Guess who we will attack next:
BP Announces that Venezuela Now Have the Largest Oil Reserves in th...
BP has just released its annual Statistical Review of World Energy in which it claims that Venezuela now holds the largest proven oil reserves in the world, overtaking the original leader Saudi Arabia.
The South American nation’s oil deposits were increased from last year’s figure to an estimated at 296.5 billion barrels, more than Saudi Arabia’s 265.4 billion barrels.
Global reserves have been increased by 1.9 percent from last year’s 1.62 trillion barrels to 1.65 trillion. Robert Wine, a spokesman from BP, explained that the reason for the revisions is that BP’s review is published in June, before most countries issue their annual reserve figures.
Last year’s average oil price was also at record levels which meant that lots of hard-to-reach oil deposits became commercially viable. North Sea Brent crude oil, a general benchmark for most of the world’s oil, averaged $107.38 a barrel in 2011.
Oil reserves in Venezuela now account for about 17.9 precent of the world’s oil; Saudi Arabia hold 16.1 percent; whilst Canada are third with 10.6 percent.
The Venezuelan president Hugo Chavez yesterday released plans that promise he will more than double the countries oil production capacity by 2019, if re-elected in October.
All of BP’s estimates were calculated from a combination of official sources, OPEC data, and other third party estimates.
By. Charles Kennedy of Oilprice.com
Tags: SOUTH AMERICA
http://oilprice.com/Latest-Energy-News/World-News/BP-Announces-that...
Comment
-
Comment by jim on June 16, 2012 at 1:38pm
-
America always played him as the bad guy, he's not the same goes for molar gadaffi the reason they are "BAD MEN" is because they have something we want. nothing else a little research and the truth will reveal it's self. You say it enough times people will believe it.
These men aren’t out to get your daughters they aren’t waging war on every country "WE ARE" we are the bad guys like it or not.
I say leave these people alone until they make the first move. it's to late for Libya tell me when was the last time a " BAD GUY" offered help when we were on our knees? this man offered help twice and both times turned down by our beloved president.
-
Comment by truth on June 15, 2012 at 10:42pm
-
I bet, he is 'In someone's pocket'
-
-
Just a little photoshop fun :) Many may say the people's lives have improved under his years in power. Yet he remains a dictator in my eyes. There is no other government but Hugo, with legislation counter to his power ignored or over ruled .
-
-
-
-
-
-
LOL..... yeah, they could slime us to extinction or even keep us from putting it in our cars then we will forced to walk to where we need to go. The bastards these terrorist must be stopped. : )
-
-
damn right,
Builderburg even said that this will be done. so, here we go what BP wants BP gets
obama's NEW war
-
Comment by Central Scrutinizer on June 15, 2012 at 7:00pm
-
OK boys, tropic suit up....
"Destroying the New World Order"
THANK YOU FOR SUPPORTING THE SITE!
Latest Activity
- Top News
- Everything
What They Told Us About Health and Now it’s Completely Reversed?
Remember growing up that they told us all of these rules of thumb when it came to your…See More
G99Gt39XEAAyu6Y
"Judges with bad judgement should be working somewhere else. When political affiliation surpasses…"
"Less Prone, this Carlos guy has a unique artistic approach but it's not proof. There's…"
KILL THE MESSENGER - Hero Journalist Featurette - In Theaters Friday
In this featurette “Gary Webb: Hero Journalist,” Jeremy Renner (Webb), director Michael Cuesta, Sue Webb and others explore the real man, investigative journ...
"Yes. One of their functions is distraction, but they also bring chaos and crime and change…"
A Masterclass Is Being Played Out For Those Who Have The Eyes To See
A question can be asked, why do Jews want a multicultural community in a host society? It is to…See More
City of Joel - Official Trailer
Now Available on Digital - http://bit.ly/2uxDibn50 miles north of New York City, the town of Monroe is a microcosm for a hyper-partisan and divided nation as...
"Less Prone excellent points and I've seen that video too. Very informative! "
"Less Prone thanks for your support! "
© 2026 Created by truth.
Powered by
You need to be a member of 12160 Social Network to add comments!
Join 12160 Social Network