Company In Which Joe Biden's Son Is Director Prepares To Drill Shale Gas In East Ukraine | Zero Hedge

Recall what we said earlier today: the proxy Ukraine war just like that in Syria preceding it, "is all about energy."

Recall also the following chart showing Ukraine's shale gas deposits, keeping in mind that the Dnieper-Donets basin which lies in the hotly contested eastern part of the nation and where as everyone knows by now a bloody civil war is raging, is the major oil and gas producing region of Ukraine accounting for approximately 90 per cent of Ukrainian production and according to EIA may have 42 tcf of shale gas resources technically recoverable from 197 tcf of risked shale gas in place.



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Still confused? It's very simple, really.

In a nutshell Ukraine (or rather its puppetmasters) has decided to let no crisis (staged or otherwise) or rather civil war, go to waste, and while the fighting rages all around, Ukrainian troopers are helping to install shale gas production equipment near the east Ukrainian town of Slavyansk, which was bombed and shelled for the three preceding months, according to local residents cited by Itar Tass. The reason for the scramble? Under peacetime, the process was expected to take many years, during which Europe would be under the energy dictatorship of Putin. But throw in some civil war and few will notice let alone care that a process which was expected to take nearly a decade if not longer while dealing with broad popular objections to fracking, may instead be completed in months!

“Civilians protected by Ukrainian army are getting ready to install drilling rigs. More equipment is being brought in,” they said, adding that the military are encircling the future extraction area.

The people of Slavyansk, which is located in the heart of the Yzovka shale gas field, staged numerous protest actions in the past against its development. They even wanted to call in a referendum on that subject. Environmentalists are particularly concerned with the consequences of hydrofracing, a method used for shale gas extraction, because it implies the use of extremely toxic chemical agents which can poison not only subsoil waters but also the atmosphere. Experts claim that not a single country in the world has invented a method of utilization of harmful toxic agents in the process of development of shale gas deposits.

Countries like the Czech Republic, the Netherlands and France have given up plans to develop shale gas deposits in their territories.

Complete story at - Company In Which Joe Biden's Son Is Director Prepares To Drill Shale Gas In East Ukraine | Zero Hedge

R. Hunter Biden Should Declare Who Really Owns His New Ukrainian Employer, Burisma Holdings | naked capitalism

Here’s last week’s big announcement, adorned by a photograph of an American with a faintly alarming rictus; oh yes, oh dear me, yes: Hunter Biden joins the team of Burisma Holdings:

Burisma Holdings, Ukraine’s largest private gas producer, has expanded its Board of Directors by bringing on Mr. R Hunter Biden as a new director.

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However, it is not R. Hunter Biden’s appointment that is a hoax, nor Devon Archer’s; nor is it, for that matter, the appointment of the ex-President of Poland, Aleksander Kwasniewski, who is also on Burisma’s board, as of January. No, it’s Burisma itself that looks flaky, even on a casual inspection.

But surely, that would be a failure of due diligence on the part of messrs Biden, Archer and Kwasniewski? Indeed it would, but there is a most unfortunate precedent for such a failure, which you can read about here, at some length. To sum it up: in 2006 or so, two Bidens, James Biden (future VP’s brother) and our R. Hunter Biden (future VP’s son), wildly overpaid a drug-addicted very senior Moonie for a hedge fund marketing operation that was hugely exaggerating its size and success, and turned out to be distributing ponzis, including the giant Allen Stanford ponzi, second only to Madoff, and other eyecatching frauds, such as Ponta Negra, via a sales network that included brokers with visibly very terrible FINRA records.

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Which brings us, five years after the Paradigm scandal blew up, to R. Hunter Biden’s new job at Burisma Holdings, a company that has a mysterious past.

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The identification of Privat Group as the owner of Burisma, though unconfirmed, is logical enough. Privat Group is a conglomerate controlled by the ferocious Ukrainian oligarch Ihor Kolomoisky.

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One also still wonders how oil- and gas-rich those Burisma Holdings assets really are; they never amounted to much in the years 2003-2009; why are they so much better after another roll of the dice? R. Hunter Biden could always get the boss to call in a geologist, I suppose, in the name of transparency, and all. Is there new capital, provenance unknown? Or are there new permits, acquired under the deliriously corrupt Yanukovych regime? Or is there still nothing much to Burisma Holdings at all?

Complete story at - R. Hunter Biden Should Declare Who Really Owns His New Ukrainian Employer, Burisma Holdings | naked capitalism

The Farce Is Complete: Joe Biden's Son Joins Board Of Largest Ukraine Gas Producer | Zero Hedge

R. Hunter Biden will be in charge of the Holdings’ legal unit and will provide support for the Company among international organizations. On his new appointment, he commented: “Burisma’s track record of innovations and industry leadership in the field of natural gas means that it can be a strong driver of a strong economy in Ukraine. As a new member of the Board, I believe that my assistance in consulting the Company on matters of transparency, corporate governance and responsibility, international expansion and other priorities will contribute to the economy and benefit the people of Ukraine.”

The Chairman of the Board of Directors of Burisma Holdings, Mr. Alan Apter, noted: “The company’s strategy is aimed at the strongest concentration of professional staff and the introduction of best corporate practices, and we’re delighted that Mr. Biden is joining us to help us achieve these goals.”

R. Hunter Biden is a counsel to Boies, Schiller & Flexner LLP, a national law firm based in New York, USA, which served in cases including “Bush vs. Gore”, and “U.S. vs. Microsoft”. He is one of the co-founders and a managing partner of the investment advisory company Rosemont Seneca Partners, as well as chairman of the board of Rosemont Seneca Advisors. He is an Adjunct Professor at Georgetown University’s Masters Program in the School of Foreign Service.

Complete story at - The Farce Is Complete: Joe Biden's Son Joins Board Of Largest Ukraine Gas Producer | Zero Hedge