Global Oil Reserves

April 22, 2017

Oil reserves by country, their value at $50 per barrel, and loss each would incur if 80% is left in the ground to cope with climate change. Since most of the financial wealth in the world is owned by a minuscule percent of the population (10% in the U.S.) they, not the mass of the people, would lose the most. This begs the question, what would have to happen for them to agree to suffer such losses?

RankCountry   BBL (2016) Value (U.S.$50/Bl)80% in Ground (Loss)
1Venezuela300,000,000,000$15,000,000,000,00012,000,000,000,000
2Saudi Arabia269,000,000,000$13,450,000,000,00010,760,000,000,000
3Canada171,000,000,000$8,550,000,000,0006,840,000,000,000
4Iran157,800,000,000$7,890,000,000,0006,312,000,000,000
5Iraq143,000,000,000$7,150,000,000,0005,720,000,000,000
6Kuwait104,000,000,000$5,200,000,000,0004,160,000,000,000
7United Arab Emirates98,000,000,000$4,900,000,000,0003,920,000,000,000
8Russia80,000,000,000$4,000,000,000,0003,200,000,000,000
9Libya48,360,000,000$2,418,000,000,0001,934,400,000,000
10Nigeria37,000,000,000$1,850,000,000,0001,480,000,000,000
11United States36,520,000,000$1,826,000,000,0001,460,800,000,000
12Kazakhstan30,000,000,000$1,500,000,000,0001,200,000,000,000
13Qatar25,000,000,000$1,250,000,000,0001,000,000,000,000
14China25,000,000,000$1,250,000,000,0001,000,000,000,000
15Brazil16,000,000,000$800,000,000,000640,000,000,000
16Algeria12,000,000,000$600,000,000,000480,000,000,000
17Mexico9,700,000,000$485,000,000,000388,000,000,000
18Ecuador8,832,000,000$441,600,000,000353,280,000,000
19Angola8,400,000,000$420,000,000,000336,000,000,000
20Azerbaijan7,000,000,000$350,000,000,000280,000,000,000
21India5,675,000,000$283,750,000,000227,000,000,000
22Oman5,300,000,000$265,000,000,000212,000,000,000
23Norway5,100,000,000$255,000,000,000204,000,000,000
24Sudan5,000,000,000$250,000,000,000200,000,000,000
25Vietnam4,400,000,000$220,000,000,000176,000,000,000
26Egypt4,400,000,000$220,000,000,000176,000,000,000
27South Sudan3,750,000,000$187,500,000,000150,000,000,000
28Indonesia3,693,000,000$184,650,000,000147,720,000,000
29Malaysia3,600,000,000$180,000,000,000144,000,000,000
30Yemen3,000,000,000$150,000,000,000120,000,000,000
31United Kingdom2,800,000,000$140,000,000,000112,000,000,000
32Uganda2,500,000,000$125,000,000,000100,000,000,000
33Syria2,500,000,000$125,000,000,000100,000,000,000
34Argentina2,400,000,000$120,000,000,00096,000,000,000
35Colombia2,300,000,000$115,000,000,00092,000,000,000
36Gabon2,000,000,000$100,000,000,00080,000,000,000
37Congo1,600,000,000$80,000,000,00064,000,000,000
38Chad1,500,000,000$75,000,000,00060,000,000,000
39Australia1,200,000,000$60,000,000,00048,000,000,000
40Brunei1,100,000,000$55,000,000,00044,000,000,000
41Equatorial Guinea1,100,000,000$55,000,000,00044,000,000,000
42Peru700,000,000$35,000,000,00028,000,000,000
43Trinidad and Tobago700,000,000$35,000,000,00028,000,000,000
44Ghana660,000,000$33,000,000,00026,400,000,000
45Denmark611,000,000$30,550,000,00024,440,000,000
46Turkmenistan600,000,000$30,000,000,00024,000,000,000
47Romania600,000,000$30,000,000,00024,000,000,000
48Uzbekistan600,000,000$30,000,000,00024,000,000,000
49Italy544,500,000$27,225,000,00021,780,000,000
50Japan541,600,000$27,080,000,00021,664,000,000
51Tunisia400,000,000$20,000,000,00016,000,000,000
52Thailand400,000,000$20,000,000,00016,000,000,000
53Pakistan400,000,000$20,000,000,00016,000,000,000
54Ukraine400,000,000$20,000,000,00016,000,000,000
55Turkey300,000,000$15,000,000,00012,000,000,000
56Bolivia209,800,000$10,490,000,0008,392,000,000
57Cameroon200,000,000$10,000,000,0008,000,000,000
58Papua New Guinea200,000,000$10,000,000,0008,000,000,000
59Belarus200,000,000$10,000,000,0008,000,000,000
60Albania200,000,000$10,000,000,0008,000,000,000
61Congo180,000,000$9,000,000,0007,200,000,000
62Niger150,000,000$7,500,000,0006,000,000,000
63Spain150,000,000$7,500,000,0006,000,000,000
64Chile150,000,000$7,500,000,0006,000,000,000
65Netherlands144,700,000$7,235,000,0005,788,000,000
66Cuba124,000,000$6,200,000,0004,960,000,000
67Cote d’Ivoire100,000,000$5,000,000,0004,000,000,000
68Poland100,000,000$5,000,000,0004,000,000,000
69Germany100,000,000$5,000,000,0004,000,000,000
70Serbia100,000,000$5,000,000,0004,000,000,000
71Philippines100,000,000$5,000,000,0004,000,000,000
72Bahrain100,000,000$5,000,000,0004,000,000,000
73Suriname88,970,000$4,448,500,0003,558,800,000
74France84,080,000$4,204,000,0003,363,200,000
75Guatemala83,070,000$4,153,500,0003,322,800,000
76Croatia71,000,000$3,550,000,0002,840,000,000
77New Zealand67,200,000$3,360,000,0002,688,000,000
78Burma50,000,000$2,500,000,0002,000,000,000
79Austria47,500,000$2,375,000,0001,900,000,000
80Kyrgyzstan40,000,000$2,000,000,0001,600,000,000
81Georgia35,000,000$1,750,000,0001,400,000,000
82Bangladesh28,000,000$1,400,000,0001,120,000,000
83Hungary27,190,000$1,359,500,0001,087,600,000
84Mauritania20,000,000$1,000,000,000800,000,000
85South Africa15,000,000$750,000,000600,000,000
86Czechia15,000,000$750,000,000600,000,000
87Bulgaria15,000,000$750,000,000600,000,000
88Israel13,950,000$697,500,000558,000,000
89Lithuania12,000,000$600,000,000480,000,000
90Tajikistan12,000,000$600,000,000480,000,000
91Taiwan10,060,000$503,000,000402,400,000
92Greece10,000,000$500,000,000400,000,000
93Slovakia9,000,000$450,000,000360,000,000
94Benin8,000,000$400,000,000320,000,000
95Belize6,700,000$335,000,000268,000,000
96Barbados2,530,000$126,500,000101,200,000
97Jordan1,000,000$50,000,00040,000,000
98Morocco680,000$34,000,00027,200,000
99Ethiopia430,000$21,500,00017,200,000
Total1,662,268,960,000$83,113,426,500,00066,490,741,200,000

Source: CIA World Factbook

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