Talk:Oil reserves in Venezuela

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USGS Employees[edit]

The first sentence of the second paragraph notes the number of employees the USGS ("(a bureau of the United States Department of the Interior that employs approximately 8,670 people)") has when referring to its estimates of Venezuelan oil reserves. What possible relevance does this have to an article about Venezuela's oil reserves?--96.51.216.224 (talk) 02:02, 31 January 2012 (UTC)[reply]

Untitled[edit]

This site: [New Estimate of Venezuela's Total Oil Reserves Makes It the Grandest of Grand Prizes for US] must be read. This other site: [Fall] also is important about this subject.Agre22 (talk) 13:55, 22 August 2009 (UTC)agre22[reply]

Questioning OPEC's Figures[edit]

According to Matthew Simmons, there is some reason to question OPEC's figures vis a vis Saudi Arabia's alleged reserves. Regardless of whether or not Simmons was a Peak Oil Conspiracy Theorist, the Wall Street Journal (see: A Cartel and Its Snakeoil ) was comfortable (re?)publishing the allegation that OPEC's numbers come from a network of spies managed by one guy in Switzerland -- because the Saudis are very secretive on the subject -- and it's those numbers OR NO NUMBERS. This is surely worth mentioning in the context of questions about who exactly has the world's greatest proven oil reserves.

Kiosacoup (talk) 20:01, 23 January 2011 (UTC)[reply]

If these conspiracy-flavoured things have to be mentioned anywhere, that'd be better OPEC article. Inserting it exclusively to the article about Venezuela oil reserves and giving it so much prominence is wrong. Better avoid this conspiracy topic at all or insert it to OPEC article with no more than a small note about it made in the articles both on oil reserves in Venezuela and oil reserves in Saudi Arabia. GreyHood Talk 20:20, 23 January 2011 (UTC)[reply]

GreyHood, can you link to a reliable source that in fact proves that Saudi Arabia's reserves have been scientifically established? Any self-respecting geek managing an investment portfolio would ask for at least that.

I have only been able to come up with the "network of spies" mentioned in the Wall Street Journal.

The United States Geological Survey employs over 8,000 people who are either scientists or support the work of those scientists in the fields of biology, geography, geology and hydrology. That's the square one of Venezuela's "proven" reserves, and Venezuela didn't just accept those estimates wholesale. They took a year to come up with a more modest estimate they felt they and their investors could trust. Surely there's something similar backing up the thesis of Saudi Arabia's reserves.

Are you, bac, the one that added the aforementioned "small note" in oil reserves in Saudi Arabia? The first thing that entry asserts is that Saudi Arabia's reserves have been "proven" - and then the entry gives the nest of spies as their reliable source! Quite astonishing.

Kiosacoup (talk) 15:19, 30 January 2011 (UTC)[reply]

Generally, any official announcements by the UN-recognized countries should be considered reliable, and there should be no bias towards Venezuela or OPEC. The United States Geological Survey is certainly a reliable and independent source, and since it puts much higher estimate of reserves than Venezuela government, I see no problem with the Venezuelan claim. Any information about the general credibility of OPEC data should be inserted into OPEC article, and only then to the articles about oil reserves of the OPEC constituent states, in the form of small notes and without violating WP:UNDUE or WP:NPOV. That's my opinion. GreyHood Talk 15:33, 30 January 2011 (UTC)[reply]
And I haven't edited the oil reserves in Saudi Arabia, if your last question have been directed to me. GreyHood Talk 15:33, 30 January 2011 (UTC)[reply]

New figure[edit]

Hello! Excuse me because the information is in Spanish, but there is evidence that Venezuela is the second largest proven reserves in the world, as this site says and more. Here you have the link to see him: http://www.guia.com.ve/noti/28774/venezuela-es-el-segundo-pais-del-mundo-con-mayores-reservas-probadas-de-petroleo. Today, that examines whether Venezuela could reach 587,040,000,0 proven reserves in the world, ranking in the first place (this is unproven).

I apologize for my bad English, --Katuketi (talk) 17:54, 18 April 2010 (UTC)[reply]

Katuketi, your link is dated 16/09/2008. As recently as last summer (August 2010) Venezuela doubted the assessment of the USGS report (see :MercoPress July 15, 2010). They've since changed their mind. Perhaps because they've gotten a second opinion (see: Russian oil companies line up for Venezuelan bonanza 30 March 2010).

Kiosacoup (talk) 20:01, 23 January 2011 (UTC)[reply]

Oil Sands[edit]

When it says "In addition to conventional oil, Venezuela has oil sands deposits similar in size to those of Canada (approximately equal to the world's reserves of conventional oil)." is it the Venezuelan, Canadian, or total oil sands deposits that are approximately equal to the world's reserves of conventional oil? Aero13792468 (talk) 12:40, 22 January 2011 (UTC)[reply]

Light oil reserves?[edit]

Although Venezuela's heavy oil deposits lead the world, it still has a significant amount of light crude. One article puts their proven reserves of light oil at 20 billion barrels.[1]

That figure alone would make Venezuela's light oil reserves higher than neighboring Brazil (13 billion[2]) and fellow OPEC member Algeria (12 billion[3])

Marzolian (talk) 07:00, 22 October 2014 (UTC)[reply]

References

  1. ^ http://www.jsg.utexas.edu/lacp/2013/11/at-the-wellhead-venezuela%E2%80%99s-upgraders-are-maxed-out-to-handle-its-heavy-oil/
  2. ^ http://www.eia.gov/countries/cab.cfm?fips=BR
  3. ^ http://www.eia.gov/countries/cab.cfm?fips=AG

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Status of Citgo[edit]

Saying that Venezuela owns the Citgo chain is very misleading. Venezuela owns Citgo, which owns three US refineries. However, Citgo itself owns no gasoline stations; all Citgo stations are independently owned.

https://www.citgo.com/CITGOforYourBusiness/RetailGasoline/FastFacts.jsp — Preceding unsigned comment added by Marzolian (talk • contribs) 00:54, 29 March 2017 (UTC)[reply]

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