How Much & Where Is The World's Oil
When you are looking into oil and gas investing it is important to understand about the reserves of oil around the world. There are three classifications of reserves. Oil is all over the world but not all of it is even obtainable. This is very important information if you are interested in investing in any gas investments.
Proved oil reserves are claimed reserves that are verifiable. There are many techniques to verify that oil really exists and the certainty is at least 80%-90%. In order for a country to meet the definition of proven oil reserves for oil and gas investments they must have capital investment, have gas compression installed, and bring the oil as gas to the surface.
When you consider oil investments you also should understand the term of unproved reserves. This type of reserve is not proven and the confidence that the oil actually exists is only 50%. This means it is a possibility that the oil might exist. The unproved oil reserves are used for planning purposes and gas investments.
There are strategic petroleum reserves that are controlled primarily by the government.. Strategic reserves are not even counted when the number of nation's reserves is given.
There are over 1.4 billion barrels of oil in strategic reserves that are not counted by the nation today. The proved oil reserves in the Middle East is over 580 million barrels. South and Central America and Europe have just less than 100 thousand million barrels of oil. Asia has around 77 thousand million and the United States has less than 50 thousand million barrels of oil. South and Central America have the larges amount of oil that is not proven or it is not recoverable. The United States has almost 400 thousand million barrels of oil that is not recoverable also. Non-recoverable oil is a term you should be familiar with when it comes to oil and gas investing.
North America and the Asia Pacific have the least amount of verifiable and accessible oil in the World. However, North America has a lot of oil, it is said that it is not verifiable and it is not recoverable. The Middle East says to have almost 900 thousand millions barrels of oil with over 850 accessible. These numbers are important when you are considering oil investments.
Gas investments are tough to consider when you are looking at the different reserves around the world. You need to know which oil reserves are proven and which are not. In addition, you might not want to begin oil and gas investing if a business claims to be drilling in a location where the oil is not proven or it also shows to be not accessible. - 23212
Proved oil reserves are claimed reserves that are verifiable. There are many techniques to verify that oil really exists and the certainty is at least 80%-90%. In order for a country to meet the definition of proven oil reserves for oil and gas investments they must have capital investment, have gas compression installed, and bring the oil as gas to the surface.
When you consider oil investments you also should understand the term of unproved reserves. This type of reserve is not proven and the confidence that the oil actually exists is only 50%. This means it is a possibility that the oil might exist. The unproved oil reserves are used for planning purposes and gas investments.
There are strategic petroleum reserves that are controlled primarily by the government.. Strategic reserves are not even counted when the number of nation's reserves is given.
There are over 1.4 billion barrels of oil in strategic reserves that are not counted by the nation today. The proved oil reserves in the Middle East is over 580 million barrels. South and Central America and Europe have just less than 100 thousand million barrels of oil. Asia has around 77 thousand million and the United States has less than 50 thousand million barrels of oil. South and Central America have the larges amount of oil that is not proven or it is not recoverable. The United States has almost 400 thousand million barrels of oil that is not recoverable also. Non-recoverable oil is a term you should be familiar with when it comes to oil and gas investing.
North America and the Asia Pacific have the least amount of verifiable and accessible oil in the World. However, North America has a lot of oil, it is said that it is not verifiable and it is not recoverable. The Middle East says to have almost 900 thousand millions barrels of oil with over 850 accessible. These numbers are important when you are considering oil investments.
Gas investments are tough to consider when you are looking at the different reserves around the world. You need to know which oil reserves are proven and which are not. In addition, you might not want to begin oil and gas investing if a business claims to be drilling in a location where the oil is not proven or it also shows to be not accessible. - 23212
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posted by X - Men @ 5:49 AM
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