HARDminute factoid #14 Oil Reserves

The HARDminute # 14
A Series of “Top Tens”
That Took Forever to Compile
But Requires Only Sixty Seconds
for You to Read.

TOP TEN COUNTRIES WITH
GREATEST OIL RESERVES

Saudi Arabia has 264.3 billion barrels proven as of 2006
Canada can provide 178.8.
Iran has 132.5.
Iraq has 115.0.
Kuwait has 101.5 of its own, but also is a contracted refiner for others.
United Arab Emirates has 97.8.
Venezuela holds 79.7. Venezuela and Hugo Chavez own Citgo.
Russia checks in with 60.0.
Libya shows 39.1.
Nigeria has 35.9.

To put this in perspective, a barrel contains 42 US gallons of oil. Originally there were 40 US gallons (35 Imperial gallons to readers in UK and Canada) to a barrel however, that was changed in the mid 19th century to give a little extra so consumers wouldn't feel "cheated". A little over 23 gallons of gasoline can be refined from a barrel of oil. Other products (jet fuel, lubricants, etc.) make up the rest.
Future posts will show who imports the most and who the largest exporters are.

Please let me know if this is of interest to you.

I welcome your feedback!

HARD