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Top PROVEN OIL RESERVES IN THE WORLD.
(In Barrels)
Data Up Through 2005
NR = Not Reported.
Saudi Arabia.
262, 700, 000, 000
Canada.
178, 900, 000, 000
Iran.
133, 300, 000, 000
Iraq.
112, 500, 000, 000
Venezuela.
75, 590, 000, 000
Russia.
69, 000, 000, 000
Libya.
40, 000, 000, 000
Mexico.
33, 310, 000, 000
United States of America.
22, 450, 000, 000
China.
18, 260, 000, 000
Brazil.
15, 120, 000, 000
Norway.
9, 859, 000, 000
India.
5, 700, 000, 000
Indonesia.
4, 600, 000, 000
Great Britain.
4, 500, 000, 000
Australia.
3, 664, 000, 000
Argentina.
2, 950, 000, 000
Egypt.
2, 700, 000, 000
Syria.
2, 500, 000, 000
Italy.
586, 600, 000
Thailand.
583, 000, 000
Germany.
395, 800, 000
Ukraine.
395, 000, 000
Pakistan.
341, 800, 000
Turkey.
288, 400, 000
Philippines.
152, 000, 000
France.
144, 300, 000
Poland.
142, 400, 000
Japan.
29, 290, 000
Spain.
10, 500, 000
Greece.
4, 500, 000
Taiwan.
2, 900, 000
Israel.
1, 920, 000
Lebanon.
NR.
Sweden.
NR.
Afghanistan.
0
South Korea.
NR.
North Korea.
NR.
Nepal.
NR
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[url]http://www.opec.org/library/Annual%20Statistical%20Bulletin/interactive/FileZ/ogdtbl.htm[/url]
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Thanks for the information Redondo, but.
Could you maybe edit your post so it doesn't take an entire forum page? And I see these are 2005 figures, you do know we are almost in 2008 right? I think Venezuela recently certified some deposits and has now climbed up that list at least to number 2 or 3 and when the certifications are finished it will probably be number 1.
Thanks,
Bad
This is a very interesting link.
[url]http://www.opec.org/library/Annual%20Statistical%20Bulletin/interactive/FileZ/oflows.htm[/url]
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[QUOTE=Redondo]Daneil Montamat, a former YPF CEO and an energy consultant is not so pessimistic but admits Argentina will have to import light crude to compensate for the excess heavy crude by 2008[/QUOTE]Now correct me if I am wrong, but by this statement I gather that Argentina is still pumping out enough petrol but, because of the fact it is pumping out increasing numbers of heavy crude that it does not have the capacity to refine at home, It might need to import some light crude to compensate in the future?
If you have read the links you yourself have provided, most of what you are saying is highly speculative and extremely debatable. It also sounds like this administration has had to try to clean up decades of mismanagement by previous administrations and some failed privatization policies. Now Kirchner has been in power since 2003 and he is expected to fix the GIANT " Cluster Fuck " of the previous couple of decades in 4 years? Damn.
I sure hope Kristina can fix things, she will inherit a few decades of mismanagement.
Bad
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[QUOTE=Badboy13]Thanks for the information Redondo, but.
And I see these are 2005 figures, you do know we are almost in 2008 right?
Thanks,[/QUOTE]You can do it better probally.
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[QUOTE=Redondo]There are still reserves, but it doesn't matter anyhow because they will never be used.[/QUOTE]That's an improvement: From "there is plenty of gas and oil" to "there are still reserves".
The point I want to make is not related to the oil reserves themselves, but to the fact that some people in this board are prone to exaggerate or tweak facts just to make their own points more appealing.
In any case, I appreciate your maturity. Other members would have immediately tagged me as commie, bad propaganda, Kirchner-ass-kisser or such.
Case closed from my side.
Andres
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"Proved reserves" is the smallest figure by far for oil and gas reserves. Actual recoverable resources are generally many times the proved reserves figure. There's more oil in the ground in ANWR, for example, than the entire proved reserves listed below for the entire United States. Fifty years ago the proved reserves of the United States were something like 22 billion barrels (don't remember the exact figure). Every year since then we've taken out something like 10% of the 1957 proved reserves of oil - five times what the proved reserves were 50 years ago. Do the math.
Argentina has plenty of oil and gas in the ground. However, it doesn't just magically well up from the earth and into the gas tanks of Porteno automobiles. It takes capital, know-how, and a stable business environment, none of which Argentina has. Therefore Argentina will leave most of its oil in the ground and will import oil from countries with better petroleum production infrastructures. Maybe the country can turn things around, but if Hillary Jr. is elected President, I doubt it.
Even though it has much more oil than Argentina, the oil production of Venezuela, for example, is dropping like a stone because that country too is in the midst of economic self-destruction.
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[QUOTE=Andres]That's an improvement: From "there is plenty of gas and oil" to "there are still reserves".
The point I want to make is not related to the oil reserves themselves, but to the fact that some people in this board are prone to exaggerate or tweak facts just to make their own points more appealing.
In any case, I appreciate your maturity. Other members would have immediately tagged me as commie, bad propaganda, Kirchner-ass-kisser or such.
Case closed from my side.
Andres[/QUOTE]When I said 'there is plenty' I meant of course the proven reserves. For me it's a pretty objective measurement of the oil and gas left.
I don't know how about the 'could be' figure but I don't think it's that much.
Argentina is not rich in minerals, unlike for example Chile (Copper) and Brasil (Iron-ore) and other then that Argentina lacks an investment-climate.
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Article in papers this morning pointed out that unemployment has fallen (again) under 10 % and the law regarding double indemity for firing workers or laying them off is supposed to be changed (it was implemented after the crash) however, gov't says they are going to keep the law for awhile.
Investment questions here in Arg. center around a lack of stabillity and constant change. Now this law is suposed to sunset and it doesn't. Another strange message to international investment.
I was going to open up a oil refinery but have decided to hold off.
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[QUOTE=Thomaso276]Article in papers this morning pointed out that unemployment has fallen (again) under 10 % and the law regarding double indemity for firing workers or laying them off is supposed to be changed (it was implemented after the crash) however, gov't says they are going to keep the law for awhile.[/QUOTE]Do you really believe that only 8% is unemployed?
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[QUOTE=Sidney]K fights, as if totally loco, about 2 paper mills in Uruguay (reputedly, AR could have had both mills according to a CNN source) Obviously, this does great damage to any foreign investment in S. A.[/QUOTE]He could of course also try:
1: To clean up Riochuelo and other chitty rivers.
2: Try to close down the 18 pulp mill plants Argentina have that pollute a lot more.
3: Convince his cabinet chief not to take a role at the board of the biggest client of Botnia.
4: Sell the 8% stake the Argentine state has in the project.
But hey, who am I?
