"According to US sources, Venezuela holds 90% of the world's extra heavy crude oil - deposits which have to be turned into synthetic light crude before they can be refined and which only become economic to operate with the oil price at about $40 a barrel. Newsnight cites a report from the US Energy Information Administrator, Guy Caruso, suggesting Venezuela could have more than a trillion barrels of reserves.

Once again you spin and miss. This is OLD information and pure speculation. April 3rd, 2006, to be exact. Also, alot of caveats and unknowns like the words MIGHT, COULD, SUGGESTING, and so on. So here we are on Oct 22nd, 2007. Where's the verified reserve reports...

"According to US sources, Venezuela holds 90% of the world's extra heavy crude oil - deposits which have to be turned into synthetic light crude before they can be refined and which only become economic to operate with the oil price at about $40 a barrel. Newsnight cites a report from the US Energy Information Administrator, Guy Caruso, suggesting Venezuela could have more than a trillion barrels of reserves.

Once again you spin and miss. This is OLD information and pure speculation. April 3rd, 2006, to be exact. Also, alot of caveats and unknowns like the words MIGHT, COULD, SUGGESTING, and so on. So here we are on Oct 22nd, 2007. Where's the verified reserve reports on these so-called huge deposits of oil? One would think that the oil industry would have been all over this 'news' and reports would be available by now.

They can always switch to the Euro...wait wasn't Chavez doing that already?

Good question deserves a good answer. On cue just TODAY...

Chávez’s Plan for Development Bank Moves Ahead

"Argentina, Brazil, Bolivia, Ecuador, Paraguay, Uruguay and Venezuela — signed off on the idea of creating an institution with up to $7 billion in initial capital, paving the way for the bank to begin operating as early as 2008.

"An eighth country, Colombia, said earlier this month that it wanted to be included as well. Colombia’s president, Álvaro Uribe, said his...

They can always switch to the Euro...wait wasn't Chavez doing that already?

Good question deserves a good answer. On cue just TODAY...

Chávez’s Plan for Development Bank Moves Ahead

"Argentina, Brazil, Bolivia, Ecuador, Paraguay, Uruguay and Venezuela — signed off on the idea of creating an institution with up to $7 billion in initial capital, paving the way for the bank to begin operating as early as 2008.

"An eighth country, Colombia, said earlier this month that it wanted to be included as well. Colombia’s president, Álvaro Uribe, said his country would join the new bank as long as it was an “expression of solidarity and brotherhood,” and not a rejection of the international lending institutions."

Anyone that isn't napping and paying attention willnote above ...

"A $50-a-barrel lock-in would open the way for Venezuela, already the world's fifth-largest oil exporter, to demand a huge increase in its official oil reserves - allowing it to demand a big increase in its production allowance within Opec."

Guardian
April 03-2006

...one Napper badly missed the obvious date. He's also unable to Goggle "oil reserves". 30 seconds and the lazy git could find his own answers. Ah well. We must make allowances for our favourite Nazi informer and cry baby, who cannot clip!

http://www.infoplease.com/ipa/A0872964.htmlGreatest Oil Reserves by Country, 2006 — Infoplease.com

Declining Oil Reserves

World Proved Reserves of Oil and Natural Gas, Most Recent Estimates

Try not to hurt yourself, but just because you can copy and paste the FIRST link that comes up in Google doesn't mean it's true. Glad OPEC doesn't figure things that way. Here's the list of PROVEN reserves, unlike your conjecture and speculation.


Contents[hide]

1 Proven reserves in order

1.1 Saudi Arabia
1.2 Canada
1.3 Iran
1.4 Iraq
1.5 United Arab Emirates and Kuwait
1.6 Venezuela
1.7 United States
1.8 Mexico
2 Arctic reserves
3 Middle Eastern reserves

3.1 Suspicious official estimates of oil reserves from OPEC countries
3.2 2020 Vision
4 Strategic oil reserves
5 OPEC countries
6 See also
7 References
8 External links
9 Notes

While the ...

Try not to hurt yourself, but just because you can copy and paste the FIRST link that comes up in Google doesn't mean it's true. Glad OPEC doesn't figure things that way. Here's the list of PROVEN reserves, unlike your conjecture and speculation.


Contents[hide]

1 Proven reserves in order

1.1 Saudi Arabia
1.2 Canada
1.3 Iran
1.4 Iraq
1.5 United Arab Emirates and Kuwait
1.6 Venezuela
1.7 United States
1.8 Mexico
2 Arctic reserves
3 Middle Eastern reserves

3.1 Suspicious official estimates of oil reserves from OPEC countries
3.2 2020 Vision
4 Strategic oil reserves
5 OPEC countries
6 See also
7 References
8 External links
9 Notes

While the government denies it and high oil prices mask it, analysts say Venezuelan oil production is declining. Since Chávez took over in 1999, production in the state-run oil fields has fallen almost 50 percent, say analysts at PFC Energy, a global energy consulting firm based in Washington, D.C., who spoke on condition of anonymity rather than risk the wrath of the Venezuelan government.

During the same period, no new significant oil reserves have been discovered. And with new, smaller profit margins for outside companies, foreign investors are now slowing the rate of investment in the jointly run oil and gas fields.

Sorry folk for this diversion into oil reserves which is not the topic of the clip.

However, on this occasion the great gaffer has achieved what only he could do. He proved himself WRONG. All by himself. Well with a little prompting from Cptenaud. He appears to have scared the hell out of him with the magic words...

And if The Christian Science Monitor is your only source. Then you have no real source. I knew you were a Christian Zombie.

They had the effect of clapper coughing up his source, something few of us have achieved. That's Cptenaud for you. You can't keep a good man down.

Now clapper's source Wikipedia - unique for clapper in that ...

Sorry folk for this diversion into oil reserves which is not the topic of the clip.

However, on this occasion the great gaffer has achieved what only he could do. He proved himself WRONG. All by himself. Well with a little prompting from Cptenaud. He appears to have scared the hell out of him with the magic words...

And if The Christian Science Monitor is your only source. Then you have no real source. I knew you were a Christian Zombie.

They had the effect of clapper coughing up his source, something few of us have achieved. That's Cptenaud for you. You can't keep a good man down.

Now clapper's source Wikipedia - unique for clapper in that we recognize it - states under Venezuela...

"Venezuela's Orinoco tar sands are less viscous than Canada's Athabasca oil sands – meaning they can be produced by more conventional means, but are buried deeper – meaning they cannot be extracted by surface mining. In an attempt to have these extra heavy oil reserves recognized by the international community, Venezuela has moved to add them to its conventional reserves to give nearly 350 billion barrels of total oil reserves. This would give it the largest oil reserves in the world, even ahead of Saudi Arabia. In October 2007 the Venezuelan government said its proven oil reserves have risen to 100 billion barrels. The energy and oil ministry said it has certified 12.4 billion additional barrels of proven reserves in the country's Faja del Orinoco region."

Now what can you say about a guy that goes out of his way to prove himself WRONG. Greater love....no, may be not. Even his mother...

Now what can you say about a guy that goes out of his way to prove himself WRONG. Greater love....no, may be not. Even his mother...

In my clip it mentioned in passing Venezuela oil reserves. It was not important to the story but it was to crapper. He went off on his own thing against Venezuela's claimed reserves. I was suspicious when for once he only listed the source within chunks of text. With good reason. This time the text proved him wrong but did he correct his position with the new information? Did he ever? That would take a man to own up to a mistake. No he went for the cover up like his Nazi friends that he knows so well in the White House.


At the same time as th...

Now what can you say about a guy that goes out of his way to prove himself WRONG. Greater love....no, may be not. Even his mother...

In my clip it mentioned in passing Venezuela oil reserves. It was not important to the story but it was to crapper. He went off on his own thing against Venezuela's claimed reserves. I was suspicious when for once he only listed the source within chunks of text. With good reason. This time the text proved him wrong but did he correct his position with the new information? Did he ever? That would take a man to own up to a mistake. No he went for the cover up like his Nazi friends that he knows so well in the White House.


At the same time as this was going on, he and a sidekick, managed to insult all of the Islam faith with his bigotry under ...

"Ban on female circumcise faces tough critics in Egypt"
I pointed out the error using WHO and with "first a display of total ignorance and stupidly...." and so more.

He attempted to justify his error with some unknown source but inferring that it was the U.N. With his performance above I should not have been surprised by the lengths that he will go to to cover up. I wrote...

"You are a cheat and a fraud as well a sectarian bigot. You are not worthy of being a clipper. Is that why you are not allowed clip?"

...and more. I await more treats

Here's another slap in the face for ya. From that SAME WIki link: Oil Reserves


You cannot even read/comprehend what you just typed.. again. (on purpose, most likely).


"In an attempt to have these extra heavy oil reserves recognized by the international community",

Oh wait here's a kodak moment for you as well:

"Note however that the definition of proven reserves varies from country to country. In the USA, the conservative rule is to classify as proven only the reserves that are being produced. On the other hand, Saudi Arabia classifies as proven reserves known fields not yet in production. Venezuela includes non-conventional oil (bitumens) o[b]...

Here's another slap in the face for ya. From that SAME WIki link: Oil Reserves


You cannot even read/comprehend what you just typed.. again. (on purpose, most likely).


"In an attempt to have these extra heavy oil reserves recognized by the international community",

Oh wait here's a kodak moment for you as well:

"Note however that the definition of proven reserves varies from country to country. In the USA, the conservative rule is to classify as proven only the reserves that are being produced. On the other hand, Saudi Arabia classifies as proven reserves known fields not yet in production. Venezuela includes non-conventional oil (bitumens) of the Orinoco in its reserve base"

For those of you who are thinking impaired, the list of OIL RESERVES is listed in order of PROVEN not speculative as Venezula has done (and the troll squad).

LOL. And only 9 POPS for this weak clip, which grows weaker by the moment.

Napster why are you so upset ?
Do you actually believe that just because you said it makes it true?
Sorry to bust your bubble, but your full of it !!!!!
Who cares what you think, as it stands now your thoughts are irrelevant.
Your always trying to shoot someone down, and your shooting blanks, nothing that you've said could prove anything, with the exception of you being a complete idiot.
I think you just like to start controversy just to see who comes unwound, but now you have found someone that knows more then you, and your having a meltdown.
Instead of trying to shoot someone down, try looking into a mirror and see yourself for who you are, then ask yourself why is your feeble life so tran...

Napster why are you so upset ?
Do you actually believe that just because you said it makes it true?
Sorry to bust your bubble, but your full of it !!!!!
Who cares what you think, as it stands now your thoughts are irrelevant.
Your always trying to shoot someone down, and your shooting blanks, nothing that you've said could prove anything, with the exception of you being a complete idiot.
I think you just like to start controversy just to see who comes unwound, but now you have found someone that knows more then you, and your having a meltdown.
Instead of trying to shoot someone down, try looking into a mirror and see yourself for who you are, then ask yourself why is your feeble life so transparent.
There's better things to do then get upset over spilt milk.
You need to change your name to crybaby !
And get a girlfriend, maybe your life won't be so bleak.

Comment by Raven714 @crapper

There's better things to do then get upset over spilt milk.
You need to change your name to crybaby !
And get a girlfriend, maybe your life won't be so bleak.

Oh, Raven714 you are cruel, but I like you. I love you. You are just giving good advice and it's hard to penetrate wood. Many have tried but few/none have succeeded.

I agree a female person might work but where on earth would we find a volunteer? Yes, his behaviour is that of dysfunctional person. Imagine having to LIVE with someone who believes they are always correct even when it's blatantly obvious that he's wrong. We can just ignore his ramblings, but thoughts of someone sharing his bed...

Comment by Raven714 @crapper

There's better things to do then get upset over spilt milk.
You need to change your name to crybaby !
And get a girlfriend, maybe your life won't be so bleak.

Oh, Raven714 you are cruel, but I like you. I love you. You are just giving good advice and it's hard to penetrate wood. Many have tried but few/none have succeeded.

I agree a female person might work but where on earth would we find a volunteer? Yes, his behaviour is that of dysfunctional person. Imagine having to LIVE with someone who believes they are always correct even when it's blatantly obvious that he's wrong. We can just ignore his ramblings, but thoughts of someone sharing his bed gives me horror shivers.

I wonder does he know how concerned we are about his well being? He does have a gun, doesn't he? From Vietnam I think he claimed. Anyway there's a great chance that he'd miss. Unless he was trying to miss, when likely he'd hit. Now I don't know if I want him to hit or miss. That is the effect the napper has, but all human life is sacred. May be he might get help?

Life is complicated, and so are our connections to it. Many of you know that I believe we should get all the households and small businesses off the grid by using a combination of alternative energy sources, solar panels, wind, solar water heating, etc. These methods can produce electricity thereby reducing our use of coal, natural gas, and other petroleum products. It is economically feasible now, and it will become cheaper over time.

Having said that, I believe what Chavez says he will do is irrelevant. Even if he truly hopes to keep that $50.00 bargain, he will not be able to do it.
Two large stumbling blocks stand in his way:
1. Heavy Oil(api gravity and impurities)
2. Lack of refiner...

Life is complicated, and so are our connections to it. Many of you know that I believe we should get all the households and small businesses off the grid by using a combination of alternative energy sources, solar panels, wind, solar water heating, etc. These methods can produce electricity thereby reducing our use of coal, natural gas, and other petroleum products. It is economically feasible now, and it will become cheaper over time.

Having said that, I believe what Chavez says he will do is irrelevant. Even if he truly hopes to keep that $50.00 bargain, he will not be able to do it.
Two large stumbling blocks stand in his way:
1. Heavy Oil(api gravity and impurities)
2. Lack of refinery capacity of importing countries

Heavy Oil is full of extraneous molecules, such as sulfur. It is very expensive and time-consuming to wash these impurities out through the refining process.

For instance, American refineries are not set up to effectively work with this heavy oil. The owners of the small refinery down the highway from us tell us that it was upgraded to refine heavy oil (high sulfur oil), but they still prefer to refine light, sweet oil.

Only 11% of foreign light oil, <2.0 api gravity, oil comes to the US.

Here are my sources. I hope it helps.

http://www.eia.doe.gov/emeu/international/oiltrade.html
http://www.eia.doe.gov/
http://tonto.eia.doe.gov/dnav/pet/pet_crd_crpdn_adc_mbbl_m.htm
http://tonto.eia.doe.gov/dnav/pet/TblDefs/pet_pnp_crq_tbldef2.asp

The crude oil, in wells of our lower Great Plains area, is lighter and contains fewer impurities. Think about oil, the lighter it is the higher it will float in a column or strata of Earth layers.

Most Venezuelan heavy oil will be refined in Venezuela and exported as a finished product. So, it seems to me, that the $50.00/barrel issue would be a moot point, when many countries are not set up to refine it and they will import the finished product with an unknown price.

Yes, your information is correct. I knew about the heavy oil difficulties.

At the time of his offer oil was 65$. 50$ would be a fair price with the extra refining needed. But that's not the main point. His offer at that price was FIXED into the future. The US would do well with a ready supply nearby. Now Chavez has a new partner in China. Environmentally and transport wise, the US was the obvious market. Why not. You could not trust him. Why? You did before and since with no breach of faith. So that's not the reason no matter how many may choose to believe it.

A large part of it is personal. Hugo has beaten the crap out of Bush at every turn. He practically ran Bush out of South America o...

Yes, your information is correct. I knew about the heavy oil difficulties.

At the time of his offer oil was 65$. 50$ would be a fair price with the extra refining needed. But that's not the main point. His offer at that price was FIXED into the future. The US would do well with a ready supply nearby. Now Chavez has a new partner in China. Environmentally and transport wise, the US was the obvious market. Why not. You could not trust him. Why? You did before and since with no breach of faith. So that's not the reason no matter how many may choose to believe it.

A large part of it is personal. Hugo has beaten the crap out of Bush at every turn. He practically ran Bush out of South America on Bush's last visit - with the aid of thousands of demonstrators. I'm always amazed that Bush's goons have not assassinated Hugo. If others showed a tenth of Hugo's courage there would be peace in the World.

Another part is America's need of boogiemen. Don't you know that all of South America admires him for standing up to Bush so effectively. With the US track record there it was always going to be easy for Hugo to gain nearly full support in the US's backyard.

The main reason is ...