Investors Hangout Stock Message Boards Logo
  • Mailbox
  • Favorites
  • Boards
    • The Hangout
    • NASDAQ
    • NYSE
    • OTC Markets
    • All Boards
  • Whats Hot!
    • Recent Activity
    • Most Viewed Boards
    • Most Viewed Posts
    • Most Posted
    • Most Followed
    • Top Boards
    • Newest Boards
    • Newest Members
  • Blog
    • Recent Blog Posts
    • Recently Updated
    • News
    • Stocks
    • Crypto
    • Investing
    • Business
    • Markets
    • Economy
    • Real Estate
    • Personal Finance
  • Market Movers
  • Interactive Charts
  • Login - Join Now FREE!
  1. Home ›
  2. Stock Message Boards ›
  3. User Boards ›
  4. Political Debate Board Message Board

U.S. Holds More Oil Than Saudi Arabia or Russia,

Message Board Public Reply | Private Reply | Keep | Replies (0)                   Post New Msg
Edit Msg () | Previous | Next


Post# of 65629
Posted On: 07/05/2016 3:13:16 PM
Avatar
Posted By: PoemStone
U.S. Holds More Oil
Than Saudi Arabia or Russia, Says Rystad Energy


More than 50 percent of the remaining oil reserves is in unconventional shale
oil, according to new data from Oslo-based consultant Rystad Energy .


-1x-1.png

For the U.S. more than 50 percent of the remaining oil reserves is in unconventional shale oil. Texas holds more than 60 billion barrels of shale oil according to the new data.

New data from Rystad distinguishes between reserves in existing fields, in new projects and potential reserves in recent discoveries and in yet undiscovered fields. An established standard approach is applied to all fields in all countries, said Rystad, which means reserves can be compared apples-to-apples across the world. Other public sources are based on official reporting from national authorities, which are in turn based on diverse and opaque standards, Rystad said.

Rystad estimates total global oil reserves at 2,092 billion barrels, or 70 times the current production rate of about 30 billion barrels of crude oil per year. Unconventional oil recovery accounts for 30 percent of the global recoverable oil reserves, and offshore 33 percent. The seven major oil companies -- BP, Exxon, Chevron, ENI, Total, Shell and ConocoPhillips -- hold less than 10 percent of the total, Rystad said.



(0)
(0)




Featured stocks: Coffee Shoppe
For conservative debate: "Keeping it Real"
Game Changing stock $SHMP





Investors Hangout

Home

Mailbox

Message Boards

Favorites

Whats Hot

Blog

Settings

Privacy Policy

Terms and Conditions

Disclaimer

Contact Us

Whats Hot

Recent Activity

Most Viewed Boards

Most Viewed Posts

Most Posted Boards

Most Followed

Top Boards

Newest Boards

Newest Members

Investors Hangout Message Boards

Welcome To Investors Hangout

Stock Message Boards

American Stock Exchange (AMEX)

NASDAQ Stock Exchange (NASDAQ)

New York Stock Exchange (NYSE)

Penny Stocks - (OTC)

User Boards

The Hangout

Private

Global Markets

Australian Securities Exchange (ASX)

Euronext Amsterdam (AMS)

Euronext Brussels (BRU)

Euronext Lisbon (LIS)

Euronext Paris (PAR)

Foreign Exchange (FOREX)

Hong Kong Stock Exchange (HKEX)

London Stock Exchange (LSE)

Milan Stock Exchange (MLSE)

New Zealand Exchange (NZX)

Singapore Stock Exchange (SGX)

Toronto Stock Exchange (TSX)

Contact Investors Hangout

Email Us

Follow Investors Hangout

Twitter

YouTube

Facebook

Market Data powered by QuoteMedia. Copyright © 2025. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges).
Analyst Ratings & Earnings by Zacks. RT=Real-Time, EOD=End of Day, PD=Previous Day. Terms of Use.

© 2025 Copyright Investors Hangout, LLC All Rights Reserved.

Privacy Policy |Do Not Sell My Information | Terms & Conditions | Disclaimer | Help | Contact Us