Saudi Arabia pumped billions of barrels of oil in the last 25 - TopicsExpress

Saudi Arabia pumped billions of barrels of oil in the last 25 years, yet their “reserves” jumped from 172.6 billion barrels in 1989, to 257.6 billion barrels in 1990 and are stated at 267 billion barrels today. Taking a 40% haircut for the kingdom’s overstatement means Saudi Arabia’s reserves are 160 billion barrels and falling. With U.S. crude oil reserves at 150 billion barrels in 2012 and passing 205 billion barrels in 2016, America again has the largest crude oil reserves in the world. Share the facts at Breitbart. Will the Obama administration let America tap it?

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