Blue to the bone
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Sun Mar-06-05 08:00 PM
Response to Reply #62 |
67. I've heard Venezuela has the 4th largest reserves in the world... |
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Edited on Sun Mar-06-05 08:02 PM by Blue to the bone
....having said that, I don't know if that's recoverable reserves or just proven reserves, as there's a huge difference between what's in the ground and what can be extracted economically.
So if Chavez is correct, and they have the largest proven reserves, then the number I've used is probably an estimate for recoverable reserves. Of course, that number depends on the market price of a barrel of oil.
I think the leaders are Saudia Arabia, Kuwait, Russia, and then Venezuela.
Then again, I could be all wet. I'm often wrong.
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