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Wednesday, July 20, 2011

Venezuela's Reserves Top Saudi Reserves -- Nothing To Do With The Bakken

Link here.
OPEC's growth in oil reserves was mainly due to Venezuela, whose holdings climbed to 296.5 billion barrels from 211.2 billion in 2009, the report said. Top OPEC exporter Saudi Arabia's reserves were steady at 264.5 billion barrels.
Very interesting data point in view of recent world events. 

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