Saudi arabia has 260 billion barel of oil reserve which is quarter of the world reserve?

Question

saudi arabia has 260 billion oil reserve which is worth us$ 26 trillion dollars?

SAUDI ARABIA HAS 260,000,000,000 BARREL OF OIL RESERVE UNDERGROUND.

THESE OIL IS WORTH ABOUT US$ 26 TRILLION IF FIX ITTO US$100 PER BARREL.

THIS OIL IS GOING TO FINISH WITHIN 10 TO 50 YEARS?

US GOVERNMENT IS WILLING TO GIVE US$ 300 MILLION DOLLARS TO WHO EVER CAN PRODUCE A BATTERY THAT CAN LAST MUCH LONGER THEN CURRENT BATTERY WHICH HAS TO BE RECHARGE EVERY DAY.

THE WORLD OIL RESERVE IS ABOUT 1,137,000,000,000.

THE TOTAL VALUE IS US$ 100,137,000,000,000 OR US$ 100 TRILLION DOLLARS PRECISELY.

I STILL THINK THAT LITTLE ATOMIC REACTOR IS THE ANSWER TO OIL PROBLEM.

SO IT LOOK LIKE WESTING ELECTRIC COMPANY WILL BE THE LARGEST COMPANY IN THIS WORLD IF IT CAN SUPPLY ALL THE ENERGY NEED OF ALL NATIONS.

http://en.wikipedia.org/wiki/westin...

http://search.yahoo.com/search;_ylt...

1

Summary of Reserve Data as of 2007 Country Reserves 1 Production 2 Reserve life 3

109 bbl 109 m3 106 bbl/d 103 m3/d years

Saudi Arabia 260 41 8.8 1,400 81

Canada 179 28.5 2.7 430 182

Iran 136 21.6 3.9 620 74

Iraq 115 18.3 3.7 590 101

Kuwait 99 15.7 2.5 400 108

United Arab Emirates 97 15.4 2.5 400 107

Venezuela 80 13 2.4 380 91

Russia 60 9.5 9.5 1,510 17

Libya 41.5 6.60 1.8 290 63

Nigeria 36.2 5.76 2.3 370 43

United States 21 3.3 4.9 780 12

Mexico 12 1.9 3.2 510 10

Answer 1

The United States has more oil in reserves than Saudi Arabia.

If only some members of Congress  - one particular party -would allow access to the oil - but no, their false environmental logic keeps the nation dependent on foreign supply.  Wonder why?

Answer 2

I agree with jack..and just to add to that the environmentalists are keeping us from drilling in certain places in Alaska where there is suppost to be enough oil to last the U.S. another 50-100 years+the oil we alrady have reserved...there is no reason to be dependent on other countries for oil...If we simply used what we have here the gas and oil prices would be cut in half!!!