PEAK OIL - EPOCHAL EVENT OF OUR LIVES

[HowardHughs]

Philippines potential $26.3 trillion OIL and GAS Industry

the nation holds a staggering $26.3 trillion worth of untapped oil deposits, located within the country’s 200-mile Exclusive Economic Zone.
According to a report by the U.S. Geological Survey and China’s Ministry of Geology and Mineral Resources, the oil deposits on Spratlys Island could reach 17.1 billion barrels.
With the recent discovery of oil reserves in the Sulu, particularly within the Celebes Sea. The amount of hydrocarbon deposits in the country could be more than $26.3 trillion, more than the 13 billion barrels of oil deposits of Kuwait, one of the world’s top oil producers.