dmtree postarchive
"Venezuela has vast deposits of extra-heavy oil and tar sands in the Orinoco basin which traditionally are not inventoried because they were too expensive to exploit, but at 50 US dollars melting them into liquid petroleum becomes extremely profitable. The DoE estimates that the Venezuelan government controls 1.3 trillion barrels of oil - more than the entire declared oil reserves of the rest of the planet. Venezuela's deposits alone could extend the oil age for another 100 years." - dave 4-13-2006 4:43 pm [link] [11 comments]