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-   -   Countries with most oil reserves (http://www.insidehoops.com/forum/showthread.php?t=293716)

LamarOdom 03-18-2013 03:53 PM

Countries with most oil reserves
 
I just came over something I found quite interesting Venezuela has most oil reserves in the whole world with around 211,169 - 297,571 mmbbl depending on how much they're either first or second only trailing Saudi Arabia

Keep in mind that one barrel is 42 gallons which is a lot of fukcing oil.

What are they doing with it all and why are they not living the good life, the country only have 28 million citizens and with all this oil they should all be loaded, GDP per capita for the country is around 12,000.



http://en.wikipedia.org/wiki/List_of...n_oil_reserves

Another list of countries by oil production and they're down to 13th spot

http://en.wikipedia.org/wiki/List_of...oil_production

QuebecBaller 03-18-2013 03:59 PM

Re: Countries with most oil reserves
 
Canada is number 3 :banana: :banana: :banana:

Kungfro 03-18-2013 04:05 PM

Re: Countries with most oil reserves
 
Quote:

Originally Posted by QuebecBaller
Canada is number 3 :banana: :banana: :banana:


Alberta number 3

CeltsGarlic 03-18-2013 04:11 PM

Re: Countries with most oil reserves
 
Lithuania is 87!! Take that Latvia and Estonia!
Lol, Jk.

gigantes 03-18-2013 04:46 PM

Re: Countries with most oil reserves
 
Quote:

Originally Posted by LamarOdom
Keep in mind that one barrel is 42 gallons which is a lot of fukcing oil.

true dat, but also remember that it's only crude and has to go through an expensive refining process which wastes a portion of it before turning it in to a spectrum of different products, only a portion of which is petroleum or plastics-grade hydrocarbons.

also remember that the world treats petrol and plastics as completely disposable, so consumption is already enormous and only getting larger as 3rd-world countries 'become advanced'.

and if the arctic sea was a country, it might be #1 on that list.
or maybe it just straight blows OPEC away... i forget. :P

SevereUpInHere 03-18-2013 07:11 PM

Re: Countries with most oil reserves
 
This isn't obviously confirmed 100% yet, but we could possibly be a big player with this recent find.

http://www.adelaidenow.com.au/news/s...-1226560401043



Qwyjibo 03-18-2013 07:41 PM

Re: Countries with most oil reserves
 
Looks like a list of countries that are going to be needing some more "freedom" soon.

Nick Young 03-18-2013 07:46 PM

Re: Countries with most oil reserves
 
Venezuelans are living the good life compared to most South Americans.

Nick Young 03-18-2013 07:48 PM

Re: Countries with most oil reserves
 
Quote:

Originally Posted by Qwyjibo
Looks like a list of countries that are going to be needing some more "freedom" soon.

Can't wait til we free Canada:rockon: :rockon: :rockon:

Blue&Orange 03-18-2013 08:23 PM

Re: Countries with most oil reserves
 
Quote:

Originally Posted by LamarOdom
What are they doing with it all and why are they not living the good life, the country only have 28 million citizens and with all this oil they should all be loaded, GDP per capita for the country is around 12,000.

Normally it's private oil companies making money. Before hugo chavez, the private companies where almost getting venezuela oil for free.

http://larouchepac.com/node/22398

Quote:

Repsol had "stripped" YPF, failed to invest, produce or explore, using the company, as even the Financial Times admitted today, as a "cash cow" to produce funds that would be invested outside of Argentina. "Had this policy of looting, no production, no exploration continued...we would have become an unviable country, not due to lack of resources, but to business practices" and finance, Fernandez said. She documented that Repsol's "business" model meant that in 2011, for the first time in 17 years, Argentina was forced to import oil and gas, to the tune of $9 billion, despite possessing plentiful resources.
lol yes capitalism is really good.

IamRAMBO24 03-18-2013 09:07 PM

Re: Countries with most oil reserves
 
OPEC is not a country.

" Give us control of oil, and we will give you control of the world" - OPEC's promise to the US and UN.

LamarOdom 03-18-2013 09:09 PM

Re: Countries with most oil reserves
 
Quote:

Originally Posted by Blue&Orange
Normally it's private oil companies making money. Before hugo chavez, the private companies where almost getting venezuela oil for free.

http://larouchepac.com/node/22398


lol yes capitalism is really good.


Why is that any bad? if you own the area where the oil is situated then the oil is yours or maybe oceans doesn't count? I don't know.

Anyway to get that much oil you need damn many employers and they're gonna pay tax and they're gonna spend etc.

So having the oil companies privatized isn't necessarily a bad thing.

Balla_Status 03-18-2013 09:12 PM

Re: Countries with most oil reserves
 
Quote:

Originally Posted by LamarOdom
Why is that any bad? if you own the land where the oil is situated then the oil is yours or maybe oceans doesn't count? I don't know.

Anyway to get that much oil you need damn many employers and they're gonna pay tax and they're gonna spend etc.

So having the oil companies privatized isn't necessarily a bad thing.


Their oil production is low because the government is in charge so they have nearly the talented individuals and necessary technology to bring the oil and gas online.

DCL 03-19-2013 01:11 AM

Re: Countries with most oil reserves
 
Quote:

Originally Posted by Nick Young
Venezuelans are living the good life compared to most South Americans.



how good? have you seen their slums?

http://www.youtube.com/watch?v=P4RWXzW0Ebg

BRabbiT 03-19-2013 01:13 AM

Re: Countries with most oil reserves
 
Quote:

Originally Posted by Qwyjibo
Looks like a list of countries that are going to be needing some more "freedom" soon.



:lol


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