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$100 PER BARREL.
THIS OIL IS GOING TO FINISH WITHIN 10 TO 50 YEARS?
US GOVERNMENT IS WILLING TO GIVE US$ 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.
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
- jack wLv 61 decade agoFavorite Answer
The United States has more oil in reserves than Saudi Arabia.
If only some members of Congress - one particular party -would allow access to the oil - but no, their false environmental logic keeps the nation dependent on foreign supply. Wonder why?
- 1 decade ago
I agree with jack..and just to add to that the environmentalists are keeping us from drilling in certain places in Alaska where there is suppost to be enough oil to last the U.S. another 50-100 years+the oil we alrady have reserved...there is no reason to be dependent on other countries for oil...If we simply used what we have here the gas and oil prices would be cut in half!!!
- kennanLv 43 years ago
at the same time as i'm never a lefty in terms of financial duty, you're speaking political ideaology, which has one fact: make the different guy look undesirable. this finished "capability" stuff is used to lie to human beings. there is sufficient oil in Alaska ANWR to gas the U. S. for....5 years if shall we even get all of it out of the floor, on the cost we eat it. 5 years? How do they calculate 200 years, because of the fact intake fluctuates and has tended to upward thrust? final, are you speaking approximately utilising fracking, which even with the actuality that still scientifically unproven, info from people who stay in those areas factors to poisoned groundwater? I advise, come on, you have have been given to be an entire moron to think of that pumping petroleum products into the floor to fracture the earth is going to bring about something different than poisoned aquifers. And in case you handed off to word any superfund web pages that had petroleum an infection, you would be attentive to the way lots money and attempt might desire to be spent attempting to clean up poisoned aquifers. The drilling industry eliminates their waste in a extra casual way than the nuclear industry, yet that they had all want you reside centred at the cheap gas. with the help of how, if the ND strengthen is so stable for us, how come my gas expenses only peaked at over $4/gallon? As yet another man or woman published, whats the frenzy to apply all of it up? we've 200 years so use all of it as rapid as feasible? does not that's extra valuable to apply a minimum of a few of that reserve to extra capability components that isn't bypass away us reliant on different countries as quickly as ours runs out?