United States- 39,230 million barrels The oil reserves of the US soared to new heights in recent years due to increased usage of unconventional drilling methods that enable extraction of more shale oil and gas than was previously possible.
The real reason for the invasion, surely, is that Iraq has the second largest oil reserves in the world, very cheap to exploit, and is at the heart of the world's major hydrocarbon resources.
As reported previously, Venezuelan president first announced the‘Petro', a digital currency backed by Venezuela's massive oil reserves as a means to combat US sanctions and the financial blockade, earlier in December.
In truth, Washington's motivation is the fact that according to The Organization of the Petroleum Exporting Countries(OPEC)- Venezuela has the largest proven oil reserves on Earth- more than Saudi Arabia and accounting for nearly a quarter of all OPEC production.
In any case, the battle for Venezuela can also be seen as a failed attempt by the neocons(Khazarian mafia) to regain control of the international financial system by seizing the world's largest oil reserves.
Industry executives, analysts and investors told Bloomberg their analysis- based on oil reserves and cash flow projections under different tax scenarios- suggests Aramco is worth no more than half, and maybe as little as a fifth, of that amount.
The world's publicly owned energy companies- such as Saudi Aramco, Gazprom in Russia and Petrobras in Brazil, which together control about 90 percent of the world's total oil reserves- will take still larger hits to their revenues.
Notably, most of the rise in upstream volume is coming from increased natural gas production, as the technology to extract gas from shale rock has come into its own, while the state-run companies that control most of the world's known oil reserves limit drilling access.
In a first phase the Iranian currency should revalue, thanks to the export of raw materials, the country holds the fourth world's oil reserves and the third gas, and thus allow the flow of goods and services, also fine from abroad.
Meanwhile, a note between two British civil servants on 6 September 2004, headed“Energy strategy for Iraq”, highlighted that the UK was to take advantage of Iraq, which has some of the world's largest oil reserves.
A country with 16 per cent of the world's proven oil reserves, whose Saudi Aramco oil company makes more than $1 billion a day and now records a budget deficit of $100 billion, cannot pay its bills.
In a stark warning to Britain and the other Western powers, Dr Birol said that the market power of the very few oil-producing countries that hold substantial reserves of oil- mostly in the Middle East- would increase rapidly as the oil crisis begins to grip after 2010.”.
In the North River off even within the white town, has now set up four large reserves of food points, about 20 tons of grain reserves, about 2 tons of oil reserves, security of supply of other non-staple food products, cotton quilts and sufficient reserves..
A Venezuela governed by a stable political order able to produce wealth from its massive oil reserves- and dedicated to a multipolar alternative to Washington's current international order is intolerable for[Jew-ruled] Wall Street and Washington and explains the vast amount of time, energy, money, and resources the US has invested in destabilizing and overthrowing first President Hugo Chavez- with a coup attempt in 2002- and now President Maduro.
A Venezuela governed by a stable political order able to produce wealth from its massive oil reserves- and dedicated to a multipolar alternative to Washington's current international order is intolerable for Wall Street and Washington and explains the vast amount of time, energy, money, and resources the US has invested in destabilizing and overthrowing first President Hugo Chavez- with a coup attempt in 2002- and now President Maduro.
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