Does anyone know who owns which percentage of oil reserves in the world?
Thanks
2007-01-01 19:10:22 · 9 answers · asked by urbanrt 3 in Social Science ➔ Economics
Saudi Arabia has the largest reserves followed by Canada (although mostly in tar sands and difficult to extract) then comes Iran, Iraq, Nigeria, Kuwait, UAE, Venezula, Russia, Yemen. All these "big oil" countries have national oil companies, so although they let international oil companies like Exxon, Shell, etc drill and produce, this is mainly done so the companies bring in money, infrastructure, refineries etc, all the fields are only leased out and after a specified amount of time goes back to the national oil companies.
2007-01-01 19:23:26 · answer #1 · answered by Anonymous · 2⤊ 0⤋
We got the most. The USA has HUGE "strategic reserves" which we haven't even touched yet. In fact we even buy oil and pump it INTO the strategic reserves. All these fields are on land.
We will not use this oil until we done used up everybody elses.
PS my current ve-hicle is a Dodge Ram.
2007-01-02 04:28:00 · answer #2 · answered by Not Ecky Boy 6 · 0⤊ 2⤋
Saudi Arabia
2007-01-02 03:49:30 · answer #3 · answered by Anonymous · 0⤊ 0⤋
all i can tell you for certain is the bad guys have most of the worlds oil reserve
2007-01-02 05:13:49 · answer #4 · answered by satyamail_01 1 · 0⤊ 0⤋
Does not really matter who owns then the sad but truthful fact is they are running out. Google Peak Oil.
2007-01-02 03:41:35 · answer #5 · answered by Anonymous · 0⤊ 0⤋
No but probably in the Middle Ease or Russia
2007-01-02 03:40:42 · answer #6 · answered by Anonymous · 0⤊ 0⤋
think Nick is right. Russia is one of the biggest in gas.
2007-01-02 03:28:50 · answer #7 · answered by wild_eep 6 · 0⤊ 0⤋
USA, CHINA, EUROPE
and us in everything usings everyday each time
2007-01-03 08:57:06 · answer #8 · answered by Wonderbra23 1 · 0⤊ 0⤋
russia has the most
2007-01-02 03:18:06 · answer #9 · answered by chav69 5 · 0⤊ 1⤋