for decades, banning all activity relating to mineral resources other than scientific research .. the russian geological agency ross geo , has geological agency ross geo, has insisted that the surveys taking place to announce this discovery are simply of a scientific nature, but aren't experts right to see the concerning side to this? if putin proceeds well, i'm joined now by seb kennedy, the founding editor of energy flux news, so thank you very much for joining flux news, so thank you very much forjoining me this much for joining me this evening. seb putin has been carrying out scientific surveys and has discovered all this oil . and has discovered all this oil. if there's 500 billion barrels of oil, somebody's going to get it out, aren't they? >> well , are they really, jacob? >> well, are they really, jacob? i mean, let's let's think about this. first of all, this is a very high level, this. first of all, this is a very high level , speculative very high level, speculative estimate, which is subject to a great deal of further work before you can clarify exactly how much is he