As the amount of reserves oil companies hold starts to diminish, oil companies will need to increase oil exploration and drilling to replenish reserves, after all, they are in the business of selling oil.
The oil sands hold 171.3 billion barrels of oil in reserve.
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Those new ways could be important, no matter how long oil supplies hold out.
In November, for instance, Beijing asked the four largest producers of cooking oil to hold off price increases until March.
Algae vary considerably in their composition, and while some varieties contain around 50% of their weight of oil, others hold as little as 5%.
Imaging techniques are so good that geologists can approximate standing inside a rock formation to look for the spots most likely to hold oil.
They also hold oil-rich regions in the northern parts of Iraq.
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Its three main subsidiaries, which produce the oil and also hold most of Yukos's cash, could keep running for a while even with the parent company disabled, but not indefinitely: they have already cut investments to a bare minimum.
The company will have a 29% stake in Mariner, south-east of Shetland, which is one of the UK's largest undeveloped oil fields, reckoned to hold up to 500m barrels of recoverable oil.
The Goldman analysts argue the latter because oil exporters import more from Europe than America and hold less of their oil revenues in dollars.
As big as the Bakken is (oil billionaire Harold Hamm thinks it could hold 24 billion barrels of recoverable oil), the Bazhenov shale of western Siberia is estimated to be 80 times bigger.
Over one million feet of barrier boom have been deployed to hold the oil back.
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But those in Pope and Johnson counties, areas Richard said might hold significant oil reserves, are divided.
According to some estimates the bedrock beneath the Greenland Sea could hold more oil than the North Sea, which has partially powered the British, Dutch and Norwegian economies for decades.
There is a significant downside risk for oil prices if economic and financial market concerns become more widespread or take hold, regardless of the China oil support line.
Mr Putin has responded by consolidating the state's hold over domestic oil and gas reserves.
But the scandal will taint the Bolkiah name and could dilute the clan's absolute hold on the oil-rich country.
President Obama has called for a determined effort to free America from the hold of the international oil cartel.
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Lukoil won a contract to exploit the West Qurnah field, thought to hold 15 billion barrels oil, in the mid-1990s.
It decided to keep interest rates on hold, not because oil prices posed no threat to price stability, but because that threat was counterbalanced by the risks they posed to growth.
The vast area of waters, dotted with partially submerged atolls and reefs, contain some of the world's busiest shipping lanes and are thought to hold large deposits of oil and natural gas.
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Dallas-based Kosmos has a juicy position in a host of newly discovered oil and gas fields off the coast of Ghana, including a quarter-stake in Jubilee, thought to hold upwards of 2 billion barrels of oil and gas equivalents.
Sakhalin Island, lying off the eastern coast of Siberia, is believed to hold 50 billion BOE of oil and gas.
Cairn had claimed that the raid on its Edinburgh offices was part of a GPI-led Greenpeace campaign to get hold of Cairns's oil spill response plan and encourage a moratorium on drilling in the Arctic.
Oil receipts are thought to be down by one-third on the beginning of the year, while the industry struggles to acquire equipment and to build storage to hold the growing lake of oil for which buyers have not been found.
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Brazil recently discovered an offshore field estimated to hold some 33 billion barrels of oil.
Statoil's recent gas find alone is estimated to hold almost a billion barrels of oil equivalent (boe).
Iraq will benefit greatly as the price of oil escalates going forward as many countries currently hold Dinars and will become customers for decades!
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But the Saudis hold the whip hand in the oil market, thanks to their ability to increase production by as much as 2.5 million barrels a day--or cause a worldwide shortage by turning off the spigots.
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