Crude oil reserves
From the geological point of view, there are two types of oil reservoirs. These types influence also the extraction methods, which have a great impact over the price of oil.
Oil in place is that type which contains the naturally massed oil. However, companies can't extract the full content of crude, also sometimes it is hard and very expensive to dig for it. Not every reservoir is placed near the crust of the earth and the finding of productive oil fields is even today a matter of luck and coincidence. Nowadays, the technical progress, the better and cheaper exploitation methods, can convert every deposit to a useful one. Still, there is a difference between the costs of the losing and the winning methods.
Extracting conventional oil is the easiest and it also goes cheaper and easier throughout the refining process. This oil is found near the crust of the earth, has a better density and viscosity gravity. To this type of oil counts the Brent crude or the WTI.The unconventional oils, while having a larger amount in deposit than conventional crude, are more complex to extract. The geological circumstances require specialized extraction technology and machines. Such unconventional oils you may find in oil sands, shales, coal-based and bitumen-based liquid supplies, under the oceans and at the Polar regions.
Although there are several statistics and charts about the oil reserves worldwide, it is a matter of fact, that many details do not fit the truth. For instance, there are a lot of unproven reserves. The proof of an oil reserve is based on the productivity, which has to be minimal of 90%. In cooperation with them, officially, the unproven reserves are not seen as useful in the present. Of course, under the principle of recoverable fields, they might be useful in the future.oil price
On the other hand, many states do not want to show their whole crude possessions, because of some more or less justified economical or political perspectives. Officially it is said that Saudi Arabia would have the greatest amount of oil, followed by Russia and Iran. But there is also Norway or the Unites States, which show a great number of refineries. Just look at the pictures below. You may see some differences, for instance the great amount in Canada, which sparely appears on the “Who has oil” chart. This is just one of the proofs, that the geological mentioned oil reserves often do not match the political and economical based statistics.
From the geological point of view, there are two types of oil reservoirs. These types influence also the extraction methods, which have a great impact over the price of oil.
Oil in place is that type which contains the naturally massed oil. However, companies can't extract the full content of crude, also sometimes it is hard and very expensive to dig for it. Not every reservoir is placed near the crust of the earth and the finding of productive oil fields is even today a matter of luck and coincidence. Nowadays, the technical progress, the better and cheaper exploitation methods, can convert every deposit to a useful one. Still, there is a difference between the costs of the losing and the winning methods.
Extracting conventional oil is the easiest and it also goes cheaper and easier throughout the refining process. This oil is found near the crust of the earth, has a better density and viscosity gravity. To this type of oil counts the Brent crude or the WTI.The unconventional oils, while having a larger amount in deposit than conventional crude, are more complex to extract. The geological circumstances require specialized extraction technology and machines. Such unconventional oils you may find in oil sands, shales, coal-based and bitumen-based liquid supplies, under the oceans and at the Polar regions.
Although there are several statistics and charts about the oil reserves worldwide, it is a matter of fact, that many details do not fit the truth. For instance, there are a lot of unproven reserves. The proof of an oil reserve is based on the productivity, which has to be minimal of 90%. In cooperation with them, officially, the unproven reserves are not seen as useful in the present. Of course, under the principle of recoverable fields, they might be useful in the future.oil price
On the other hand, many states do not want to show their whole crude possessions, because of some more or less justified economical or political perspectives. Officially it is said that Saudi Arabia would have the greatest amount of oil, followed by Russia and Iran. But there is also Norway or the Unites States, which show a great number of refineries. Just look at the pictures below. You may see some differences, for instance the great amount in Canada, which sparely appears on the “Who has oil” chart. This is just one of the proofs, that the geological mentioned oil reserves often do not match the political and economical based statistics.
More Huge Oil and Natural Gas Discoveries
More discoveries of large stores of both oil and natural gas. This happens all the time, yet hardly anyone hears about it. What difference does it make anyway? They can't drill it.
Remember that back in the 1990s the Clintons sent Russia $30b because they claimed only they had large stores of natural gas. Today we know we have more than they do. We have huge amounts of oil in shallow waters (20 to 40 miles off our coasts) and deeper ones 40-80 miles off shore.
No! We can't drill. But we send Brazil $2b to help them with their offshore drilling-that is blatant wealth transfer carried out right in front of the American people and most of them can't recognize it. Very sad. Oil Price
Note too that we've been running out of oil since the 1960s when Jerry Rubin and Abbie Hoffman began publishing a Marxist Weekly that they sent to hundreds of campuses across America. They had us running out of oil, land, water, and the air getting so bad that cock roaches couldn't breathe it. Florida wouldn't have been here the last thirty-five years according to them. Part of California should have been in the sea since before half the nation was born.
Doomsday preacher Hal Lindsey made a film called "The Late Great Planet Earth" in the early 1970s, in which he said the planet itself was in such bad shape that it could not last past 1980. Jimmy Carter said in 1976 that "world oil supplies could not last past the early 1980s."
The leader of the relentless Warming Pack, Albert Gore, has had the planet heating up to a boiling point for years, even though we just experienced another record-setting cold winter, so that the polar ice caps are as large today as
they were in the 1970s. Very few people know this because the Warmers run ABC, CBS, CNN, FOX, NBC, the History Channel, the Science Channel, the National Geographic Channel, PBS, and other similar ones that promote the Global Warming Hoax, and those channels are where most of us obtain information; in fact, all those Warmer outlets still use the strongly refuted phony weather stats fromthe IPCC.The Price of Oil
There is plenty of oil for years to come, and also coal, natural gas, and water. Next though, the Left will be restricting us from drinking our water. Don't you know they've discussed it when they were sitting around trying to figure out the next ambiguous bug to protect that no one has ever heard of so that we can't use our natural resources? Don't think they won't do it.
Remember that back in the 1990s the Clintons sent Russia $30b because they claimed only they had large stores of natural gas. Today we know we have more than they do. We have huge amounts of oil in shallow waters (20 to 40 miles off our coasts) and deeper ones 40-80 miles off shore.
No! We can't drill. But we send Brazil $2b to help them with their offshore drilling-that is blatant wealth transfer carried out right in front of the American people and most of them can't recognize it. Very sad. Oil Price
Note too that we've been running out of oil since the 1960s when Jerry Rubin and Abbie Hoffman began publishing a Marxist Weekly that they sent to hundreds of campuses across America. They had us running out of oil, land, water, and the air getting so bad that cock roaches couldn't breathe it. Florida wouldn't have been here the last thirty-five years according to them. Part of California should have been in the sea since before half the nation was born.
Doomsday preacher Hal Lindsey made a film called "The Late Great Planet Earth" in the early 1970s, in which he said the planet itself was in such bad shape that it could not last past 1980. Jimmy Carter said in 1976 that "world oil supplies could not last past the early 1980s."
The leader of the relentless Warming Pack, Albert Gore, has had the planet heating up to a boiling point for years, even though we just experienced another record-setting cold winter, so that the polar ice caps are as large today as
they were in the 1970s. Very few people know this because the Warmers run ABC, CBS, CNN, FOX, NBC, the History Channel, the Science Channel, the National Geographic Channel, PBS, and other similar ones that promote the Global Warming Hoax, and those channels are where most of us obtain information; in fact, all those Warmer outlets still use the strongly refuted phony weather stats fromthe IPCC.The Price of Oil
There is plenty of oil for years to come, and also coal, natural gas, and water. Next though, the Left will be restricting us from drinking our water. Don't you know they've discussed it when they were sitting around trying to figure out the next ambiguous bug to protect that no one has ever heard of so that we can't use our natural resources? Don't think they won't do it.