Bob Jent posted: There is a vast underground oil reserve in the Middle East region of the world. It has been in use for over 6,500 years. In ancient times, it seeped to the surface in sticky black pools and lumps. Oil springs, bitumen seeps and oil-bearing rock made petroleum readily available all more...
dylan posted: As the United States considers attacking Iraq, pushing the oil prices higher, China has again focused on the stabilization of its oil supply. Its plans to prevent disruptions to its oil reserve, according to a recent report by China Daily. Analysts said China pulled out to encourage t more...
Bob Jent posted: Many people are surprised to hear that we’ve been using oil for almost seven thousand years. At first, we used oil that seeped to the surface in the form of thick black tar. In the Middle East, there is a huge oil reserve underground. In this area, there have been enormous o more...
Austin Culley posted: This is a list of countries with proven reachable oil reserves in billions of barrels, and is a rough estimate based on the ability to recover the oil by current technological and economical means. Saudi Arabia - 262 Saudi Arabia is the largest exporter of petroleum in the wor more...
Dylan Sun posted: As the United States considers attacking Iraq, pushing the oil prices higher, China has again focused on the stabilization of its oil supply. Its plans to prevent disruptions to its oil reserve, according to a recent report by China Daily. Analysts said China pulled out to encoura more...
