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kong
05-31-2012, 06:10 PM
These 8 Regions Could Be Sitting On Most Of The World's Oil And Gas

In March, the United States Geological Survey published the first report since 2000 summarizing its estimates of total undiscovered conventional oil and gas resources for the rest of the world, excluding the U.S. Using a region's given geology, the study found that about 75 percent of the resources are in four principal regions: South America and Caribbean, sub-Saharan Africa, the Middle East and North Africa, and the Arctic provinces of North America. The devil is in the details, however. Within these four regions, the estimated deposits are often concentrated in areas that have seen intense political turmoil in the past thirty years. We put together a list of the top regions highlighted in the USGS report — and the time elapsed since their most recent power struggle. We're defining that latter element as any attempt at a regime change or government overthrow (think Iran's Green Revolution). We think it makes for an interesting juxtaposition.
Note: the "conventional" category excludes shale — a separate report on which, according to USGS, is forthcoming.
These 8 Regions Could Be Sitting On Most Of The World's Oil And Gas

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The coast of West Africa
Estimated undiscovered oil: 86.25 billion barrels.
Time elapsed since last power struggle: 8 years
In 2004, a group of mercenaries, financed in part by Margaret Thatcher's son, attempted to overthrow the president of Equatorial Guinea. They failed.
Source: USGS


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Iran and Iraq
Estimated recoverable oil: 65 billion barrels
Time elapsed since last power struggle: 36 months
Although Iran's Green Revolution has been temporarily suppressed, there is no sign that the sentiments that led to the protests have dissipated.
Source: USGS


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The coast of Brazil
Petrobras
Estimated undiscovered oil: 55.5 billion barrels.
Time elapsed since last power struggle: N/A
Brazil has successfully transitioned to a fully functional democracy.
Source: USGS



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China
China OGP
Estimated undiscovered oil: 15.7 billion barrels
Time elapsed since last power struggle: N/A
China seems to have maintained its composure in the wake of the Bo Xilai incident, though some believe the Middle Kingdom remains more fragile than meets the eye.




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South Kara Sea (Arctic]
Estimated undiscovered natural gas: 622 trillion cubic feet.
Time elapsed since last power struggle: N/A
While nothing headline-worthy has occurred yet, tensions between the U.S. and Russia over arctic territory appear to be simmering.
Source: USGS




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The Nile and Levantine basins
Geology.com
Estimated undiscovered natural gas: 566 trillion cubic feet.
Time elapsed since last power struggle: 15 months
Although Egyptians will cast their first votes for president today, violent protests continue to break out.
Source: USGS




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Southeast Africa
USGS
Estimated undiscovered natural gas: approximately 400 trillion cubic feet.
Time elapsed since last power struggle: 18 months
An agreement was signed last fall to reestablish democracy in Madagascar after twocoups occurred within 12 months of each other.
Source: USGS



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Australia
USGS
Undiscovered, recoverable natural gas: 227 trillion cubic feet.
Time elapsed since last power struggle: N/A
Australia is relatively free of dramatic government shake-ups — or at least, ones that aren't par for the course for any other Western nation.
Source: USGS




source
http://www.businessinsider.com/these-8-regions-have-all-the-worlds-oil-2012-5#