An Ungrateful POTUS?

I looked around a bit - found conflicting numbers regarding the amount of reserves by country. Lot of sources listed OPEC countries - starting with Venezuela as the largest proven reserves. Most of those sources were using data from the 2010-2015 range.

There were several sources with dates of 2018 which listed the US as the largest amount of proven reserves in the ground - same definition of reserves listed on the older rankings.

Primary difference is the Shale Oil reserves which have proven to be viable - at an economic level. Same discussion around off shore - at $5 a barrel not viable - at higher prices it is.

Remember the Hubbert peak theory that came out in the late 50's. The accepted wisdom was that all crude reserves (that were possible to produce) would be identified by the early 1970's and that after the 1970's the world would be consuming against a depleted resource.

The concept that the Hubbert Peak was in the 70's has proven to be false.

Forget searching for "reserves" numbers for two reasons, one they are a political strategy, often altered, and two, even when they were trying, the scientists could not project the future and technological advancement that affects the true numbers.

MM
 
Trump had something to say about it this morning :rolleyes:

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