Comments on: Map of World Oil Reserves http://selfinvestors.com/tradingstocks/oil/map-of-world-oil-reserves/ ETF, IPO & Breakout Stocks Analysis, Tracking & Research Sat, 06 Aug 2011 03:46:02 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: A Latif http://selfinvestors.com/tradingstocks/oil/map-of-world-oil-reserves/comment-page-1/#comment-8071 A Latif Fri, 24 Oct 2008 05:34:35 +0000 http://selfinvestors.com/tradingstocks/oil/map-of-world-oil-reserves/#comment-8071 Hello there,prediction of 200$ a barrel has dashed down,it appears that before the selection of new american president there is a trend to diffuse the oil wealth the many countries which are not alleys of usa,have been gathering recently.But isnt it so that if oil price is high it is again usa which benefits the most.just would like your view,thanks. Hello there,prediction of 200$ a barrel has dashed down,it appears that before the selection of new american president there is a trend to diffuse the oil wealth the many countries which are not alleys of usa,have been gathering recently.But isnt it so that if oil price is high it is again usa which benefits the most.just would like your view,thanks.

]]> By: Tate Dwinnell http://selfinvestors.com/tradingstocks/oil/map-of-world-oil-reserves/comment-page-1/#comment-7350 Tate Dwinnell Fri, 18 Jul 2008 16:14:08 +0000 http://selfinvestors.com/tradingstocks/oil/map-of-world-oil-reserves/#comment-7350 Thanks for your import Tom.. I have read many articles that say that OPEC countries greatly exaggerate the amount of oil they have to maintain their standing in the world. .. I suppose the argument could be made for them wanting to underestimate in the short term to drive prices higher but eventually the supply demand balance will shift.. Thanks for your import Tom.. I have read many articles that say that OPEC countries greatly exaggerate the amount of oil they have to maintain their standing in the world. .. I suppose the argument could be made for them wanting to underestimate in the short term to drive prices higher but eventually the supply demand balance will shift..

]]> By: Tom Smith http://selfinvestors.com/tradingstocks/oil/map-of-world-oil-reserves/comment-page-1/#comment-7348 Tom Smith Thu, 17 Jul 2008 23:02:47 +0000 http://selfinvestors.com/tradingstocks/oil/map-of-world-oil-reserves/#comment-7348 They aren't. It says on the front page of that site, "Note: the map only indicates conventional oil because, with unconventional oils, the production rate is more important than the reserves (see Unconventional Oils) [explanation link: http://wolf.readinglitho.co.uk/subpages/uncoils.html]. It is misleading to directly compare a conventional oilfield in Saudi Arabia, for instance, with the tar sands fields in Canada." The page on unconventional oils basically says that the shale and sand oil reserves of Canada and the US are so awkward and inefficient to turn into synthetic crude oil that they're never going to make much of a contribution. Another map which includes those reserves though: http://www.independent.co.uk/multimedia/archive/00031/World-Oil_31948a.jpg. Radically different figures, especially for Canada, but also for the US; it shows less for Russia than the one linked above. Personally given the explanation about unconventional oils I prefer the above map; although the one I just linked did come from an article which argues that the OPEC countries are deliberately underestimating their reserves (by about half!) to push the price up. They aren’t. It says on the front page of that site, “Note: the map only indicates conventional oil because, with unconventional oils, the production rate is more important than the reserves (see Unconventional Oils) [explanation link: http://wolf.readinglitho.co.uk/subpages/uncoils.html. It is misleading to directly compare a conventional oilfield in Saudi Arabia, for instance, with the tar sands fields in Canada.”

The page on unconventional oils basically says that the shale and sand oil reserves of Canada and the US are so awkward and inefficient to turn into synthetic crude oil that they’re never going to make much of a contribution.

Another map which includes those reserves though: http://www.independent.co.uk/multimedia/archive/00031/World-Oil_31948a.jpg.

Radically different figures, especially for Canada, but also for the US; it shows less for Russia than the one linked above. Personally given the explanation about unconventional oils I prefer the above map; although the one I just linked did come from an article which argues that the OPEC countries are deliberately underestimating their reserves (by about half!) to push the price up.

]]> By: Tate Dwinnell http://selfinvestors.com/tradingstocks/oil/map-of-world-oil-reserves/comment-page-1/#comment-7269 Tate Dwinnell Tue, 10 Jun 2008 16:56:47 +0000 http://selfinvestors.com/tradingstocks/oil/map-of-world-oil-reserves/#comment-7269 Hi Dave, good point.. perhaps they aren't including much of the oil sands, hard to say. The map is based on data from the ASPO, the Association for the Study of Peak Oil http://www.peakoil.net/ if you want to research it further. Unfortunately, I don't have the time right now. Hi Dave, good point.. perhaps they aren’t including much of the oil sands, hard to say. The map is based on data from the ASPO, the Association for the Study of Peak Oil
http://www.peakoil.net/ if you want to research it further. Unfortunately, I don’t have the time right now.

]]> By: David Waring http://selfinvestors.com/tradingstocks/oil/map-of-world-oil-reserves/comment-page-1/#comment-7268 David Waring Tue, 10 Jun 2008 12:28:21 +0000 http://selfinvestors.com/tradingstocks/oil/map-of-world-oil-reserves/#comment-7268 Hi Tate, Nice map there thank you for posting that. Maybe I am reading it wrong or just have my facts mixed up but from this map it looks like the United States has more oil than Canada? As I understand it the country that the US relies most upon for imported oil is Canada, so I always assumed that they had more oil than the US. Is this not correct? Thanks Dave Hi Tate,

Nice map there thank you for posting that. Maybe I am reading it wrong or just have my facts mixed up but from this map it looks like the United States has more oil than Canada?

As I understand it the country that the US relies most upon for imported oil is Canada, so I always assumed that they had more oil than the US. Is this not correct?

Thanks
Dave

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