To: Jim from C-Town
"Venezuela has some of the largest oil reserves on Earth."
A little over a third of all of the earthy oil that has been located and can be pumped--enough to provide the world with oil at the current rate of consumption for a little over 8 years. Except that oil will be increasingly more slowly produced and more expensive. ...something to think about for those who think.
35 posted on
06/19/2016 6:13:41 PM PDT by
familyop
("Welcome to Costco. I love you." --Costco greeter in the movie, "Idiocracy")
To: familyop
Based on current knowledge, but the ability to locate oil has improved when economics have forced the issue.
Right now the Middle East is king of practical oil output. Russia may be close on its heels, though.
39 posted on
06/19/2016 6:17:39 PM PDT by
HiTech RedNeck
(Embrace the Lion of Judah and He will roar for you and teach you to roar too. See my page.)
To: familyop; thackney
A little over a third of all of the earthy oil that has been located and can be pumped--enough to provide the world with oil at the current rate of consumption for a little over 8 years. Except that oil will be increasingly more slowly produced and more expensive. ...something to think about for those who think.Fracking greatly increases that amount.
Todd, educate this man.
61 posted on
06/19/2016 7:10:57 PM PDT by
Lazamataz
(Hillary: "Weapons of war have no place on our streets."... Laz: "Muslims are weapons of war.")
To: familyop
So you are saying we have 24 years of oil? Do you realize how many times that has been said and starting when?
102 posted on
06/20/2016 4:34:34 AM PDT by
wastoute
(Government cannot redistribute wealth. Government can only redistribute poverty.)
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