Mapping The Countries With The Most Oil Reserves (Venezuela)

"There’s little doubt that renewable energy sources will play a strategic role in powering the global economy of the future.

But, as Visual Capitalist's Jeff Desjardins notes, for now, crude oil is still the undisputed heavyweight champion of the energy world.

In 2018, we consumed more oil than any prior year in history – about 99.3 million barrels per day on a global basis. This number is projected to rise again in 2019 to 100.8 million barrels per day.

The Most Oil Reserves by Country

Given that oil will continue to be dominant in the energy mix for the short and medium term, which countries hold the most oil reserves?

Today’s map comes from HowMuch.net and it uses data from the CIA World Factbook to resize countries based on the amount of oil reserves they hold.

Here’s the data for the top 15 countries below:

Venezuela tops the list with 300.9 billion barrels of oil in reserve – but even this vast wealth in natural resources has not been enough to save the country from its recent economic and humanitarian crisis..."

at https://www.zerohedge.com/news/2019-04-20/mapping-countries-most-oil-reserves