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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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    The United States exceeds Saudi Arabia's recoverable oil reserves

    Rocky
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    The United States exceeds Saudi Arabia's recoverable oil reserves Empty The United States exceeds Saudi Arabia's recoverable oil reserves

    Post by Rocky Wed Jun 20, 2018 3:17 pm

    The United States exceeds Saudi Arabia's recoverable oil reserves






    2018/06/20 16:08


    (Encyclopedia of this Day News | Iraq News ) - Live: United States surpassed Saudi Arabia in recoverable oil reserves, to the top of the global list in this regard.

    Potential or recoverable reserves are defined as existing and recoverable in the prevailing market price and current technological conditions.

    According to research by Restad Energy at the end of last week, the United States added about 50 million barrels in 2017 to reach recoverable reserves to an estimated 110 million barrels.

    Under these figures, the United States has a production capacity of oil equivalent to 79 years in the case of production at the same rates of the current time.

    Texas alone has more than 100 million barrels of oil reserves, 90 percent of which is rock oil.

    According to the data, out of a trillion barrels of oil not yet discovered, rock oil equivalent to up to 300 billion barrels, noting that 78% of the discovery of this oil will be in non-OPEC countries.

    On the level of oil discovered, Saudi Arabia is booming, with 246 billion barrels of oil discovered, more than 90 billion barrels more than what was discovered in the United States.

    As for the commercial reserve of oil, which means oil that has not been produced, it is 388 billion barrels, equivalent to 13 years of production, and OPEC producers keep 54% of it.



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