulty European Union to impose economic sanctions on Russia.
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