Libyan oil   Leave a comment


The people of Libya have a lot at stake in the current power struggle in that country. Libya is a major world oil exporter.  It ranks ninth in proven oil reserves in the world.  And it has a relatively small population of 6.42 million. 

Country proven reserves of oil (bbl)
1.
Saudi Arabia
266,800,000,000
2.
Canada
178,600,000,000
3.
Iran
138,400,000,000
4.
Iraq
115,000,000,000
5.
Kuwait
104,000,000,000
6.
United Arab Emirates
97,800,000,000
7.
Venezuela
87,040,000,000
8.
Russia
79,000,000,000
9.
Libya
41,460,000,000
10.
Nigeria
36,220,000,000
11.
Kazakhstan
30,000,000,000
12.
United States
20,970,000,000
13.
China
16,000,000,000
14.
Qatar
15,210,000,000
15.
Algeria
12,200,000,000
16.
Brazil
12,180,000,000
17.
Mexico
11,650,000,000
18.
Angola
9,035,000,000
19.
Azerbaijan
7,000,000,000
20.
Norway
6,865,000,000
21.
India
5,625,000,000
22.
Oman
5,500,000,000
23.
Sudan
5,000,000,000

 

Gaddafi and his cronies have committed to fight to the death to maintain power.  It could get real ugly before it is over.  Oil can do that to people.

 

Posted February 23, 2011 by markosun in Uncategorized

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