Has overtaken Saudi Arabia as nation with largest proven oil reserves.
Although it is 'heavy' oil, the 'brown coal' of liquid fossil reserves (i.e. low quality).
The fact that such a fuss is being made about low-grade oil is a concern in itself.
Although it is 'heavy' oil, the 'brown coal' of liquid fossil reserves (i.e. low quality).
The fact that such a fuss is being made about low-grade oil is a concern in itself.
Keep in mind there's a lot of 'idle' refining capacity at the southeastern coast of the US which was built for heavy oil.