Top ten countries with the world’s largest oil reserves in 2019

Here we take a look at the countries around the world with the largest proven oil reserves, with countries such as Venezuela and Saudi Arabia topping the list

Since the emergence of oil industry in mid-nineteenth century, the energy source has offered a bountiful supply of power, triggered wars and reshaped geopolitics with various countries competing to control the largest-known reserves.

It has been used as fuel for transport, to generate electricity to light homes, run factories and machines, as a raw material for fertiliser and an ingredient to produce plastics used all over the world.

According to the BP Statistical Review of World Energy 2020, the world’s total proved oil reserves were measured at more than 1.73 trillion barrels, as of the end of 2019.

More than 95 million barrels per day were produced globally in 2019, with the US, Saudi Arabia and Russia among the world’s top oil-producing countries.

Here, NS Energy profiles the top ten countries that are home to the biggest-known reserves.

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https://www.nsenergybusiness.com/features/newstop-ten-countries-with-worlds-largest-oil-reserves-5793487/#:

Its mindboggling isnt it.....
I just posted a comment about how Australia is going to spend
10 billion dollars on a sub base...
Yet in Western Australia, we have billions of barrels of oil waiting
under the ground to be brought up...
Why dont they...
Well...because oil refineries in Australia are closing down due to
their age and cost of refurbishing...at the moment I think we only
have two left...
Instead our government prefers to buy crude from overseas and
charge us almost two bucks a litre at the bowser....
Of course the excise we pay is a valuable tax which makes up to 70%
of that two bucks...
Meanwhile, the government is closing down all coal fired power
stations in their push towards carbon neutral targets by 2050...
They are gradually wiping out all oil, gas and coal pollution...
Makes you wonder what the real agenda is doesnt it....
But I digress....