Middle East countries are just unstable by nature. Venezuela is unstable because they're trying out Socialism, which kicked out all the US oil companies, making thier oil industry collapse. Russia is unstable for many reasons, They never truly left the communist mindset therfore they basically have a dictator who has dragged them into a ridiculous war.
Russia destabilized itself. Could have easily continued keeping Europe hooked on its energy sources, but stupidly had the need to subdue Ukraine. As if it didn’t share a border with several other western aligned countries 🤡
@@PaulHipToBeSquareAllenit is weird, I agree. We have civil wars and foreign influence. That is all coming to an end. I’d also like for you to do your own research on Somalia. It’s not as “poor” as your western media likes to show. There’s a lot of work ahead of us, but we’ve come a long since the civil war.👍🏽
When I was in school (1945-1957) I remember being told that the world's oil reserves would be depleted by 1985, but not to worry, because scientists will have discovered a new source of energy by then.
@@josephwanjiku6853 Oh no. It's a BS, alright but a BS resulting from prognosis which is mostly based on mathematical models and the models are far from being perfect. So it's a BS based on uncertain assumptions. Used as propaganda sometimes.
@@halimohasan4844 perhaps true but they can't or rather won't ever think of taking much from their resources either.. Although now it's very difficult for the west to swoop in and "save the day" as India has been exposing their dubious nature at the international level
Thats the real reason why the U.S.A. wants to help countries like Somalia and Venezuela. Such good people (the government), right? What a big heart they have.
Every country wants to blame the USA for their own problem, when they can't govern themselves and when they have failed governments that can't govern their countries. If one country in the world the (USA) has that much power and influence over the whole world, then something is terribly about the world. I guess it's much easier to look on the outside for blames, then it is to look within for internal solutions. Great leaders don't blame others, great leaders look for solutions within.
Oil reserves in the US can provide opportunities for investors to benefit from the performance of the oil industry and potentially earn profits as the country's oil reserves play a significant role in the economy and global energy markets. However, it's crucial to thoroughly research and understand the risks associated with investing in this sector, such as volatility in oil prices, geopolitical factors, and regulatory changes.
Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420,000 losing value because of high inflation. Where else can we keep our money?
Well I recommend you make a diversification plan because it's been harder to build a good stocks portfolio since COVID. My colleague suggested I hire a brokerage Adviser, and I've actually made over $457k with their help during last market upheave. They used defensive strategies to protect my portfolio and make profits despite the ups and downs.
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The adviser I'm in touch with is Camille Alicia Garcia, she works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else, for me her strategy works hence my result. she provides entry and exit point for the securities I focus on.
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Exactly! That explains why Oil doesn't mean the same for everybody when it comes to profits. The richest countries are the ones with the lightest Oil and easiest procedures of extraction. Among the types of Oil, the best is called precisely *Dubai Light* followed by *West Texas* and in the other end the *Nord Sea Brent.* The West Texas' is now called Intermediate Texas' and the Dubal Light is not mentioned anymore although it keeps flowing.
@@dixonpinfold2582 : Saudi is an adjective, indeed, it stems from the ruling house of Saud that became the eponym of the country. Unilke *South* found in Sudan, Korea and formerly in Vietnam and Yugoslavia _(Yug means South in Slavic languages),_ *Saudi* is only found in the Arab kingdom. Thanks for your zeal in acribology.
@@hanswust6972 Ah, but _une vraie acribologiste_ will not allow that zeal enters into it. I mean, it's only normal! Also, no cognate or homologous counterpart has yet entered the English dictionaries. _(C'est dommage.)_ Thanks for your supercool reply.
True Mexico has plenty of oil and was trading fuel with the USA...till eight years back ... fearless leader but now every US vendor is over there now chevron Sinclair Arco...
Australia needs to trade our coal for Canadian oil. Both of our countries have almost everything the world needs, if we stick together, we'll never need anything from anywhere else.
Canada has the US for protection, lol. Canada has a small population, small military but highly trained. Open borders and we consider Americans our cousins. (NZ, Australia and Britain are related too as our democracy is similar and once connected to Britain). Canada has resources the US wants and needs, but both Canada and US has everything we need. We can survive deglobalization. Mexico is on board they've opened up manufacturing! So we are good here in North America! NAFTA Canada also has 20% of the world's fresh water. So far Canada is 80% green energy. I don't see how EVs will work here outside of major cities. I'm up north and near a major highway, we have one EV charging station for travellers. We all drive 4x4 trucks and have "big boy" toys which all consume gas! Natural gas heat is cheaper and more efficient than electricity in our cold winters! I will be dead before any oil wars break out! I believe it will be over water not oil!
Pregúntale al gendarme, EEUU, todas las Guerras y boicot las hace contra paises petroleros que no le son afines a sus políticas. En ventas de petróleo sustenta el dólar. Por eso se inició la desdolsrizacion en algunos países y el peligro de guerra aumenta. Rusia, China, Brasil , India ya no tranzas en dólares. Investiga amigo, pues los medios controlados por EEUU, no te lo dirán. Boicotearon los gasoductos Nort Stream, para evitar que Europa reciba energía de Rusia.
Parce que les états-unis veulent leur voler leur pétrole comme elle fait pour l'Arabie saoudite Mais le Venezuela sont des révolutionnaires ils préfèrent mourir debout que de vivre a genoux
Somali people we will help when we explore our oil and gas soon whoever helped us during difficult Turkey 🇹🇷 is number 1 so far Turkish people won our hearts ♥️
You're gas resorses even is les then bulgaria.😂 And you oil resive is all supported by Russia and azerbaijan.😂 First go deal with you're nature resources.
VZ has a lot of reserves, but it is heavy crude, which is more costly to refine than Saudi or US crude. You need to recognize each barrel is not the same.
No todo el petróleo venezolano es pesado, si gran parte pero no todo, además, al ser pesado es más rico en componentes y por lo tanto, más riqueza se le puede extraer.
Fascinating. I suppose these are "proven reserves," a number that changes as oil is pumped and more is found. Also, the price of oil is variable; whatever these numbers, they will daily change. Also, the quality of oil in each case, whether "heavy" or "Light," will be individually subject to market fluctuations. But a fascinating display, as many of these are. Interesting to note that lotsa oil doesn't mean riches. Government incompetence is a much stronger force.
Green River formation in Colorado, Wyoming and Utah contains 1.5 TRILLION barrels of recoverable oil. Or about 300 years worth of current global oil consumption.
Last time US consume 10-mil bpd was in late 1950s, today oil consumption in the US is around 20-mil bpd. USA 20-mil bpd or Yearly Gallon Per Capita 940 China 12.5-mil bpd or Yearly Gallon Per Capita 138 India 4.5-mil bpd or Yearly Gallon Per Capita 51 Japan 4.1-mil bpd or Yearly Gallon Per Capita 481 Saudi Arabia 3.5 mil bpd or Yearly Gallon Per Capita 1,560 I read these statistics in 2021 and after pandemic these numbers may change for all countries but not a lot specially not for the US
This graph briefly explain entire geo politics. If any country from top 25 to top 10 is not controlled by the USA directly or indirectly then these countries will have some kind of political instability. If any top 10 country is not controlled by the USA directly or indirectly then those countries will be sanctioned! 1. Venezuela 3. Iran 5. Iraq (used to be under the sanctions until the country destroyed by the US and allies ) 6. Somalia 9. Russia 10. Libya (used to be under the sanctions until the country destroyed by the US and allies )
Well you simply don’t understand geopolitics then. The sanctions placed on Russia, Venezuela, Iran and Somalia have nothing to do with oil. The instability in Venezuela was inflicted by their dictator, Somalia is a clan based state, obviously Russia was sanctioned for their invasion. And many other countries aren’t ‘controlled’ by the U.S. The US (as well as any large country buying oil like China and India) want stability so supply isn’t compromised. All of these countries have trade deals with each other. No one is under anyone else’s ‘control’ How are you going to argue that Saudi Arabia, the UAE, Oman, and even Canada are controlled by the US? Research for yourself instead of making assumptions that are easily debunkable
BS..you are missing the fall of us $..what a joke.... Iraq is one of the mots corrupted country..and Iran do not fare better...Russia is a gangster organization...a country rich on paper where 29 millions have no toilet at home and 14 millions no water at home...Somalia is a backward country with warlord..Libya is cut in half..eastern side Russia + Egypt + UA..western part the others...Industry has been neglected for years, corruption everywhere... Sure baby..USA..what a joke !!! Are you a parrot from Bamako ?
No doubt Expert Theresa Trading Services is very profitable, I invested $5,000 and cashed out $46,700 after 2 weeks. I still wonder how she gets her analysis
Venezuela, the country with the largest oil reserves in the world, but one of the poorest countries in Latin America. Education and governance are key factors for a country to become an economic power.
@@bostandastan8546 не мы её начали! Против России 50 стран мира ведут войну! Россия одна против 50 стран на Украине - США,Германия,Италия, Франция, Англия,Болгария, Польша,Израиль, Грузия,Норвегия, Швеция,Финляндия, Турция,Чехия,Словакия,Бельгия ,Южная Корея,Япония - это самые основные страны,кто хочет уничтожить мою страну и мой народ,всех перечислять не буду ,но если надо назову и остальные страны! Спасибо тем странам,которые поддерживают дружбой нашу страну! Будьте прокляты те,кто поддерживает нацизм и уничтожает мирных людей! Россия - уничтожит фашизм и нацизм как в 1945 году!
@@likazakablokovskay5226 😁😁😁😁😁😆😆зачем пишете высокопарные слова о мире если в голове такой кавардак из телевизора, смешные вы россияне ей богу.. И да.. ваш словарный понос я не дочитал, клянусь вы там походу все сошли с ума
Lo mismo fue para Mexico hasta que nos convertimos en lacayos yanquis. Respeto y admiración por ustedes hermanos que han logrado evadir esa esclavitud aún a un precio tan alto! BENDICION!
Una desgracia porque los de arriba quieren que tengan crisis así pueden meter en el gobierno, políticos que sigan las directrices de ellos y poder dominar el mercado
Mire paisana la desgracia no es el petróleo pesado la desgracia es que Venezuela lo tenga y que OTROS lo deseen y si es gratis mejor le daré un ejemplo tácito si haiti el país más pobre de América (no es latinoamericano los latinos somos de raíces española francesa portugueses italiano y ellos su raíces son africana su idioma es el creol una mescla de francés y varios dialectos africanos pues fueron traídos como esclavos por los HDPM de los franceses)me disculpa la aclaratoria histórica.Tuviera petróleo ligero pesado o de cualquier tipo también estuviera jodido como le está pasando a Venezuela pues la cosa es ASI lo tuyo no es tuyo si yo lo necesito y si es gratis o casi regalado mejor🤔🤔😩😎😎
Muxuu ilahey wadanka najeclaysiiya kuwii xilka nohayay ama ha ahaadan Madaxweynaha dalka ama kuwa mamul goboleydyada baa ba dalki xarashaya oo dhexdooda iskhilaf Ka dhaman la'a
The thing about Somalia is that it only has a population of around 20 million and could be transformed in a single generation if the future oil, gas and uranium revenues were handled correctly. Sometimes I wish Black Hawk Down never happened because all the Super Majors were already investing time and money for the future drilling of potential reserves and the country could have enjoyed decades of development at high oil prices rather than conflict.
For Somalia the amount shown is offshores only not Onshore which xould almost double the amount if exploited. One onshore plot recently has 5 billion barrels
I really wish Somalia could find peace! It is strategically located right where the Red Sea and Indian Ocean meet and as the Horn of Africa, could be a shipping megaplayer. I think a thriving resort area could be built for tourism also. I wish Somalia luck and no more wars.
@@mannym6431 Because of corruption. Only the few elites are rich beyond belief. It’s horrible that the wealth doesn’t go to the people. Also extraction often costs more than the country can afford so they lease to unscrupulous players. It’s so sad that Africa is so rich but the people never see it.
Me gustaria que al final del video se pueda ver una imagen general o por lo menos de los primeros 30 paises, en este video y en todos. Gracias!! ARARAR
@ TRANCE4ME 🎧 Legalized weed Free healthcare at the point of service Assault weapons ban More than two political parties Legal drinking age 19 Did they need permission for any of that? Oh, they also have better education. Maybe that explains your comment?
@@momdad8771 For small internal issues that have no bearing on the wider world, yes Canada can do what it wants. For instance whether to make fly the rainbow LGBTQ+ flag inside their government buildings or the pink flag. But for actually important stuff, like if USA starts bombing another country in the Middle East and kills a few million more brown muslims and wants Canada to help and send some troops and weapons to support "spreading Freedom and Democracy", Canada will have no cnoice but to obey. Don't believe me? Look at every war of aggression USA has fought in the last 80 years and see whether Canada was America's little beetch or not. Answer is yes, it was and it still is.
Fun fact, Guyana has a population of under 800k and has proven oil reserves over 750 billion and they are still finding more which in the future might make them the riches country in the world if the resources are handled correctly 😮😮(NB: GDP per capital)
Can't be handled correctly on a continent as insanely corrupt as most of Africa. As soon as the riches starts pouring in, they'll gun eachother down over it.
For some countries like Venezuela, Somalia , Nigeria , Sudan, crude oil is actually a curse not a blessing. Kudos to those other countries that use their natural resources including crude oil to build their economies.
Dude how is it a curse to Somalia 🇸🇴? Digging the oil for commercial purposes never happen in Somalia because refused it! We had civil war and now are rebuilding it and the oil will come out in the next year's . Watch out Somalia in 10 years time you won't recognise it! They have the smartest business people in Africa that dominate trade in Africa, add oil and gas and we will return to the glory days and dominate Africa and the Gulf countries
@@momtur4875 we should. But our government is so eager to give jobs an money away to people moving into canada that us who been born an raised here have to move out of our country to have a decent life.
@@heretomakeyousalty6126 Wanna try that one again? Canada has 18 large refineries and 6 heavy oil upgraders. Approximately 2 million barrels of oil are refined daily in Canada.
@@raynus1160 an sold to other countries as canada only buys imported oil for refining into fuel an gas. We dont turn our own sand into oil. Look it up. Why else would we be stuck selling it to the US for 2$ a barrel. You must be 24 or younger to have that level of stupidity
Una pena muy grande que Venezuela con todo el petroleo que tiene esté como esté, aunque aquí donde vivo las cosas no estén tan bien como para tirar cohetes Ojalá que se mejore todo en Venezuela desde Colombia 🇨🇴🤝🇻🇪
Russian Bazhenov formation: The Bazhenov formation is estimated to hold 1.243 trillion barrels of "risked shale oil in-place," of which about 74.6 billion is the "risked, technically recoverable resource," and 1,920 Tcf of "risked shale gas in-place," of which 285 Tcf is the "risked, technically recoverable shale gas resource," The size of the resource makes the Bazhenov the biggest potential shale play in the world, according to the U.S. Energy Information Administration.
There are many hard to reach deposits worldwide, an embarrassment of riches almost within reach. Experts claim the world is close to Peak Demand and consumption will start a slow decline, I expect these hard to reach, technically challenging deposits will stay in the ground as established supplies fight for market share in a world of shrinking demand.
@@brentdallyn8459 That's right, Russia even has an easier to get gas field called Shtokman in the Barent's... .they can't get around to harvest that either... shale play in Sibiria will never happen
Russia is a huge country and has so much unexplored potential. If the climate nut jobs are right then in time they will have access to potentially more minerals then any other country on earth. That’s if it can hold itself together after the special military operation lol.
Like Canada’s oil is in the form of oil sands, so the process of filtering and refining is more expensive than the usual methods. The amount of water it takes to separate and the amount of pollution it creates is really something to keep in mind. The best example is Saudi, it’s in the ground and is pure black liquid, the best reserve to have.
The one bonus Canada does get is clean sand after the process. It is a very energy intensive process but I suppose Canada could argue all the oil sand land is technically polluted and unusable
Canada is the most environmentally responsible producer of oil on the planet. The world needs MORE Canadian oil. The world needs LESS dictator oil, like Saudi.
Not all of it is in oil sands, but the reserves that are not in oil sand form are in some of the most remote and inhospitable area of the world. Building the facilities, extracting and transporting that oil would be insanely expensive.
It's obvious from this video that any country with more oil reserves than the United States had better watch out. I'm starting to worry about Canada. EDIT: The Canada remark is facetious, grim humor.
Glad to see the world has lots of oil, so I’ll keep my diesel powered vehicle. Amazing that Venezuelan reserves a head, shoulders and belly button above the rest of the world. Didn’t mention North Korea’s 2 x 5 bottles of oil.🇦🇺
The thing missing from this is the ability to actually reach that oil, process and transport it as well as the know how to do all this. Most of the higher reserve nations mentioned are war zones and if not will soon be war zones when America decides to take I mean bring democracy to them.
Dude the last thing American companies want is to go to these unstable countries. Venezuela and Russia for instance have tons of reserves; but they also have TONS of corruption and instability. You don’t want to deal with that. We still go to countries where they are open and want to share the revenues. The problem is the corruption that exist in some of those countries. Instead of investing their revenues, a handful of people keep them.
@@lgarcia67 This is a joke right? United states hardly avoid getting involved with Venuzuela or other South american country. Look at any of the history in the continent over the last 70 years. google CIA south America. American companies happily go anywhere they can profit. telling me that there isn't a macdonalds in moscow or caracas?
Yes, so it might be better to compare total sector operating cash flow by country (screwing non-cash expenses). That's what tells you who's really making a killing.
@@zukunftverstehen I mean, I also knew it too, but it's incredible the terrible economic crisis they are facing being the country with the major oil reserves.
@@JaimeGonzalez-vh6qt Венесуэла не позволила американцам себя грабить,поэтому США ввела санкции против этой страны. Из-за боязни нарушить санкции США многие страны и компании не хотят покупать венесуэльскую нефть, а также заниматься транспортировкой нефти .
@@JaimeGonzalez-vh6qt That is when people are voting for communism... Communism ruins everything and is highlycorrupt. Look at what happend with argentinia.
@@gustavopinto5863 ¿Pobreza inexplicable? Si la razón es muy clara: no los dejan vender su petróleo; pero esto significa que en el futuro, cuando a los demás se les acabe el petróleo, Venezuela será el único con reservas y todos se pelearan por comprarle barriles.
Ce drag le e yankeilor ,de acu încolo nu mai trebuie să hălăduiască aiurea ,prin toată lumea ! Cu voia lor sau fără ,timpul și vremurile vor spune ,cum vor sta situațiile cu atîta avere ,la o populație de cel puțin 18 ori mai mică ,decît a vecinilor ,de la sud.
In Iran We Can Be 1st Because there is a lot of Oil in Caspian sea and Zagros area in North and West of the Iran But Government Don't Searching For New Oil wall because there is a lot of in the southern Iran and Persian Gulf!!! I just want to say we have much more than that Also I'm Sure Russia Has a Lot Of Oil in Siberia and North Polar
вы теперь понимаете почему нужен крепкий СОЮЗ бедных стран? и что в будущем ждет,госдэп не спит и придумывает новые планы по порабощению других государств
Venezuela also imprisons journalists, destroyed their currency before the USA stalemate, the government sponsors drug trafficking, the government took over the oil industry, under maduro, and now they have nothing.
@@roblemohamed9681 yaa usheegaya dadkeema somali ee imaanka la' in cadowgu gaadayo dabino u maleegayo dhan walbana laga galay iyagoo loo garaacayo kabanka qabyaalada
The United States has the largest known deposits of oil shale in the world, according to the Bureau of Land Management and holds an estimated 2.175 trillion barrels (345.8 km3) of recoverable oil.
dont be silly that the US is nr 1 in everything ...on is for sure beeing THE WARMONGER definetely Nr 1 and killing civilians in wars.. YES this ist the true US... others have far more oil deposits that the usa..
The economic terrorism on Venezuela (sanctions and such) makes sense when you realize there's a government in place that wants to take control of its own resources and take care of its people as opposed to letting American and European business interests bleed them dry.
Yeah I wonder how rich can Venezuela get... I mean they have more oil than Saudi Arabia but still poorer than saudi arabia? Time to start extracting and sell the oil?
