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U.S. Holds More Oil Reserves Than Saudi Arabia and Russia

2016-07-05 15:32:00| Climate Ark Climate Change & Global Warming Newsfeed

EcoWatch: According to a new analysis, the U.S. now holds more oil reserves than Saudi Arabia and Russia, the first time this has happened. And more than half of the U.S.s remaining oil reserves are in shale oil. The analysis, by Rystad Energy, has concluded that recoverable oil in the U.S. from existing fields, discoveries and yet undiscovered areas is equivalent to 264 billion barrels, which easily beats Saudi Arabias 212 billion barrels and just squeezes past Russias 256 billion. The crux though...

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