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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWall street Fixing Oil Prices Huge Glut Iran adds 500,000 US Largest Oil Reserves
U.S. Has Worlds Largest Oil Reserves
The U.S., then, sits atop with its oil reserves. Rystad notes that Texas alone could have 60 billion barrels of oil.
http://oilprice.com/Energy/Energy-General/US-Has-Worlds-Largest-Oil-Reserves.html
Opec countries agree first oil output cut in eight years
Mohammed Bin Saleh Al-Sada, Opec's president, said a cut of 1.2 million barrels a day would start from January.
http://www.bbc.com/news/business-38155185
Oil price woes deepen as Iran vows to add 500,000 barrels a day
https://www.theguardian.com/business/2016/jan/17/oil-price-woes-deepen-as-iran-vows-to-add-500000-barrels-day
The world has more oil in storage then any time in history, price and demand? No Price Fixing by Wall street!
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Wall street Fixing Oil Prices Huge Glut Iran adds 500,000 US Largest Oil Reserves (Original Post)
mitty14u2
Dec 2016
OP
randr
(12,412 posts)1. The Stone Age did not end out of lack of stones
Our dependency on oil and all carbon based fuels will end.
We should be celebrating the coming of a new age with clean renewable energy. This has been a dream of all humanity for decades.
We can not allow those who make obscene profits off the destruction of our planet to stand in the way of our future.
HoneyBadger
(2,297 posts)2. High oil prices are the best solution for climate change
The most important issue of this century for the entire world. Consume less oil due to prices, cool the earth. Reverse climate change.
Xolodno
(6,390 posts)3. The size of reserves is somewhat irrelavent.
Its all about the cost of extraction.