Author: macanese

“China Says ‘No Dollars’ For New Yuan” - April 2016   [Copy link] 中文

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Post time 2016-4-26 23:09:15 |Display all floors
macanese Post time: 2016-4-21 03:25
Venezuela and Brazil hold reserves of  half a trillion barrels of oil.

Both failed countries.
Anger is an acid that can do more harm to the vessel in which it is stored than to anything on which it is poured. Mark Twain

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Post time 2016-4-26 23:11:55 |Display all floors
macanese Post time: 2016-4-21 03:25
Venezuela and Brazil hold reserves of  half a trillion barrels of oil.

Venezuela's share of Latin America's proven oil reserves has risen from 67% to 87% over the past decade, according to data compiled by BNamericas.

The Caribbean nation's crude volumes climbed almost fourfold over the period to 298Bb, boosted by discoveries in the Orinoco heavy oil belt.
Brazil is the region's next most prolific explorer, lifting reserves to 15.6Bb from 11.2Bb after a succession of oil finds in the Atlantic's pre-salt region.

Ecuador and Colombia have each expanded their oil portfolios by 60% since 2004. Ecuador's proven reserves rose from 5.1Bb to 8.2Bb while Colombia's tally hit 2.4Bb from 1.5Bb.

Bucking the trend were Mexico and Argentina, which both reported declines. Mexico's proven reserves fell to 11.1Bb from 14.8Bb while Argentina's available deposits dipped to 2.4Bb from 2.7Bb.

According to Rio de Janeiro-based oil consultancy A&P, proven reserves do not guarantee production gains, particularly in the case of Brazil's state-run oil company Petrobras.

"There have been some significant discoveries in Brazil and they deserve attention," A&P director Arthur Pimentel told BNamericas.

"But the challenge now is to develop and commercialize these fields, some of which lie at unprecedented depths for oil production."
Anger is an acid that can do more harm to the vessel in which it is stored than to anything on which it is poured. Mark Twain

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Post time 2016-5-5 09:12:56 |Display all floors

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Post time 2016-5-5 09:17:59 |Display all floors
Saul Post time: 2016-4-26 23:09
Both failed countries.

According to the CIA they are failed countries, but their natural resources like oil, water and minerals show that they are rich and Uncle Sam wants to grab hundreds of billions of barrels its oil reserves

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Post time 2016-5-9 18:38:39 |Display all floors
macanese Post time: 2016-5-5 09:17
According to the CIA they are failed countries, but their natural resources like oil, water and mi ...

Oh, now you believe the CIA

So you only use USA/Western information when it suits you.
Anger is an acid that can do more harm to the vessel in which it is stored than to anything on which it is poured. Mark Twain

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Post time 2016-5-9 19:37:37 |Display all floors
Saul Post time: 2016-5-9 18:38
Oh, now you believe the CIA

So you only use USA/Western information when it suits you.

You have a serious comprehension problem dude.  Or are you imagining things now?

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Post time 2016-5-9 20:40:07 |Display all floors
This post was edited by Saul at 2016-5-9 20:42
macanese Post time: 2016-5-5 09:17
According to the CIA they are failed countries, but their natural resources like oil, water and mi ...

USA doesn't want or need your oil.

Oil is cheap and it will stay that way for awhile, great to see you and your political criminals squirm.
Time for the people to revolt against the leaders of those sh1t holes.
Anger is an acid that can do more harm to the vessel in which it is stored than to anything on which it is poured. Mark Twain

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