Who is the major supplier of crude oil to the U.S.???

[knapplc]

We are also your largest supplier of water, electricity, wood, minerals and beaver pelts.....and yet you still vote against Gretzky, how's that for gratitude

I think that was A) more a vote against HOCKEY than Gretz and B) just a way to rib you and the rest of the Canadians at the Cafe. It's all in fun.

[Chrisy Moltisanti]

Excluding Canada and amongst all countries the US obtains oil from, who has the largest reserves?

[Coppermine]

Excluding Canada and amongst all countries the US obtains oil from, who has the largest reserves?

Saudi Arabia, by far. In fact, Canada is ranked 19th in the world in oil reserves.

Rank Country Billion barrels
1 Saudi Arabia 265.3
2 Iraq 115
3 Kuwait 98.8
4 Iran 96.4
5 United Arab Emirates 62.8
6 Russia 54.3
7 Venezuela 47.6
8 China 30.6
9 Libya 30
10 Mexico 26.9
11 Nigeria 24.1
12 United States 22
13 Algeria 12.7
14 Norway 10.1
15 Indonesia 9.7
16 Angola 9
17 Brazil 8.5
18 Oman 5.8
19 Canada 5.6
19 Qatar 5.6

http://www.aneki.com/oil.html

[Chrisy Moltisanti]

Excluding Canada and amongst all countries the US obtains oil from, who has the largest reserves?

Saudi Arabia, by far. In fact, Canada is ranked 19th in the world in oil reserves.

Rank Country Billion barrels
1 Saudi Arabia 265.3
2 Iraq 115
3 Kuwait 98.8
4 Iran 96.4
5 United Arab Emirates 62.8
6 Russia 54.3
7 Venezuela 47.6
8 China 30.6
9 Libya 30
10 Mexico 26.9
11 Nigeria 24.1
12 United States 22
13 Algeria 12.7
14 Norway 10.1
15 Indonesia 9.7
16 Angola 9
17 Brazil 8.5
18 Oman 5.8
19 Canada 5.6
19 Qatar 5.6

http://www.aneki.com/oil.html

I wasn't clear enough with my question.

I mean who has the most oil in the ground.

[Coppermine]

I wasn't clear enough with my question.

I mean who has the most oil in the ground.

Apparently the answer is Kazakhstan: http://www.hubbertpeak.com/caspian/kazakhstan/





Of course you could always believe the conpiracy theorists...
http://www.stansberryonline.com/OIL/200 ... e=XOILG568

[WhiteHot]

Saudi Arabia, by far. In fact, Canada is ranked 19th in the world in oil reserves.

I have Canada as #2. Mostly because of the Oil Sands.

http://www.infoplease.com/ipa/A0872964.html

[Coppermine]

Saudi Arabia, by far. In fact, Canada is ranked 19th in the world in oil reserves.

I have Canada as #2. Mostly because of the Oil Sands.

http://www.infoplease.com/ipa/A0872964.html

It was a misunderstanding; I thought he meant strategic oil reserves and he meant untapped oil reserves.

[Chrisy Moltisanti]

I wasn't clear enough with my question.

I mean who has the most oil in the ground.

Apparently the answer is Kazakhstan: http://www.hubbertpeak.com/caspian/kazakhstan/





Of course you could always believe the conpiracy theorists...
http://www.stansberryonline.com/OIL/200 ... e=XOILG568

I just did a bunch of research on the subject and came up with these conclusions:

Nobody really knows how much oil anyone has access to. Why? Because for some it's profitable to keep the info secret, in other cases certain areas haven't been prospected and in others we don't have the means to get an accurate prediction. Also, "oil reserves" are not gauges of how much actually exists, but what can be had at an efficient cost.

USA:

The United States has the largest known concentration of oil shale in the world, according to the Bureau of Land Management and holds an estimated 800 gigabarrels of recoverable oil, enough to meet U.S. demand for oil at current levels for 110 years.

Saudi Arabia: 700 billion bbl current known potential, 900 billion projected potential by 2025 as the Rub' al Khali desert region, the northern basin (along the border with Iraq) and the offshore Red Sea Basin do not have a potential projection yet.

Canada: Doesn't have much oil, but has a lot of stuff which can be used nearly the same as oil. 1.8 trillion bbl potential.

Russia: Probably has the most. They don't share much info.

Oil reserves refer to portions of oil in place that are recoverable under economic constraints. In comparison, oil in place, or STOOIP, meaning "Stock Tank Oil Original In Place", represents all of the liquid hydrocarbon contained in a reservoir.

Oil in the ground is not a reserve unless it is economically recoverable, since as the oil is extracted, the cost of recovery increases incrementally. The recovery factor (RF) is the percentage of STOOIP which is economically recoverable under a given set of conditions.

Reserves = STOOIP * RF

Proven, probable and possible reserves are the three most common categories of reserves. They represent the certainty that a reserve exists based on the geologic and engineering data and interpretation for a given location.

* Proven Reserves - defined as oil and gas "Reasonably Certain" to be producible using current technology at current prices, with current commercial terms and government consent- also known in the industry as 1P. Some Industry specialists refer to this as P90 - i.e having a 90 % certainty of being produced
* Probable Reserves - defined as oil and gas "Reasonably Probable" of being produced using current or likely technology at current prices, with current commercial terms and government consent - Some Industry specialists refer to this as P50 - i.e having a 50 % certainty of being produced. - This is also known in the industry as 2P or Proven plus probable
* Possible Reserves - i.e "having a chance of being developed under favorable circumstances" - Some Industry specialists refer to this as P10 - i.e having a 10 % certainty of being produced. - This is also known in the industry as 3P or Proven plus probable plus possible

Read this:

http://www.radford.edu/~wkovarik/oil/3u ... ional.html

[knapplc]

How much or how little oil the world has available will become irrelevant in the next two decades. We're already seeing the effects of our continued use of fossil fuels on the environment. If we're still using fossil fuels at current rates or accelerated rates in twenty to thirty years, the amount of crude oil in the ground in any particular country is going to be the least of our worries.

[Chrisy Moltisanti]

Gigabarrel = 1 billions barrels

One metric ton of crude oil equals:

* 2,204 pounds
* 7.46 barrels of domestic crude oil
* 6.99 barrels of foreign crude oil

Russian Oil estimates estimates [Granberg et al., 1993; Malovitski et al., 1994] :

Potential recoverable hydrocarbon resources of the Russian continental shelves are estimated within 90 to 100 billion tons of oil equivalent.

95*7.46 = about 700 billion potential bbls in Russian continental shelves (this does not account for all of Russia, much of Russia has not been prospected)