Russia Is Far From Peak Oil, Thanks To Abiotic Theory Of Oil Formation
 http://atimes.com/atimes/Central_Asia/II27Ag01.htm...

In 1956, [a consortium of Russian and Ukrainian scientists] announced: "Crude oil and natural petroleum gas have no intrinsic connection with biological matter originating near the surface of the Earth. They are primordial materials which have been erupted from great depths."

The radically different Russian and Ukrainian scientific approach to the discovery of oil allowed the USSR to develop huge gas and oil discoveries in regions previously judged unsuitable, according to Western geological exploration theories, for the presence of oil. The new petroleum theory was used in the early 1990s, well after the dissolution of the USSR, to drill for oil and gas in a region believed for more than 45 years to be geologically barren - the Dnieper-Donets Basin in the region between Russia and Ukraine.

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