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Investments glossary

Oil Reserves


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Quotes of the day:

Toenail fungus responds rather brilliantly to tamanu oil, if you put the oil on the nail, it will get rid of the fungus.

— Chris Kilham

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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