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News & Current Events Discuss Latin America holds one fifth of world's oil at the General Forum; Latin America holds one fifth of world's oil - Features - Al Jazeera English In 2009, confirmed discoveries increased by ...

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Old 07-17-2011, 07:09 PM
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Default Latin America holds one fifth of world's oil

Latin America holds one fifth of world's oil - Features - Al Jazeera English
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In 2009, confirmed discoveries increased by 20 per cent worldwide, while the increase in Latin America and the Caribbean was 40 per cent.
It must drive the eco-nuts even nuttier when they hear stuff like this.
Despite all the oil being used worldwide, the reserves keep increasing.
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Old 07-17-2011, 09:30 PM
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Default Re: Latin America holds one fifth of world's oil

what gets me is the nuts in this country. they won't let us drill which is depriving us of jobs and needed revenue. But hey why not let the third world countries enjoy some good times.......
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Old 07-18-2011, 10:42 AM
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Default Re: Latin America holds one fifth of world's oil

It seems like we're finding new sources of oil faster than we're consuming oil. A lot of the eco-nuts talk about conserving this resource, but I'd love to see us suck the last oil field dry just as we move to 100% fusion power. The only downside is that all the old muscle cars would have to be converted to alcohol, instead of gasoline and it just wouldn't smell right.
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