Saudi arabia has 260 billion barel of oil reserve which is quarter of the world reserve?

saudi arabia has 260 billion oil reserve which is worth us$ 26 trillion dollars? SAUDI ARABIA HAS 260,000,000,000 BARREL OF OIL RESERVE UNDERGROUND. THESE OIL IS WORTH ABOUT US$ 26 TRILLION IF FIX ITTO US$100 PER BARREL. THIS OIL IS GOING TO FINISH WITHIN 10 TO 50 YEARS? US GOVERNMENT IS WILLING TO... show more saudi arabia has 260 billion oil reserve which is worth us$ 26 trillion dollars?


SAUDI ARABIA HAS 260,000,000,000 BARREL OF OIL RESERVE UNDERGROUND.

THESE OIL IS WORTH ABOUT US$ 26 TRILLION IF FIX ITTO US$100 PER BARREL.

THIS OIL IS GOING TO FINISH WITHIN 10 TO 50 YEARS?

US GOVERNMENT IS WILLING TO GIVE US$ 300 MILLION DOLLARS TO WHO EVER CAN PRODUCE A BATTERY THAT CAN LAST MUCH LONGER THEN CURRENT BATTERY WHICH HAS TO BE RECHARGE EVERY DAY.

THE WORLD OIL RESERVE IS ABOUT 1,137,000,000,000.

THE TOTAL VALUE IS US$ 100,137,000,000,000 OR US$ 100 TRILLION DOLLARS PRECISELY.

I STILL THINK THAT LITTLE ATOMIC REACTOR IS THE ANSWER TO OIL PROBLEM.

SO IT LOOK LIKE WESTING ELECTRIC COMPANY WILL BE THE LARGEST COMPANY IN THIS WORLD IF IT CAN SUPPLY ALL THE ENERGY NEED OF ALL NATIONS.

http://en.wikipedia.org/wiki/westin...
http://search.yahoo.com/search;_ylt...
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Summary of Reserve Data as of 2007 Country Reserves 1 Production 2 Reserve life 3
109 bbl 109 m3 106 bbl/d 103 m3/d years
Saudi Arabia 260 41 8.8 1,400 81
Canada 179 28.5 2.7 430 182
Iran 136 21.6 3.9 620 74
Iraq 115 18.3 3.7 590 101
Kuwait 99 15.7 2.5 400 108
United Arab Emirates 97 15.4 2.5 400 107
Venezuela 80 13 2.4 380 91
Russia 60 9.5 9.5 1,510 17
Libya 41.5 6.60 1.8 290 63
Nigeria 36.2 5.76 2.3 370 43
United States 21 3.3 4.9 780 12
Mexico 12 1.9 3.2 510 10
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