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Map of countries with proven oil reserves - according to US EIA (start of 2017) Trends in proven oil reserves in top five countries, 1980–2013 (data from US Energy Information Administration) A map of world oil reserves according to OPEC, January 2014
Commercial crude oil stock pile. The Strategic Petroleum Reserve (SPR) is an emergency stockpile of petroleum maintained by the United States Department of Energy (DOE). It is the largest publicly known emergency supply in the world; its underground tanks in Louisiana and Texas have capacity for 714 million barrels (113,500,000 m 3). [1]
Strategic reserves are intended to be used to cover short-term supply disruptions. In 2004, approximately 4.1 billion barrels (650,000,000 m 3) of oil was held in strategic reserves by International Energy Agency member states, of which 1.4 billion is government-controlled and the remainder held by private industry. [1]
Mexican officials announced Tuesday what they claimed was $20 billion in new foreign direct investment in Mexico, but much of that was neither new, nor completely certain.
The next week was the third down week for WTI, which ended at $80.79, and Brent, which fell to $82.17. The dollar was strong, President Joe Biden was considering releasing oil from the Strategic Petroleum Reserve, and the Federal Reserve was considering increasing interest rates to deal with inflation. Also, the U.S. oil and gas rig count was ...
As of 2007, the proven oil reserves in Mexico were 12.4 billion barrels (1.97 × 10 ^ 9 m 3). The US Energy Information Administration estimated Mexican proved reserves to be 10.3 billion barrels (1.64 × 10 ^ 9 m 3 ) as of 2013.
The CEO met virtually with Biden in October 2021 and then was in Washington in person the following January where he announced Intel's plans to build a $20 billion facility near Columbus, Ohio.
CHANDLER, Arizona (Reuters) -President Joe Biden awarded Intel nearly $20 billion in grants and loans on Wednesday, marking the U.S. government's largest outlay to subsidize leading-edge chip ...