Monday, January 25, 2010

USGS claims Venezuela sits on Earth’s largest oil reserves

Look for a US led invasion of Venezuela pretty soon I guess...

Venezuela may have just become the center of an energy-starved world.

The Orinoco Belt, situated squarely underneath the South American nation, may hold some 513 billion barrels of crude oil, according to a new report by the U.S. Geological Survey (USGS).

That's twice the size of Saudi Arabia's oil reserves, placing Venezuela firmly atop the list of oil-rich nations.

Read full article here...

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