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Monday, January 25, 2010

USGS Claims Venezuela Sits on Earth’s Largest Oil Reserves



The Orinoco Belt, situated squarely underneath the South American nation, may hold some 513 billion barrels of crude oil, according to a new report by the U.S. Geological Survey (USGS).

That's twice the size of Saudi Arabia's oil reserves, placing Venezuela firmly atop the list of oil-rich nations.'

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