Venezuela’s Whopping Oil Reserves
A new assessment by the U.S. Geological Survey says that Venezuela's oil reserves could be double those of Saudi Arabia, a finding that could significantly alter the world's geopolitical stage and crude oil market.
A new assessment by the U.S. Geological Survey says that Venezuela’s oil reserves could be double those of Saudi Arabia, a finding that could significantly alter the world’s geopolitical stage and crude oil market. –JCL
Your support matters…The BBC:
A new US assessment of Venezuela’s oil reserves could give the country double the supplies of Saudi Arabia.
Scientists working for the US Geological Survey say Venezuela’s Orinoco belt region holds twice as much petroleum as previously thought.
The geologists estimate the area could yield more than 500bn barrels of crude oil.
This assessment is far more optimistic than even the best case scenario put forward by President Hugo Chavez.
Independent journalism is under threat and overshadowed by heavily funded mainstream media.
You can help level the playing field. Become a member.
Your tax-deductible contribution keeps us digging beneath the headlines to give you thought-provoking, investigative reporting and analysis that unearths what's really happening- without compromise.
Give today to support our courageous, independent journalists.
The economic pain caused by the coronavirus becomes more painfully clear.
The viral outbreak is threatening to crimp worldwide economic growth and hurt profits and revenue for a wide range of businesses.
The three major indexes set more record highs than in 2018 and kept the longest bull market for stocks going.
The former Fed chairman’s obituaries leave out how his policies devastated lives in the 1980s and underwrote the 2008 financial crisis.
Attendance at last year's investment forum was overshadowed by the assassination of Washington Post columnist Jamal Khashoggi.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.