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...

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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

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

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