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Discussion - Energy > Oil reserves

These are comments that our moderators found as non-authoritative though possibly interesting for further discussion on Energy > Oil reserves


COMMENTARY     

Ogbe Innocent
18th February 2013
A concise detail of world crude oil reserves
Danny
18th December 2012
Well,as Jose post in his comment on July 25 last year 2011,two days ago a eared on the radio, that Venezuela is the country with the greatest oil reserve in the world.
Paulie
24th November 2012
Cameroon's oil reserves are more than 400 million; and should therefore not be below Malaysia on this list
American Romance
10th June 2012
These may change rapidly, horizontal drilling has opened vast reserves in the United States, wells that use to produce only 30 barrels a day are now producing 400, something to think about
Tsedenbaljir
12th February 2012
Mongolia has proven oil reserves 1,835,607,000 barrels,
Please, update Mongolia
Zoran
31st August 2011
There are rumors that Macedonia has wast oil reserves, but strategically there is no work on its oil fields now.
Grant
5th August 2011
Here's an info graphic based on EIA data that shows world oil reserves and their lifespan (at current production rates). Pretty interesting - http://bit.ly/r2l7UJ
Jose
25th July 2011
Venezuela has the largest oil reserves in the world, please update it
Tim
26th May 2011
Fuller( if you make oil in the lab according to nature lawas
it will cost 1 million dollar a gallon); Fuller though we should save it for contingency- we shold use our sun income.

as we becoming global- we could all have good standard of living - to do that through design revolution.
why wast the 1 million dollar to drive to a job to make
100 or 200 dollar-

95% of production doen by automation/ 5% is propaganda about
getting jobs because of ideology-
in order for america to compete with china america has to give 50 million of its citizen scholarship for the rest of their lives- 1 in 100,000 will come up with somthing that pays of the 100,000-

and american has to go complete automation-
in 2020 china will have 100 million who will be travelling.
today 10 million are travelling-
they are moving fast-

if china becomes rich by 2040- then
we will be entring the age of plenty-
which will eliminate war-
chinmay
27th April 2011
Can any one advice me on these figures? Are these numbers are proven convention reserves? or it includes unconventional? can you give me proven & conventional oil reserve data? if possible for sweet crude- because that is very important - after that the real worl economy will react & real fun wil start - but i belive that is not possible- even realistical estimate would help !! - pls. advice- chinmayoza@hotmail.com - thanks in advance!
zishan
11th March 2011
Iraq sunni majority has second largest oil reserves..
nicholas silvestre
6th March 2011
i'm having my day when reserves run to america and you should neither and thats because quwait is part of iraq now wait who cares. nicholas silvestre
Tony
5th March 2011
thank you for this information it really helped with my yr 12 final. However a lot of comments seem to be requesting updates, i find this odd as it clearly states its source which was published in 2005, these statistics are from 2005. They are not going to be currently accurate. So there is no need to complain. Thanks again
K Burch in Yucaipa
25th February 2011
Was really hoping for better stats here. Kudos to the posters who seem to be brighter than the experts (so called). Canada and the US have proven reserves that at the current rate of consumption could supply the planet for the next 2,000 yrs+. That's assuming Petrol Hydrocarbons are non biotic vs abiotic.Oh, and by the way, only the NWO fools in the US believe (or want you to)that oil is biotic. Must continue monetizing oil don't ya know.
mumuni
21st February 2011
Yes again a new well -Teak in the jubilee field offshore Ghana has been found to hold a sizeable amount of oil
Seth
20th February 2011
The US has a lot more than that, it's oil shale resever alone is at or around 2 trillion barrels.
Joe in Toronto, Canada
9th February 2011
Saudi Arabia's oil reserves have been overstated by as much as 300 billion barrels.

Time to redo your stats.

http://edition.cnn.com/2011/WORLD/meast/02/09/saudi.arabia.wikileaks/?hpt=T2
David
31st January 2011
Just out of interest, Ive very little knowledge on this subject, but I noticed, Ireland = 0, we have oil/gas fields of the west coast, all be it privately owned, or am I mistaken?
Nuaman
25th January 2011
Is there any time frame that when these calculated reserviors will end.

Regards,

Nuaman
Richard
28th December 2010
With the latest price hikes and expected cost of $5.00 gal by 2012, doesn't this smack of an Enron move to control pricing and where are the watch dogs in our govt. and what are they doing
Douglas
25th November 2010
Where is Uganda? maybe up date the information, because according to Tullow oil British company have confirmed more than 1 billion ballons of crude oil in lake Albert. please include it on the list.
Alex
16th November 2010
Very helpful for my senior project. Thank you for this wonderful peace of information. Helped me to write one of the best paragraphs in my paper. Thank you
Donald McLeod
12th October 2010
Can I registger that the uk has stolen Scotland's oil and that the uk shoould be replaced with Scotland - where you stick the uk - who cares!

Donald McLeod, Inverness, Scotland, EU.
Simon Eriksson
28th September 2010
@Ian Graham, Staff Editor

Your post of 23rd February 2005 mentions total reserves of 687.44 billion barrels on the graph, yet the graph adds up to 1.349 trillion barrels. Has the stock of total global oil reserves really doubled from 2005 to 2010? Or have I misunderstood the figures?

On the basis of 2010 figures of reserves and consumption, how long will the current reserves last?
lupe
27th September 2010
I think that we are using to much oil and should find a different alternative.
Theman
1st September 2010
Where are Uganda and Ghana?
mike Alton
3rd August 2010
You may have to revise you figures for Ghana. The country has witnessed some of the best discoveries in recent times. It also important to note the discoveries are mostly oil fields and not just single oil wells. Jubilee oil field was about 1.8 billion and Owo-1 and hyenedua? are about 1.4 billion. You easily make those discoveries these days!
HAVEN
7th July 2010
If worldwide oil consumption dropped a little more than 10 percent, to 25 billion barrels per year, the oil reserves on this chart would last about three-and-a-half years longer.
In order to make these reserves last 100 years, worldwide oil consumption would have to be cut to 6.87 billion barrels per year, about 25 percent of 2002 consumption levels. That’s less than the United States alone consumed in 2002.
baghdad
5th June 2010
oh well iraq is supposed to have rank # 1 because we got to add up the iraqi oil plus the kuwaiti
kuwait was a piece of the iraq shit and we threw it out
baghdad
5th June 2010
oh well Iraq supposed to have rank # 1 because we got to add up the Iraqi oil and the Kuwaiti's
Kuwait was a piece of Iraqis and we threw it out
Steve
21st February 2010
Lets get our oil from the US, stop this and we could all put more $$$$ in the economy. We have plenty of it see here http://www.usgs.gov/newsroom/article.asp?ID=1911 Let us drill in our own backyard....jobs, economic growth... pay down our own debt.....make too much sense I guess
notmyname
18th January 2010
what year is this for
Thawat
22nd September 2009
Reserve figure might combine both oil and gas reserve altogether; i.e. Thailand case look almost 583 billion
Rashad
22nd September 2009
Is there a page for this by continent it's for a Global Studies
saman
2nd August 2009
Iraq now have more than 112 bbl
Anonymous (Anonymous)
19th April 2007
To Missy Gal (last post) shut the hell up. Jealous of middle east oil are we. I would love the oil supply to be cut off to the US.
Nick Court (Melksham, Wiltshire, U.K)
22nd July 2006
WHY DO YOU KEEP ADDING AND REMOVING MY PERFECTLY LEGITIMATE COMMENT FROM THIS PAGE?!
Guy (Houston, TX)
19th June 2006
What is sad about the oil in the middle eastern countries is you have governments that are spending billions of dollars on toy's, but they are not investing back into the country. All the countries of the world will drain the oil supplies and they will be left with no source of revenue. Their leaders have an opportunity to educate and position themselves in other activities that would help them transition when this occurs.

They are living in luxury right now, but mark my words. They are as blind to the fact they will run out of oil as many of our nations are blind to the fact that our fossil fuels are changing our clmate.
Nick Court (Melksham, Wiltshire, England)
20th May 2006
This is a great site, but it's annoying just how opinionated some of the users are. "Missy Gal" just epitomises the stereotypical arrogant and ignorant westerner. I'm British, but do I think of myself and my country as superior to Arab or Islamic states? No. My opinions are based on facts. Women in Islam are given just as many rights as men are. I have nothing against the Israeli's, but the truth is that Lebanon, Bahrain, Qatar and the United Arab Emirates all encompass state funded education, state funded healthcare and are far more developed. The only reason why other Arab states aren't, is because they have been under dictatorships for decades. Since when does it make sense to blame the people of a country for having done little with their territory when they have suffered from dictatorships? Beyond that, look at the global terrorism indicator statistic, and you will see that many none-Islamic countries, for example Sri-Lanka, Burundi, Liberia, Rwanda, Indonesia, India, and, though this particular statistic changes all the time, Colombia is also usually close to the top. Islamic counties are no more unstable than other countries. Christian fundamentalist groups such as the Lords Resistance Army, the Freedomites and the National Front for the Liberation of Triputura are worse that Islamic extremist groups.

If you think the people in our country are so tolerant, listen to the way people speak about foreigners. Get your facts right!
Nick Court (Melksham, Wiltshire)
2nd May 2006
And another thing. Bahrain is investing in renwable energy, and is making faster progress than Britain on environmental issues. The British shouldn't be so arrogant!
Nick Court (Melksham, Wiltshire, England)
30th April 2006
I live in Britain, but I happen to know that Qatar DOES provide free education AND helathcare for all people, and overall has done more with its territory than Israel. This is no exception, Bahrain is also a provider of education and other state benefits, as is Lebanon. (Before 1970, Lebanon was the most dveloped state in the middle east, famous for its financial services and tourism.)Beyond this, women in Islam are no more pressurised than men, are. You also said that the Arabs should stop waging wars against each other. Look at the global terrorism indicater and you will see, opinionated westerner as you are, that Buddhist countries such as Sri-Lanka are at the top, as well as African countries that have no connection with Islam. (For example Burundi, Rwanda, Liberia, Congo the Ivory Coast etc are at the top as well.) The Islamic countries that are at the top, such as Algeria, Afhganistan, Indonesia, Sudan etc, are there because they have internal problems with bad governments that need overthrowing by force. Another misconception you are in need of correcting.
Nic (Aberdeen)
19th April 2006
The list is simply wrong: where is the UK? 4.5 trillion barrels PROVED reserves (with as much as double than of PROBABLE and POSSIBLE reserves), and yet the UK doesn't appear anywhere!

Careless, careless careless!
Missy Gal
10th March 2006
Maybe in Qatar and other oil rich Arab countries you can provide some education for your women and allow them to advance.

The amount of oil you have isn't a measure of your greatness of your country. Alberta Canada has much more oil than what the statistics are showing.

Perhaps the US and other oil hungry countries can soon stop dealing altogether with unstable, Islamic countries for oil. They are already getting much of their oil from Alberta.

If all countries stopped dealing with Arab countries then you wouldn't have any money to fund terrorism now would you! You would be nothing again.

You would be still crawling around in the desert and sleeping in caves if you didn't discover oil. Now you are using your money to try to force the whole world to to convert to Islam and adopt your ways or else.

Why must we be tolerant of you if you refer to as infidels and wage stupid jihads or holy wars because we do not follow your religion and let you dictate us with your oil wealth.
jz
5th December 2005
yeah what happened to the us oil reserves
steven
20th November 2005
this chart lists the World Factbook as the source, but when you go to the actual World Factbook (http://www.cia.gov/cia/publications/factbook/rankorder/2178rank.html) the figures are different. Venezuela is the #7 country, Kazakhstan is #11, etc.
jessica
15th November 2005
I would also like to know the top ten oil companies, and also the top ten countries lacking, and who uses the most oil.
Observer
28th October 2005
Isn't it PECULIAR to notice that the TOP 4 OIL-PRODUCING COUNTRIES
(5 to include Venezuela) has been the INTEREST OF THE UNITED STATES for the past
several years?

Isn't it CLEAR that UNITED STATES has the MOTIVES to wage WAR against these
TOP 5 COUNTRIES? That is...TO CONTROL THEIR OIL.

These are only observations...based on oil facts.
Rebbeca Bellman
18th October 2005
Hi I would like to know what are the world's top ten oil companies?
Jockamicahammed
13th October 2005
Interesting point my dear Watson i enjoy oil its exhilarating, why dosent the Bonnie home land Scotland produce oil?
Aldosari
13th September 2005
Interesting how Qatar is always showing on top when it comes to Oil reserves, Natural gas reserves, etc..

I think we are the most rice(st) country ever.. :) Please update the GDP per capita for Qatar.. Its around $40,000 now
Juan Manuel Ram�rez
5th August 2005
Hey! And what happened with the United States' (aka "America") oil reserves in your charts? Or are these already included in Iraq's... Iraq, of course, now being a U.S. possession...
sabea
12th July 2005
i thought Canada is the worlds second oil reserve
Emilio
12th July 2005
Venezuela has even more oil than Saudi Arabia, if you take into account unconventional oil reserves, e.g. heavy oils. I don´t know why nationmaster omits Venezuela in all of its statistics...
Natasha Wilson, former resident of Ft. M
15th June 2005
Almost without exception, data presented in the North American media is grossly misleading when it comes to the world oil reserves. Firstly, the type of reserves being presented is generally not clear. Are they depicting Light Crude reserves, Recoverable reserves, Proven reserves? Nor is a definition of these different types given. While Saudi Arabia is usually presented as having the largest oil "reserves" in the world, nothing could be farther from the truth. Saudi has a very large light crude (easily recoverable) reserve. However their "reserve" pales in comparison to the reserves here in Canada. The Boreal Forest of northern Alberta, surrounding the city of Fort McMurray, covers the LARGEST oil reserve in the world. This reserve contains an estimated 2.4 trillion barrels of heavy crude. From which an estimated 300 million is deemed recoverable by current technology. However, a new processes called SAGD (Steam Assisted Gravity Drainage) is making previously thought unrecoverable oil accessible. I now live in Calgary, Alberta and work for an EPC company which is building a SAGD facility. As they say, necessity is the mother of invention, and if that continues to hold true, the world has nothing to worry about.
I recommend taking a look at a couple of web pages for more information.
http://www.gasandoil.com/goc/news/ntn20664.htm
http://www.kuro5hin.org/story/2003/4/20/201246/566
You may also wish to research information concerning Heavy crude, Syncrude, Suncor, SAGD oil recovery, and the history of GCOS (the Great Canadian Oil Sands).
Murray
3rd March 2005
Where does Canada stand regarding reserves of oil, petroleum reserves, including oil sands, natural gas ?
L.H.
7th February 2005
I find it rather interesting that our nation has waged war/exploited the countries which have the highest oil reserves...Just a thought.
W. Pace
4th December 2004
Your site provides some great information, but when I look at Total Oil Reserves by country, there are several nations missing that I know have among the highest reserves: Iraq, Canada, Kuwait, Mexico, etc. Such omissions bring the data in question for oil and other categories.
Timo
10th November 2004
Where is Iraq on the Map & Graph: Energy: Oil reserves (Top 100 Countries)? They should have the second biggest reserves in the world?

Please ansver my e-mail:
timo@hemminki.com

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