Top Oil Reserve Countries

Name the 20 countries which have the most proven oil reserves.
For the year 2020. Source.
Reserves that could be profitably extracted under current conditions
Quiz by relessness
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Last updated: March 4, 2020
First submittedJanuary 8, 2013
Times taken26,815
Rating4.92
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Mil. Barrels
Country
302,809
Venezuela
267,026
Saudi Arabia
167,896
Canada
155,600
Iran
145,019
Iraq
101,500
Kuwait
97,800
United Arab Emirates
Mil. Barrels
Country
80,000
Russia
48,363
Libya
47,053
United States
36,972
Nigeria
30,000
Kazakhstan
26,154
China
25,244
Qatar
Mil. Barrels
Country
13,239
Brazil
8,273
Ecuador
8,219
Norway
8,160
Algeria
8,273
Angola
7,000
Azerbaijan
+16
Level 81
Jan 30, 2018
I'm a bit surprised not to see Indonesia.
+23
Level 83
Jan 31, 2018
I was expecting Norway.
+15
Level 77
Feb 3, 2018
I was expecting both.
+3
Level 43
Feb 12, 2018
Me too. Both.
+1
Level 48
May 18, 2018
Possibly depends on reserves being offshore? Isn't a lot of Norway's oil production in the North Sea?
+5
Level 51
May 18, 2018
Norway is actually #21, this list only having the top 20. Should have added Norway to make the table symmetric.
+2
Level 54
Jul 7, 2019
Norway has actually a ton of Oil left in North sea. Were looking for Oil in barnets sea and norwegian sea but the People there is protesting. They want to keep the wildlife. Fish. Based ON small tests there is probably 100 000 barrels. One third of venezuela
+2
Level 68
Mar 5, 2020
Norway is now on, but I was expecting Mexico and Indonesia.
+2
Level 69
Feb 6, 2018
YAY level 65!
+2
Level 52
May 18, 2018
Speaking about levels, I can't find a users ranking. Is there anywhere in the site?
+1
Level 69
May 18, 2018
Check the blog.
+4
Level 72
Mar 19, 2018
Ecuador? Who knew? Well, obviously a third of the people taking this quiz.
+3
Level 72
May 18, 2018
Missed Ecuador again. Really expected to see Indonesia and Norway.
+10
Level 67
Mar 8, 2020
huh? are you a time traveler? you replied your own comment a day before it was made :)

Nvm.. mar may .... haha

+2
Level 71
Mar 5, 2020
Plus presumably Ecuador's government, many in its oil industry, the World Bank, OPEC, restless, Quizmaster, the CIA and many of its counterparts in other nations, the UN...
+1
Level 68
Mar 5, 2020
The courts know too.
+7
Level 75
May 18, 2018
If you add up all these numbers you get 1.579.149 Million barrels. The average consumption of oil in the world is about 95 million barrels per day (of which 20M by US, 15M by EU and 12M by China). This means that we have oil left for about 16.622 days or about 45 more years. This is when we take in account that the need for oil will not rise over time, which it will. On the other hand, the oilprice will rise when it becomes less accessable. At the moment we obtain oil which is easy to reach but over time we have to move to difficult to reach places and dig really deep to get to those last millions of barrels. That will mean that at that point it's cheaper to use alternatives than that last bit of oil available in the world.
+8
Level 57
May 18, 2018
exactly what happened with coal... lots of people in the 1920s predicted a global breakdown due to coal shortage, but then oil was discovered and there's plenty of coal left
+8
Level 56
May 18, 2018
Yeah let's all buy SUVs, everything is fine
+9
Level 79
May 18, 2018
We have the technology to get off of oil now. Through some combination of solar, wind, geothermal, nuclear, hydroelectric, and biofuels power, along with efforts to reduce or make more efficient our present energy consumption, we could get off fossil fuels 100% within a generation.
But... we won't. Because there is still trillions of dollars in profit to be made from selling fossil fuels.
+1
Level 78
May 15, 2020
I think there are still some serious problems with most of the alternatives you mentioned. Solar requires lots of sunlight and to produce the type of power needed to run cities and industry, it would take massive amounts of land for solar farms, batteries, service roads, etc. And what to do with all those old panels when they wear out in twenty years?. Nuclear is proven, but what to do with the spent fuel? Windmills are dangerous to maintain and there is an argument as to whether they kill an appreciable number of birds, especially when built in the middle of a flyway. They can also ice up and fling ice into surrounding areas in winter months. Hydroelectric is dependent on an area of flowing water and can result in ecological issues when damming a river. I'm not saying we shouldn't move away from fossil fuels, but I do think we tend to have rose-colored glasses when looking at alternative energies. It wasn't so long ago that petroleum was touted as a clean alternative to burning coal.
+2
Level 79
May 16, 2020
oh come on.. birds, really? Global warming is going to do a bit more damage than birds striking windmills. No one approach will be a total solution. I said through a combination of these things. Solar is an excellent solution in some areas; not a great solution in others. Nuclear, while it does have downsides, is still orders of magnitude safer in terms of lives lost and less impactful on the environment than burning fossil fuels. The real key is probably reduction in energy expenditures and an increase in energy efficiency and there are tons of ways to do this, but as long as oil is relatively cheap and readily available people don't care to take the initiative and innovate. That's why OPEC increases oil production when prices get too high. You would think that they would like this, as it makes them more money. But actually they are against it because when oil gets too expensive people start buying electric cars and investing in energy efficient windows.
+1
Level 79
May 16, 2020
They are pushers trying to keep us hooked.

And gas burning power plants are a lot cleaner than coal burning ones. It's not like they were wrong about that. That doesn't mean we should stop innovating there or that we can't do better. We've also come to appreciate that burning fossil fuels, including petroleum, has much more of an impact on the environment than simply affecting air quality, which was the first immediate and obvious impact of coal burning industry.
+1
Level 47
May 18, 2020
@ander methods for storing nuclear waste have improved considerably in the past decades. The plants themselves are much safer now too. However, Solar and wind just aren't reliable enough to use solely.
+13
Level 79
May 18, 2018
There are other factors. New reserves are always being discovered. Existing discoveries are proven to be larger. And extraction and refining technology continues to improve and get cheaper making some reserves more economically viable to exploit, lowering prices.

Also, if we put that much carbon into the atmosphere we're all going to be die.
+8
Level 71
May 18, 2018
Well, to be fair, we're all going to die whether or not we put that much carbon into the atmosphere. The real question is if future generations get the chance to live and die.
+1
Level 48
May 22, 2018
Wow, you took time to write all that.
+1
Level 36
Aug 19, 2018
This is current oil reserves. They keep finding new ones and technology advances so we can extract reserves that weren't previously accessible.
+3
Level 50
Mar 5, 2020
What we really ought to do is leave it in the ground and switch to renewables, but some people continue to make massive profits off oil, so I guess the continued wealth of a small handful of people comes before the lives and well being of the entire human (and many animals) population.
+1
Level 55
May 18, 2018
Great quiz!
+17
Level 72
May 18, 2018
This quiz really reveals the staggering depths of the Chavez-Maduro government's incompetence. World's largest oil reserves, moderate population and a well-developed country as a starting point. Yet now Venezuela is poor and getting poorer. Its people are desperate and hungry. Even the kleptocratic monarchies of the Gulf can convert oil into a decent standard of living.
+3
Level 66
Mar 4, 2020
Venezuela has (and had for decades) the Dutch disease. Everything "was fine" until the oil price decreased in 2008 (and never reached previous levels and growth rates). I agree that the government was apparently incompetent when not curing the Dutch disease in decades. However, the Gulf states have the Dutch disease as well but the privilege that they can still sell oil on the market due to much lower production costs.
+1
Level 80
Mar 4, 2020
Major deja vu. I swear I've taken this quiz on the font page several times recently, but it says I haven't and no comments newer than 2018.
+1
Level 71
Mar 5, 2020
Probably reset to accommodate Norway
+5
Level 73
Mar 6, 2020
Suddenly the USA's interest in Venezuela's democracy makes much more sense
+2
Level 78
Mar 6, 2020
And here we go...
Edit: You should check who was the biggest oil client of the Chavez-Maduro regime... You might get a big surprise...
+1
Level 73
Mar 10, 2020
You don't have to know a lot of Latin American history to understand that its relationship with the USA has always been marked by its imperialistic tendencies, just read about operaciĆ³n condor
+1
Level 55
Mar 7, 2020
Didn't they recently just discover a ton of oil reserves in Guyana?
+1
Level 65
Mar 17, 2020
+1
Level 59
May 12, 2020
Oil in south of Iraq is wasted, corrupted government is unable to dig out, it's coming out by itself, in the north it's coming out with water system of Kirkuk city... any how the corrupted governemnt wasted it all.
+1
Level 28
May 15, 2020
VENEZUELA, WHAT! ECUADOR, WHAT! where is norway
+2
Level 46
May 15, 2020
Surprised not to see Tatooine...
+2
Level 79
May 16, 2020
Tatooine's economy depends mostly on moisture farming, pod racing, cantina tourism, and the black market trading of 2nd-hand droids. From what I've seen.
+1
Level 56
May 17, 2020
I sense that the comment" Reserves that could be profitably extracted under current conditions" is key here.