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Marcelno

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Marcelno

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Monday, 01/25/2010 11:04:58 PM

Monday, January 25, 2010 11:04:58 PM

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The World's Biggest Oil Reserves
by Christopher Helman
Monday, January 25, 2010provided byForbes

Chances are your energy needs are going to flow from one of these fields in the future.

This month Iraq will finalize contracts with the likes of ExxonMobil, Royal Dutch Shell and BP to develop some of its biggest oil fields. These giants are among the world's last remaining pockets of so-called "easy oil." They don't require ultradeep drilling or innovative production techniques, just the application of Big Oil know-how. No wonder the oil companies agreed to develop Iraq's fields without even getting an ownership stake in the fields and collecting as little as $1.15 per barrel recovered.

http://finance.yahoo.com/family-home/article/108651/the-worlds-biggest-oil-reserves
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