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...

 

 

Views: 193

Comment

You need to be a member of 12160 Social Network to add comments!

Join 12160 Social Network

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'

Comment by truth on June 15, 2012 at 10:19pm

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 .

Comment by truth on June 15, 2012 at 8:58pm

Click here to view full size

Comment by truth on June 15, 2012 at 8:21pm

http://2.bp.blogspot.com/_hT5a9DSXCmU/TD3f3muoKII/AAAAAAAABYU/mQTAJxv09TQ/s1600/War_for_oil.jpg

Comment by jim on June 15, 2012 at 7:50pm

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. : )

Comment by jim on June 15, 2012 at 7:03pm

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"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

tjdavis posted a video
13 hours ago
Burbia replied to Burbia's discussion Trump Receives Marching Orders
20 hours ago
Less Prone favorited Burbia's video
yesterday
Less Prone replied to Burbia's discussion Trump Receives Marching Orders
"Bullets can be effective in reinforcing ownership."
yesterday
Burbia posted a discussion

Trump Receives Marching Orders

Netanyahu has made 3 visits to the White house since Trump's second term as President of the United…See More
yesterday
Burbia commented on Burbia's video
Thumbnail

Ben Shapiro Just LOST HIS MIND — There's No Coming Back From This

"Omg. The Ben Shapiro voice that Luke is imitating here couldn't be any more comedic to…"
yesterday
Burbia posted a video

Ben Shapiro Just LOST HIS MIND — There's No Coming Back From This

Get the magnesium your body needs - https://wearechange.shop/product/magnesium-glycinate/Ben Shapiro Just LOST HIS MIND — There's No Coming Back From ThisHig...
yesterday
cheeki kea posted photos
Tuesday
Doc Vega posted blog posts
Monday
Burbia posted a video

A few reasons I don’t like jews. It’s not complicated.

These are the reasons I became antisemitic. It’s not complicated. Sure, I could go on for days, weeks, months outlining everything, but I don’t need to. This...
Monday
Doc Vega commented on Doc Vega's blog post Unusual Discoveries and Headlines
"Less Prone, Thanks Buddy! I'd like to volunteer as a historical reconstructionist! "
Sunday
Less Prone left a comment for t.me/TheIntelligenceLibrary
"Welcome to a revolutionary concept in public communication, the truth."
Sunday
pohonemas33 team is now a member of 12160 Social Network
Sunday
Less Prone favorited cheeki kea's discussion Tartaria
Sunday
tjdavis's 2 blog posts were featured
Sunday
Doc Vega's 7 blog posts were featured
Sunday
Less Prone commented on Doc Vega's blog post Unusual Discoveries and Headlines
"Some incredible pieces of history!"
Sunday
Less Prone favorited Doc Vega's blog post Unusual Discoveries and Headlines
Sunday
tjdavis posted a blog post
Sunday
Doc Vega posted a blog post

First Week of July 1947 an Inflexion Point for Humanity!

The year is 1947 and sometime around July 4th the anniversary of the birth our nation, when a…See More
Saturday

© 2025   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted