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Investments glossary

Oil Reserves


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Quotes of the day:

Let me tell you something that we Israelis have against Moses. He took us 40 years through the desert in order to bring us to the one spot in the Middle East that has no oil!

— Golda Meir

Oil reserves are an estimate of the amount of crude oil located in a particular economic region. Oil reserves must have the potential of being extracted under current technological constraints. For example, oil pools situated in unattainable depths would not be considered part of the nation’s reserves. Reserves are calculated based on a proven/probable basis.

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