U.S. has more Oil than Saudis or Russians!

5 07 2016

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The U.S. holds more oil reserves than Saudi Arabia and Russia.    The latest estimate of recoverable oil from existing fields in the U.S. along with recent and expected discoveries totals 264bn barrels. This surpasses Saudi Arabia’s 212bn and Russia’s 256bn in reserves.   Iraq and Iran also have extensive oil reserves but that’s another story with far more military, political, and economic ramifications.