-
What is the Strategic Petroleum Reserve?
Oil has been released from the Strategic Petroleum Reserve three times since it was created in 1975.
published: 19 Oct 2022
-
The Risks of Rebuilding the US Strategic Petroleum Reserve
The record high release of crude oil from the US Strategic Petroleum Reserve, deployed to protect US consumers from shock of surging inflation, is scheduled to end this fall. When it does, the SPR will be at its lowest levels since pre-1985. What are the risks to the integrity of crude oil markets in rebuilding the SPR? Presented by @cmegroup: https://www.cmegroup.com/openmarkets/economics.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insights
Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm
Subscribe to our newest channel Quicktake Explained: https://bit.ly/3iERrup
Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your busin...
published: 12 Sep 2022
-
Where US gets its oil from and how strategic petroleum reserve is used | JUST THE FAQS
The U.S. is the largest crude oil producer in the world, but it still relies on oil from other countries. Here's why.
RELATED: Rising gas prices could affect your next road trip https://youtu.be/luioKomSC2E
Amid record inflation and skyrocketing gas prices, President Joe Biden is expected to again lean on the country’s strategic petroleum reserve for relief. This time the president announced plans to release up to 180 million barrels of oil — up to 1 million a day — from the reserve, the largest withdrawal in the reserve's history.
Biden first dipped into the reserve in November, when he announced the release of 50 million barrels of oil from the stockpile in an attempt to bring down energy prices. That was before Russia, one of the world’s largest oil producers, invaded Ukraine in Fe...
published: 01 Apr 2022
-
Why the U.S. Stores About 400 Million Oil Barrels in Caves | WSJ
After authorizing the largest release ever from the U.S. emergency strategic petroleum reserve, the Biden administration is signaling it will soon try to refill the stockpile. WSJ explains how this strategy can lower gas prices, and why some are skeptical that it will work.
Illustration: Jacob Reynolds
More from the Wall Street Journal:
Visit WSJ.com: http://www.wsj.com
Visit the WSJ Video Center: https://wsj.com/video
On Facebook: https://www.facebook.com/pg/wsj/videos/
On Twitter: https://twitter.com/WSJ
On Snapchat: https://on.wsj.com/2ratjSM
#SPR #Oil WSJ
published: 07 Nov 2022
-
Strategic Petroleum Reserve will become a live issue for Biden this summer, says RBC's Croft
Helima Croft, RBC Capital Markets global head of commodity strategy, joins 'Squawk on the Street' to discuss the situation in Damascus relative to oil prices, how the Strategic Petroleum Reserve will be used, and more.
published: 03 Apr 2024
-
Strategic Petroleum Reserve: Protecting U.S. from Severe Oil Supply Disruptions
In the event of a commercial supply disruption, the United States can turn to the emergency stockpiles of crude oil and petroleum products managed by the Department of Energy's Office of Petroleum Reserves (OPR). The mission of the OPR is to protect the United States economy from severe petroleum supply interruptions through the acquisition, storage, distribution and management of emergency petroleum stocks and to carry out U.S. obligations under the International Energy Program. The OPR manages three stockpiles: the Strategic Petroleum Reserve, the Northeast Home Heating Oil Reserve, and the Northeast Gasoline Supply Reserve. OPR also manages the Naval Petroleum and Oil Shale Reserves. LEARN MORE: https://www.Energy.gov/FE/Services/Petroleum-Reserves
---
Subscribe so you don't miss a vid...
published: 13 Dec 2018
-
US to release 50 million barrels of oil from strategic reserve | Inside Story
It's a rare move, that President Joe Biden hopes will help ease U.S. petrol prices and reduce inflation that have hit a 31-year high.
He's tapping into the Strategic Petroleum Reserve.
50 million barrels of oil are being released.
Several other countries have also agreed to use their emergency reserves.
Biden's critics say it's a temporary fix.
Some argue it's a political move to help his sagging approval ratings.
But the president says there isn't enough oil on the market to meet demand - and that's pushing up prices.
He's asked the Organization of Oil Producing Countries to increase its output.
- Follow us on Twitter: https://twitter.com/AJEnglish/
- Find us on Facebook: https://www.facebook.com/aljazeera/
- Check our website: https://www.aljazeera.com/
#US #Oil #Biden
published: 24 Nov 2021
-
How the U.S. Strategic Petroleum Reserve Works
President Joe Biden is using a rarely tapped resource to try and bring down energy prices. Here's how the Strategic Petroleum Reserve works.
published: 01 Apr 2022
-
What are the strategic petroleum reserves, and how do they impact gas prices? | Verify
The US is releasing 50 million barrels of oil from the reserves. Here's when we can see relief from high gas prices.
published: 24 Nov 2021
1:40
What is the Strategic Petroleum Reserve?
Oil has been released from the Strategic Petroleum Reserve three times since it was created in 1975.
Oil has been released from the Strategic Petroleum Reserve three times since it was created in 1975.
https://wn.com/What_Is_The_Strategic_Petroleum_Reserve
Oil has been released from the Strategic Petroleum Reserve three times since it was created in 1975.
- published: 19 Oct 2022
- views: 12016
1:18
The Risks of Rebuilding the US Strategic Petroleum Reserve
The record high release of crude oil from the US Strategic Petroleum Reserve, deployed to protect US consumers from shock of surging inflation, is scheduled to ...
The record high release of crude oil from the US Strategic Petroleum Reserve, deployed to protect US consumers from shock of surging inflation, is scheduled to end this fall. When it does, the SPR will be at its lowest levels since pre-1985. What are the risks to the integrity of crude oil markets in rebuilding the SPR? Presented by @cmegroup: https://www.cmegroup.com/openmarkets/economics.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insights
Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm
Subscribe to our newest channel Quicktake Explained: https://bit.ly/3iERrup
Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.
To watch complete coverage on Bloomberg Quicktake 24/7, visit http://www.bloomberg.com/qt/live, or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app.
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Instagram: https://www.instagram.com/quicktake
https://wn.com/The_Risks_Of_Rebuilding_The_US_Strategic_Petroleum_Reserve
The record high release of crude oil from the US Strategic Petroleum Reserve, deployed to protect US consumers from shock of surging inflation, is scheduled to end this fall. When it does, the SPR will be at its lowest levels since pre-1985. What are the risks to the integrity of crude oil markets in rebuilding the SPR? Presented by @cmegroup: https://www.cmegroup.com/openmarkets/economics.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insights
Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm
Subscribe to our newest channel Quicktake Explained: https://bit.ly/3iERrup
Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.
To watch complete coverage on Bloomberg Quicktake 24/7, visit http://www.bloomberg.com/qt/live, or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app.
Have a story to tell? Fill out this survey for a chance to have it featured on Bloomberg Quicktake: https://cor.us/surveys/27AF30
Connect with us on…
YouTube: https://www.youtube.com/user/Bloomberg
Breaking News on YouTube: https://www.youtube.com/c/BloombergQuickTakeNews
Twitter: https://twitter.com/quicktake
Facebook: https://www.facebook.com/quicktake
Instagram: https://www.instagram.com/quicktake
- published: 12 Sep 2022
- views: 6426
2:34
Where US gets its oil from and how strategic petroleum reserve is used | JUST THE FAQS
The U.S. is the largest crude oil producer in the world, but it still relies on oil from other countries. Here's why.
RELATED: Rising gas prices could affect y...
The U.S. is the largest crude oil producer in the world, but it still relies on oil from other countries. Here's why.
RELATED: Rising gas prices could affect your next road trip https://youtu.be/luioKomSC2E
Amid record inflation and skyrocketing gas prices, President Joe Biden is expected to again lean on the country’s strategic petroleum reserve for relief. This time the president announced plans to release up to 180 million barrels of oil — up to 1 million a day — from the reserve, the largest withdrawal in the reserve's history.
Biden first dipped into the reserve in November, when he announced the release of 50 million barrels of oil from the stockpile in an attempt to bring down energy prices. That was before Russia, one of the world’s largest oil producers, invaded Ukraine in February, driving the west to impose tough sanctions on Russian oil and putting a further strain on the world’s oil supply.
» Subscribe to USA TODAY: http://bit.ly/1xa3XAh
» Watch more on this and other topics from USA TODAY: https://bit.ly/3Lr0bzs
» USA TODAY delivers current local and national news, sports, entertainment, finance, technology, and more through award-winning journalism, photos, videos and VR.
#Gas #GasPrices #OilReserves
https://wn.com/Where_US_Gets_Its_Oil_From_And_How_Strategic_Petroleum_Reserve_Is_Used_|_Just_The_Faqs
The U.S. is the largest crude oil producer in the world, but it still relies on oil from other countries. Here's why.
RELATED: Rising gas prices could affect your next road trip https://youtu.be/luioKomSC2E
Amid record inflation and skyrocketing gas prices, President Joe Biden is expected to again lean on the country’s strategic petroleum reserve for relief. This time the president announced plans to release up to 180 million barrels of oil — up to 1 million a day — from the reserve, the largest withdrawal in the reserve's history.
Biden first dipped into the reserve in November, when he announced the release of 50 million barrels of oil from the stockpile in an attempt to bring down energy prices. That was before Russia, one of the world’s largest oil producers, invaded Ukraine in February, driving the west to impose tough sanctions on Russian oil and putting a further strain on the world’s oil supply.
» Subscribe to USA TODAY: http://bit.ly/1xa3XAh
» Watch more on this and other topics from USA TODAY: https://bit.ly/3Lr0bzs
» USA TODAY delivers current local and national news, sports, entertainment, finance, technology, and more through award-winning journalism, photos, videos and VR.
#Gas #GasPrices #OilReserves
- published: 01 Apr 2022
- views: 41087
5:36
Why the U.S. Stores About 400 Million Oil Barrels in Caves | WSJ
After authorizing the largest release ever from the U.S. emergency strategic petroleum reserve, the Biden administration is signaling it will soon try to refill...
After authorizing the largest release ever from the U.S. emergency strategic petroleum reserve, the Biden administration is signaling it will soon try to refill the stockpile. WSJ explains how this strategy can lower gas prices, and why some are skeptical that it will work.
Illustration: Jacob Reynolds
More from the Wall Street Journal:
Visit WSJ.com: http://www.wsj.com
Visit the WSJ Video Center: https://wsj.com/video
On Facebook: https://www.facebook.com/pg/wsj/videos/
On Twitter: https://twitter.com/WSJ
On Snapchat: https://on.wsj.com/2ratjSM
#SPR #Oil WSJ
https://wn.com/Why_The_U.S._Stores_About_400_Million_Oil_Barrels_In_Caves_|_Wsj
After authorizing the largest release ever from the U.S. emergency strategic petroleum reserve, the Biden administration is signaling it will soon try to refill the stockpile. WSJ explains how this strategy can lower gas prices, and why some are skeptical that it will work.
Illustration: Jacob Reynolds
More from the Wall Street Journal:
Visit WSJ.com: http://www.wsj.com
Visit the WSJ Video Center: https://wsj.com/video
On Facebook: https://www.facebook.com/pg/wsj/videos/
On Twitter: https://twitter.com/WSJ
On Snapchat: https://on.wsj.com/2ratjSM
#SPR #Oil WSJ
- published: 07 Nov 2022
- views: 406408
4:04
Strategic Petroleum Reserve will become a live issue for Biden this summer, says RBC's Croft
Helima Croft, RBC Capital Markets global head of commodity strategy, joins 'Squawk on the Street' to discuss the situation in Damascus relative to oil prices, h...
Helima Croft, RBC Capital Markets global head of commodity strategy, joins 'Squawk on the Street' to discuss the situation in Damascus relative to oil prices, how the Strategic Petroleum Reserve will be used, and more.
https://wn.com/Strategic_Petroleum_Reserve_Will_Become_A_Live_Issue_For_Biden_This_Summer,_Says_Rbc's_Croft
Helima Croft, RBC Capital Markets global head of commodity strategy, joins 'Squawk on the Street' to discuss the situation in Damascus relative to oil prices, how the Strategic Petroleum Reserve will be used, and more.
- published: 03 Apr 2024
- views: 10150
53:44
Strategic Petroleum Reserve: Protecting U.S. from Severe Oil Supply Disruptions
In the event of a commercial supply disruption, the United States can turn to the emergency stockpiles of crude oil and petroleum products managed by the Depart...
In the event of a commercial supply disruption, the United States can turn to the emergency stockpiles of crude oil and petroleum products managed by the Department of Energy's Office of Petroleum Reserves (OPR). The mission of the OPR is to protect the United States economy from severe petroleum supply interruptions through the acquisition, storage, distribution and management of emergency petroleum stocks and to carry out U.S. obligations under the International Energy Program. The OPR manages three stockpiles: the Strategic Petroleum Reserve, the Northeast Home Heating Oil Reserve, and the Northeast Gasoline Supply Reserve. OPR also manages the Naval Petroleum and Oil Shale Reserves. LEARN MORE: https://www.Energy.gov/FE/Services/Petroleum-Reserves
---
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Check out our cool pics on http://instagram.com/energy
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Keep up with the Tweets at http://twitter.com/ENERGY
https://wn.com/Strategic_Petroleum_Reserve_Protecting_U.S._From_Severe_Oil_Supply_Disruptions
In the event of a commercial supply disruption, the United States can turn to the emergency stockpiles of crude oil and petroleum products managed by the Department of Energy's Office of Petroleum Reserves (OPR). The mission of the OPR is to protect the United States economy from severe petroleum supply interruptions through the acquisition, storage, distribution and management of emergency petroleum stocks and to carry out U.S. obligations under the International Energy Program. The OPR manages three stockpiles: the Strategic Petroleum Reserve, the Northeast Home Heating Oil Reserve, and the Northeast Gasoline Supply Reserve. OPR also manages the Naval Petroleum and Oil Shale Reserves. LEARN MORE: https://www.Energy.gov/FE/Services/Petroleum-Reserves
---
Subscribe so you don't miss a video http://youtube.com/energygov
Check out our cool pics on http://instagram.com/energy
Listen to our Podcast http://energy.gov/podcast
More to Learn on http://Facebook.com/energygov
Keep up with the Tweets at http://twitter.com/ENERGY
- published: 13 Dec 2018
- views: 9558
25:01
US to release 50 million barrels of oil from strategic reserve | Inside Story
It's a rare move, that President Joe Biden hopes will help ease U.S. petrol prices and reduce inflation that have hit a 31-year high.
He's tapping into the Str...
It's a rare move, that President Joe Biden hopes will help ease U.S. petrol prices and reduce inflation that have hit a 31-year high.
He's tapping into the Strategic Petroleum Reserve.
50 million barrels of oil are being released.
Several other countries have also agreed to use their emergency reserves.
Biden's critics say it's a temporary fix.
Some argue it's a political move to help his sagging approval ratings.
But the president says there isn't enough oil on the market to meet demand - and that's pushing up prices.
He's asked the Organization of Oil Producing Countries to increase its output.
- Follow us on Twitter: https://twitter.com/AJEnglish/
- Find us on Facebook: https://www.facebook.com/aljazeera/
- Check our website: https://www.aljazeera.com/
#US #Oil #Biden
https://wn.com/US_To_Release_50_Million_Barrels_Of_Oil_From_Strategic_Reserve_|_Inside_Story
It's a rare move, that President Joe Biden hopes will help ease U.S. petrol prices and reduce inflation that have hit a 31-year high.
He's tapping into the Strategic Petroleum Reserve.
50 million barrels of oil are being released.
Several other countries have also agreed to use their emergency reserves.
Biden's critics say it's a temporary fix.
Some argue it's a political move to help his sagging approval ratings.
But the president says there isn't enough oil on the market to meet demand - and that's pushing up prices.
He's asked the Organization of Oil Producing Countries to increase its output.
- Follow us on Twitter: https://twitter.com/AJEnglish/
- Find us on Facebook: https://www.facebook.com/aljazeera/
- Check our website: https://www.aljazeera.com/
#US #Oil #Biden
- published: 24 Nov 2021
- views: 20656
1:38
How the U.S. Strategic Petroleum Reserve Works
President Joe Biden is using a rarely tapped resource to try and bring down energy prices. Here's how the Strategic Petroleum Reserve works.
President Joe Biden is using a rarely tapped resource to try and bring down energy prices. Here's how the Strategic Petroleum Reserve works.
https://wn.com/How_The_U.S._Strategic_Petroleum_Reserve_Works
President Joe Biden is using a rarely tapped resource to try and bring down energy prices. Here's how the Strategic Petroleum Reserve works.
- published: 01 Apr 2022
- views: 8914
1:39
What are the strategic petroleum reserves, and how do they impact gas prices? | Verify
The US is releasing 50 million barrels of oil from the reserves. Here's when we can see relief from high gas prices.
The US is releasing 50 million barrels of oil from the reserves. Here's when we can see relief from high gas prices.
https://wn.com/What_Are_The_Strategic_Petroleum_Reserves,_And_How_Do_They_Impact_Gas_Prices_|_Verify
The US is releasing 50 million barrels of oil from the reserves. Here's when we can see relief from high gas prices.
- published: 24 Nov 2021
- views: 2951
-
How do Arab Countries have the largest oil reserves?
In this video, we explain briefly why do we get so much oil from Arab countries and how petroleum is produced, and the formation process of petroleum and also this video covers the following topics:
- The difference between coal and crude oil formation.
- Tethys Ocean, microbes, and planktons.
- Plate tectonics, continent drifting, how the Himalayas formed.
- How the middle east formed.
- conventional energy to renewable energy, list of renewable energy
published: 17 Aug 2022
-
Saudi Arabia Is Probably Lying About Their Oil Reserves
Lock In 7% With Government Bonds:
https://www.silomarkets.com/logic
Saudi Arabia is the richest Middle Eastern country in the world. This is all thanks to their massive oil reserves which have taken the country from a desolate wasteland to a thriving desert oasis. Their flagship company, Saudi Aramco, is worth about $2 trillion and they generally pull in some of the largest profits in the world. With all the wealth Saudi Arabia has gotten through oil in the past 100 years, they’re definitely not going anywhere anytime soon. However, we may not be able to say the same thing about their oil reserves. You see, there are actually a lot of red flags that are pointing towards Saudi Arabia lying about their oil reserves. Right after Saudi leadership took over Aramco in 1988, Saudi Arabia’s oil r...
published: 17 Aug 2022
-
Why Canada Refuses To Exploit Their Gigantic Oil Reserves
Lock In 7% With Government Bonds:
https://www.silomarkets.com/logic
Did you know that Canada has the third largest oil reserves in the entire world? With this much oil, you would expect them to have a trillion-dollar oil industry that boosts the economy and GDP of the entire country. But, oil actually only makes a small fraction of the Canadian economy. In fact, there are years when Saudi Aramco’s profits alone are greater than Canada’s oil-based GDP. So, clearly, Canada isn’t looking to exploit their oil reserves like the middle east but why? Well, one of the main reasons Canada doesn’t exploit their reserves is because they can’t really do that economically. The type of oil that Canada has, oil sands, is far more expensive to mine and refine than Middle Eastern oil. Not to mention, Cana...
published: 29 Aug 2022
-
Where US gets its oil from and how strategic petroleum reserve is used | JUST THE FAQS
The U.S. is the largest crude oil producer in the world, but it still relies on oil from other countries. Here's why.
RELATED: Rising gas prices could affect your next road trip https://youtu.be/luioKomSC2E
Amid record inflation and skyrocketing gas prices, President Joe Biden is expected to again lean on the country’s strategic petroleum reserve for relief. This time the president announced plans to release up to 180 million barrels of oil — up to 1 million a day — from the reserve, the largest withdrawal in the reserve's history.
Biden first dipped into the reserve in November, when he announced the release of 50 million barrels of oil from the stockpile in an attempt to bring down energy prices. That was before Russia, one of the world’s largest oil producers, invaded Ukraine in Fe...
published: 01 Apr 2022
-
Saudi oil reserves 'overstated'
The United States fears Saudi Arabia may not have enough oil reserves to prevent world prices rising sharply, according to cables from its embassy in Riyadh.
The cables, obtained by WikiLeaks, urge Washington to take heed of a warning from a former Saudi government oil executive that the kingdom's crude oil reserves may have been overstated by as much as 40 per cent.
US diplomats reported that Sadad al Husseini, the ex-head of exploration at Saudi oil monopoly Aramco, "disagreed" with Aramco's analysis that it had reserves of 716bn barrels and that would rise to 900bn barrels in 20 years.
The claims about the world's largest crude oil exporter, published in The Guardian newspaper on Wednesday, come as the price of oil has soared in recent weeks to more than $100 a barrel amid tens...
published: 09 Feb 2011
-
Brazil's pre-salt oil reserves
Buried beneath several kilometres of ocean, vast reserves of deep-water "pre-salt" oil lie off the southeast coast of Brazil. Experts say the fields, discovered in 2006, could yield a million barrels of crude per day within five years, potentially turning the country into one of the world's biggest exporters.VIDEOGRAPHIC
published: 31 Oct 2013
-
What is the Strategic Petroleum Reserve?
Oil has been released from the Strategic Petroleum Reserve three times since it was created in 1975.
published: 19 Oct 2022
-
World's largest oil reserves nation Venezuela has no fuel in its petrol stations? What went wrong?
New StudyIQ Channel - https://www.youtube.com/@UPSCCSEStudyIQ | Subscribe Now for Exclusive Videos and Amazing Content. Enrol to StudyIQ's Flagship UPSC IAS (Pre + Mains) LIVE Foundation Batch 9.
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published: 07 Feb 2021
-
Oil Reserves by Country #incorrys #energymarkets #energyanalysis #oilandgas #energyforecast #energy
published: 23 Dec 2024
-
Pakistan's '4th Largest Oil Reserve' Discovery: Will Money Go To People Or Get Snatched By Military?
Pakistan claims to have discovered massive oil and gas reserves in its territorial waters, sparking hopes of economic revival. But will this find be the game-changer Pakistan needs? Experts warn that high exploration costs, political instability, and years of development stand in the way. As oil-rich countries like Venezuela show, even massive reserves can't guarantee prosperity. Can Pakistan manage this opportunity wisely and avoid the pitfalls of corruption and mismanagement?
INTERNATIONAL NEWS
#PakistanOil #OilDiscovery #EconomicRevival #PakistanEconomy #EnergyCrisis #Petroleum #NaturalGas #PakistanNews
Hindustan Times Videos brings all the News for the Global Indian under one umbrella. We break down news from across the globe from the unique lens of a Rising India. Tune in for Expl...
published: 10 Sep 2024
4:28
How do Arab Countries have the largest oil reserves?
In this video, we explain briefly why do we get so much oil from Arab countries and how petroleum is produced, and the formation process of petroleum and also t...
In this video, we explain briefly why do we get so much oil from Arab countries and how petroleum is produced, and the formation process of petroleum and also this video covers the following topics:
- The difference between coal and crude oil formation.
- Tethys Ocean, microbes, and planktons.
- Plate tectonics, continent drifting, how the Himalayas formed.
- How the middle east formed.
- conventional energy to renewable energy, list of renewable energy
https://wn.com/How_Do_Arab_Countries_Have_The_Largest_Oil_Reserves
In this video, we explain briefly why do we get so much oil from Arab countries and how petroleum is produced, and the formation process of petroleum and also this video covers the following topics:
- The difference between coal and crude oil formation.
- Tethys Ocean, microbes, and planktons.
- Plate tectonics, continent drifting, how the Himalayas formed.
- How the middle east formed.
- conventional energy to renewable energy, list of renewable energy
- published: 17 Aug 2022
- views: 898202
12:33
Saudi Arabia Is Probably Lying About Their Oil Reserves
Lock In 7% With Government Bonds:
https://www.silomarkets.com/logic
Saudi Arabia is the richest Middle Eastern country in the world. This is all thanks to thei...
Lock In 7% With Government Bonds:
https://www.silomarkets.com/logic
Saudi Arabia is the richest Middle Eastern country in the world. This is all thanks to their massive oil reserves which have taken the country from a desolate wasteland to a thriving desert oasis. Their flagship company, Saudi Aramco, is worth about $2 trillion and they generally pull in some of the largest profits in the world. With all the wealth Saudi Arabia has gotten through oil in the past 100 years, they’re definitely not going anywhere anytime soon. However, we may not be able to say the same thing about their oil reserves. You see, there are actually a lot of red flags that are pointing towards Saudi Arabia lying about their oil reserves. Right after Saudi leadership took over Aramco in 1988, Saudi Arabia’s oil reserves suddenly jumped by 90 billion barrels. Not to mention, their reserves have stayed constant ever since despite having pumped out nearly 100 billion barrels of oil in the past 30 years. This means that Saudi Arabia has discovered 200 billion barrels of oil since the Americans left the country. Some high-level oil officials from Saudi Arabia have also been suggesting that their oil reserve figures are sketchy, to say the least. The purpose of all of this would be to keep the rest of the world dependent on Saudi Arabia for as long as possible because that is their biggest negotiating chip. This video explains why Saudi Arabia may have been lying about their oil reserves and why Saudi Arabia may run out of oil way sooner than we all think.
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Timestamps:
0:00 - The Evolution Of Saudi Arabia
1:23 - Sketchy Data
5:04 - Why Lie
8:38 - The Countdown
11:04 - The Future Of Saudi Arabia
Thumbnail Credits:
Bryan R Smith
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This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research.
https://www.silomarkets.com/disclosures
https://wn.com/Saudi_Arabia_Is_Probably_Lying_About_Their_Oil_Reserves
Lock In 7% With Government Bonds:
https://www.silomarkets.com/logic
Saudi Arabia is the richest Middle Eastern country in the world. This is all thanks to their massive oil reserves which have taken the country from a desolate wasteland to a thriving desert oasis. Their flagship company, Saudi Aramco, is worth about $2 trillion and they generally pull in some of the largest profits in the world. With all the wealth Saudi Arabia has gotten through oil in the past 100 years, they’re definitely not going anywhere anytime soon. However, we may not be able to say the same thing about their oil reserves. You see, there are actually a lot of red flags that are pointing towards Saudi Arabia lying about their oil reserves. Right after Saudi leadership took over Aramco in 1988, Saudi Arabia’s oil reserves suddenly jumped by 90 billion barrels. Not to mention, their reserves have stayed constant ever since despite having pumped out nearly 100 billion barrels of oil in the past 30 years. This means that Saudi Arabia has discovered 200 billion barrels of oil since the Americans left the country. Some high-level oil officials from Saudi Arabia have also been suggesting that their oil reserve figures are sketchy, to say the least. The purpose of all of this would be to keep the rest of the world dependent on Saudi Arabia for as long as possible because that is their biggest negotiating chip. This video explains why Saudi Arabia may have been lying about their oil reserves and why Saudi Arabia may run out of oil way sooner than we all think.
Earn Interest From The Government & Top Corporations:
(iOS App for US Residents)
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Timestamps:
0:00 - The Evolution Of Saudi Arabia
1:23 - Sketchy Data
5:04 - Why Lie
8:38 - The Countdown
11:04 - The Future Of Saudi Arabia
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- published: 17 Aug 2022
- views: 856431
11:59
Why Canada Refuses To Exploit Their Gigantic Oil Reserves
Lock In 7% With Government Bonds:
https://www.silomarkets.com/logic
Did you know that Canada has the third largest oil reserves in the entire world? With this ...
Lock In 7% With Government Bonds:
https://www.silomarkets.com/logic
Did you know that Canada has the third largest oil reserves in the entire world? With this much oil, you would expect them to have a trillion-dollar oil industry that boosts the economy and GDP of the entire country. But, oil actually only makes a small fraction of the Canadian economy. In fact, there are years when Saudi Aramco’s profits alone are greater than Canada’s oil-based GDP. So, clearly, Canada isn’t looking to exploit their oil reserves like the middle east but why? Well, one of the main reasons Canada doesn’t exploit their reserves is because they can’t really do that economically. The type of oil that Canada has, oil sands, is far more expensive to mine and refine than Middle Eastern oil. Not to mention, Canada has far higher labor costs as well. Aside from the oil not being easy to work with, Canada also doesn’t benefit from a super accessible location like the Middle East. They could overcome this issue by building up a strong oil infrastructure, but this has been constantly delayed by environmentalists. Despite all this, with Russian oil being sanctioned, it’s very possible that Canada rises to be a global oil giant in the coming years, but only if they leverage this opportunity. This video explains the various reasons that Canada does not exploit their oil reserves as much as the Middle East.
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0:00 - Canada’s Massive Reserves
1:26 - Economical Disability
4:33 - Location Location Location
7:29 - Environmental Havoc
10:02 - A Potential Opportunity
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https://wn.com/Why_Canada_Refuses_To_Exploit_Their_Gigantic_Oil_Reserves
Lock In 7% With Government Bonds:
https://www.silomarkets.com/logic
Did you know that Canada has the third largest oil reserves in the entire world? With this much oil, you would expect them to have a trillion-dollar oil industry that boosts the economy and GDP of the entire country. But, oil actually only makes a small fraction of the Canadian economy. In fact, there are years when Saudi Aramco’s profits alone are greater than Canada’s oil-based GDP. So, clearly, Canada isn’t looking to exploit their oil reserves like the middle east but why? Well, one of the main reasons Canada doesn’t exploit their reserves is because they can’t really do that economically. The type of oil that Canada has, oil sands, is far more expensive to mine and refine than Middle Eastern oil. Not to mention, Canada has far higher labor costs as well. Aside from the oil not being easy to work with, Canada also doesn’t benefit from a super accessible location like the Middle East. They could overcome this issue by building up a strong oil infrastructure, but this has been constantly delayed by environmentalists. Despite all this, with Russian oil being sanctioned, it’s very possible that Canada rises to be a global oil giant in the coming years, but only if they leverage this opportunity. This video explains the various reasons that Canada does not exploit their oil reserves as much as the Middle East.
Earn Interest From The Government & Top Corporations:
(iOS App for US Residents)
https://www.silomarkets.com/waiting-list-page
Free Weekly Newsletter With Insiders:
https://ppnewsletter.substack.com/
Socials:
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Discord Community:
https://discord.gg/SJUNWNt
Timestamps:
0:00 - Canada’s Massive Reserves
1:26 - Economical Disability
4:33 - Location Location Location
7:29 - Environmental Havoc
10:02 - A Potential Opportunity
Thumbnail Credits:
https://bit.ly/3AolLAO
https://bit.ly/3AsV7a6
Resources:
https://pastebin.com/XDBiZruE
Disclaimer:
This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research.
https://www.silomarkets.com/disclosures
- published: 29 Aug 2022
- views: 635399
2:34
Where US gets its oil from and how strategic petroleum reserve is used | JUST THE FAQS
The U.S. is the largest crude oil producer in the world, but it still relies on oil from other countries. Here's why.
RELATED: Rising gas prices could affect y...
The U.S. is the largest crude oil producer in the world, but it still relies on oil from other countries. Here's why.
RELATED: Rising gas prices could affect your next road trip https://youtu.be/luioKomSC2E
Amid record inflation and skyrocketing gas prices, President Joe Biden is expected to again lean on the country’s strategic petroleum reserve for relief. This time the president announced plans to release up to 180 million barrels of oil — up to 1 million a day — from the reserve, the largest withdrawal in the reserve's history.
Biden first dipped into the reserve in November, when he announced the release of 50 million barrels of oil from the stockpile in an attempt to bring down energy prices. That was before Russia, one of the world’s largest oil producers, invaded Ukraine in February, driving the west to impose tough sanctions on Russian oil and putting a further strain on the world’s oil supply.
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#Gas #GasPrices #OilReserves
https://wn.com/Where_US_Gets_Its_Oil_From_And_How_Strategic_Petroleum_Reserve_Is_Used_|_Just_The_Faqs
The U.S. is the largest crude oil producer in the world, but it still relies on oil from other countries. Here's why.
RELATED: Rising gas prices could affect your next road trip https://youtu.be/luioKomSC2E
Amid record inflation and skyrocketing gas prices, President Joe Biden is expected to again lean on the country’s strategic petroleum reserve for relief. This time the president announced plans to release up to 180 million barrels of oil — up to 1 million a day — from the reserve, the largest withdrawal in the reserve's history.
Biden first dipped into the reserve in November, when he announced the release of 50 million barrels of oil from the stockpile in an attempt to bring down energy prices. That was before Russia, one of the world’s largest oil producers, invaded Ukraine in February, driving the west to impose tough sanctions on Russian oil and putting a further strain on the world’s oil supply.
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» Watch more on this and other topics from USA TODAY: https://bit.ly/3Lr0bzs
» USA TODAY delivers current local and national news, sports, entertainment, finance, technology, and more through award-winning journalism, photos, videos and VR.
#Gas #GasPrices #OilReserves
- published: 01 Apr 2022
- views: 41087
4:28
Saudi oil reserves 'overstated'
The United States fears Saudi Arabia may not have enough oil reserves to prevent world prices rising sharply, according to cables from its embassy in Riyadh.
...
The United States fears Saudi Arabia may not have enough oil reserves to prevent world prices rising sharply, according to cables from its embassy in Riyadh.
The cables, obtained by WikiLeaks, urge Washington to take heed of a warning from a former Saudi government oil executive that the kingdom's crude oil reserves may have been overstated by as much as 40 per cent.
US diplomats reported that Sadad al Husseini, the ex-head of exploration at Saudi oil monopoly Aramco, "disagreed" with Aramco's analysis that it had reserves of 716bn barrels and that would rise to 900bn barrels in 20 years.
The claims about the world's largest crude oil exporter, published in The Guardian newspaper on Wednesday, come as the price of oil has soared in recent weeks to more than $100 a barrel amid tensions in the Middle East and global demand.
Al Jazeera's Imran Khan reports.
https://wn.com/Saudi_Oil_Reserves_'overstated'
The United States fears Saudi Arabia may not have enough oil reserves to prevent world prices rising sharply, according to cables from its embassy in Riyadh.
The cables, obtained by WikiLeaks, urge Washington to take heed of a warning from a former Saudi government oil executive that the kingdom's crude oil reserves may have been overstated by as much as 40 per cent.
US diplomats reported that Sadad al Husseini, the ex-head of exploration at Saudi oil monopoly Aramco, "disagreed" with Aramco's analysis that it had reserves of 716bn barrels and that would rise to 900bn barrels in 20 years.
The claims about the world's largest crude oil exporter, published in The Guardian newspaper on Wednesday, come as the price of oil has soared in recent weeks to more than $100 a barrel amid tensions in the Middle East and global demand.
Al Jazeera's Imran Khan reports.
- published: 09 Feb 2011
- views: 23388
1:13
Brazil's pre-salt oil reserves
Buried beneath several kilometres of ocean, vast reserves of deep-water "pre-salt" oil lie off the southeast coast of Brazil. Experts say the fields, discovered...
Buried beneath several kilometres of ocean, vast reserves of deep-water "pre-salt" oil lie off the southeast coast of Brazil. Experts say the fields, discovered in 2006, could yield a million barrels of crude per day within five years, potentially turning the country into one of the world's biggest exporters.VIDEOGRAPHIC
https://wn.com/Brazil's_Pre_Salt_Oil_Reserves
Buried beneath several kilometres of ocean, vast reserves of deep-water "pre-salt" oil lie off the southeast coast of Brazil. Experts say the fields, discovered in 2006, could yield a million barrels of crude per day within five years, potentially turning the country into one of the world's biggest exporters.VIDEOGRAPHIC
- published: 31 Oct 2013
- views: 15186
1:40
What is the Strategic Petroleum Reserve?
Oil has been released from the Strategic Petroleum Reserve three times since it was created in 1975.
Oil has been released from the Strategic Petroleum Reserve three times since it was created in 1975.
https://wn.com/What_Is_The_Strategic_Petroleum_Reserve
Oil has been released from the Strategic Petroleum Reserve three times since it was created in 1975.
- published: 19 Oct 2022
- views: 12016
15:26
World's largest oil reserves nation Venezuela has no fuel in its petrol stations? What went wrong?
New StudyIQ Channel - https://www.youtube.com/@UPSCCSEStudyIQ | Subscribe Now for Exclusive Videos and Amazing Content. Enrol to StudyIQ's Flagship UPSC IAS (P...
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https://wn.com/World's_Largest_Oil_Reserves_Nation_Venezuela_Has_No_Fuel_In_Its_Petrol_Stations_What_Went_Wrong
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Join our flagship ‘UPSC IAS Live SIP+ 2023 Batch’ to prepare for prelims 2023 exam.
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UPSC Civil Services Examination is the most prestigious exam in the country. It is important to lay a comprehensive and strong General Studies foundation for the exam. Both Prelims and Mains can’t be cleared without a strong Foundation. Time is running out and seats are limited for the batch.
Join StudyIQ’s Test Series for various examinations and evaluate your preparation.
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Optional Papers are an important component of the Mains examination. Without a good score in Optionals, it is difficult to get a good rank. Increase your chances of scoring 300+ in optionals.
UPSC IAS (Mains) LIVE Optional Batches : https://bit.ly/3DrHsmw
UPSC IAS (Mains) LIVE PSIR Optional Batch 3
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The important course features are -
1. 1000+ Hours of Live teaching by our faculties
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5. Answer writing program guided by our experienced faculties
6. Daily Current Affairs Programme (CAP) PDF + Videos covering multiple sources
7. Benchmarking of students through weekly revision tests for students
8. Prelims Test Series to make you battle ready for Prelims exam
9. Gyanvani sessions by senior bureaucrats, selected candidates and senior aspirants
10. CSAT Lectures to help to adapt with changing patterns of examination.
Gaurav Sir Courses - One-Stop Solution for Current Affairs of all Government Exams.
Gaurav Sir Current Affairs https://bit.ly/3jwDRsv
Complete Static GK by Dr. Gaurav Garg https://bit.ly/3O0FaxE
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Vipan Sir Courses - Courses to help you gain an edge with MCQs preparation
10000 MCQs of GA by Vipan Sir https://bit.ly/367qqMi
GS - Dr. Vipan Goyal https://bit.ly/3vbslbn
StudyIQ is known for its superlative content and UPSC Books. Check the following links to order Books
Principles of Geography
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Flipkart: https://bit.ly/3yVffAT
Fundamentals of Geography
Flipkart: https://bit.ly/3MCUz6a
Amazon: https://amzn.to/3PzEQXy
Indian Economy
Amazon : https://amzn.to/3zS4mls
Flipkart: https://bit.ly/3xTdO5m
Indian Art and Culture
Amazon : https://amzn.to/3BhVypR
Flipkart: https://bit.ly/3OXyRKN
Modern Indian History
Amazon: https://bit.ly/3AnIC07
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For any doubt, Call 080-6897-3353 or Click here for Whatsapp Chat http://wa.me/917703861353
- published: 07 Feb 2021
- views: 189517
3:57
Pakistan's '4th Largest Oil Reserve' Discovery: Will Money Go To People Or Get Snatched By Military?
Pakistan claims to have discovered massive oil and gas reserves in its territorial waters, sparking hopes of economic revival. But will this find be the game-ch...
Pakistan claims to have discovered massive oil and gas reserves in its territorial waters, sparking hopes of economic revival. But will this find be the game-changer Pakistan needs? Experts warn that high exploration costs, political instability, and years of development stand in the way. As oil-rich countries like Venezuela show, even massive reserves can't guarantee prosperity. Can Pakistan manage this opportunity wisely and avoid the pitfalls of corruption and mismanagement?
INTERNATIONAL NEWS
#PakistanOil #OilDiscovery #EconomicRevival #PakistanEconomy #EnergyCrisis #Petroleum #NaturalGas #PakistanNews
Hindustan Times Videos brings all the News for the Global Indian under one umbrella. We break down news from across the globe from the unique lens of a Rising India. Tune in for Explainers, Opinions, Analysis and a 360 degree view of big events in India and the World which impact your present and future.
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https://wn.com/Pakistan's_'4Th_Largest_Oil_Reserve'_Discovery_Will_Money_Go_To_People_Or_Get_Snatched_By_Military
Pakistan claims to have discovered massive oil and gas reserves in its territorial waters, sparking hopes of economic revival. But will this find be the game-changer Pakistan needs? Experts warn that high exploration costs, political instability, and years of development stand in the way. As oil-rich countries like Venezuela show, even massive reserves can't guarantee prosperity. Can Pakistan manage this opportunity wisely and avoid the pitfalls of corruption and mismanagement?
INTERNATIONAL NEWS
#PakistanOil #OilDiscovery #EconomicRevival #PakistanEconomy #EnergyCrisis #Petroleum #NaturalGas #PakistanNews
Hindustan Times Videos brings all the News for the Global Indian under one umbrella. We break down news from across the globe from the unique lens of a Rising India. Tune in for Explainers, Opinions, Analysis and a 360 degree view of big events in India and the World which impact your present and future.
Follow the Hindustan Times Channel on WhatsApp for News Alerts, Top Stories and Editor picks. Join Us Today - https://www.bit.ly/3PQ4kSv
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- published: 10 Sep 2024
- views: 122577