Oil export earnings allowed Russia to increase its foreign reserves from $ 12 billion in 1999 to $ 597. 3 billion on 1 August 2008, the third largest foreign exchange reserves in the world.

The Secretary also negotiated leases for the Teapot Dome reserves to Harry Sinclair of the Consolidated Oil Corp. in return for guaranteed oil reserves to the credit of the government.

* Oil reserves – discussion of global crude-oil supplies

Oil exploration has been successful in the Chinese and North Korean portions of the sea, with the proven and estimated reserves of about 9 and 20 billion tonnes, respectively.

* Oil Exploration costs-Replace reserves by buying another company's.

Oil was not a major economic factor again until new reserves were brought in near Many in the 1950s.

* Mineral reserves, natural resources that are economically recoverable, e. g. Oil reserves

* Oil reserves

Oil reserves in the country were never proved.

Oil imperialism theories assert that direct and indirect control of world petroleum reserves is a root factor in current international politics.

Most of Iran's oil reserves were in the Persian Gulf area and had been developed by the British Anglo-Iranian Oil Company ( AIOC ) for export to Britain.

# REDIRECT Oil reserves

* Oil reserves:

Oil sands reserves have only recently been considered to be part of the world's oil reserves, as higher oil prices and new technology enable profitable extraction and processing.

* Articles on Ghawar and analysis on its reserves from The Oil Drum

Kuçovë has had the largest Oil reserves in Albania and there is currently a lot of Oil unexplored.

Mauro Canali suggests that Mussolini probably did order the murder, as Matteotti uncovered and wanted to make public incriminating documents proving that Mussolini and his associates sold to an American oil company ( Sinclair Oil ) exclusive rights to all Italian oil reserves.

Of California fields outside of the San Joaquin Valley, only the Wilmington Oil Field in Los Angeles County has untapped reserves greater than, while six fields in the San Joaquin Valley ( Midway-Sunset, Kern River, South Belridge, Elk Hills, Cymric, and Lost Hills ) each have reserves exceeeding of oil.

Oil has been discovered nearby as well.

Oil was discovered at Bartlesville and Burbank in 1897.

Oil in the San Joaquin Basin was first discovered at the Coalinga field in 1890.

The Prudhoe Bay Oil Field, the largest oil field in the United States in terms of total oil produced, was discovered in 1968.

* 1938 – Oil is discovered in Saudi Arabia.

Oil had been discovered there by Standard Oil Company in the 1920s, and people wondered whether an immense pool of oil was lying beneath the entire area.

Drilling of the first oil well began at Jebel Dukhan in October 1938 and, over a year later, the well struck oil in the Upper Jurassic limestone which, unlike the Bahraimi strike, was similar to Saudi Arabia ’ s Dammam field discovered three years before .< ref >" The Qatar Oil Discoveries " by Rasoul Sorkhabi < http :// www. geoexpro. com / history / qatardiscoveries ></ ref > Production was halted between 1942 and 1947 because of World War II and its aftermath.

* Oil and gas were discovered in many countries in the former Soviet bloc, leading to economic growth and wider adoption of trade between nations.

* Oil is discovered on the Osage Indian reservation, making the Osage the richest group of people in the world.

Oil was discovered at Burgan in 1938 but it was not until 1946 that the first crude oil was shipped.

Oil was first discovered in the famous Salt Creek Oil Field in 1889, approximately 40 miles ( 64 km ) north of Casper ; the first refinery in Casper was built in 1895.

Oil was discovered at Grandfalls in 1929, and the nearby community of Royalty was established.

* 1930 Oil is discovered at the McFaddin Oil Field.

Oil was discovered in the county in 1940 Terry County lies in the oil-rich north Permian Basin, and the discovery of oil quickly led to production.

* 1929 Oil is discovered in the county.

Oil was discovered in Sterling County in 1947 and helped to bail out the area's declining economy.

Oil was discovered in Roberts County in 1945, and had been produced through 1990.

* 1923 Oil is discovered at the Big Lake Oilfield in the Permian Basin.

* 1982 Oil is discovered in Mills County.

Oil was discovered in the county in 1950.

Oil was discovered in 1921, leading to a population increase in Loving County.

* 1907 – Judge Kenesaw Mountain Landis fines Standard Oil of Indiana a record $ 29. 4 million for illegal rebating to freight carriers ; the conviction and fine are later reversed on appeal.

Pratt's product later gave rise to the slogan, " The holy lamps of Tibet are primed with Astral Oil.

Initially calling their venture Dramatic Oil ( later renaming it Fuller Farm Oil ), the partners invested in a site along the Allegheny River at Franklin, Pennsylvania, in late 1863 for drilling.

The Economy Run originated with the Gilmore Oil Company of California in 1936 ( which was purchased by Socony-Vacuum in 1940 ) and later became the Mobilgas Economy Run and still later, the Mobil Economy Run.

It later absorbed the American Oil Company, founded in Baltimore in 1910 and incorporated in 1922 by Louis Blaustein and his son Jacob.

While most oil companies were switching to leaded gasolines en masse during the mid-to-late 1920s, American Oil chose to continue marketing its premium-grade " Amoco-Gas " ( later Amoco Super-Premium ) as a lead-free gasoline by using aromatics rather than tetraethyllead to increase octane levels, decades before the environmental movement of the early 1970s led to more stringent auto emission controls which ultimately mandated the universal phase out of leaded gasoline.

The Red Crown Regular and White Crown Premium ( later Gold Crown Super Premium ) gasolines marketed by parent company Standard Oil ( Indiana ) in its prime marketing area in the Midwest before 1961 also contained lead.

Northeast of the town's residential areas an oil refinery was built and completed in 1969 by Humble Oil ( later Exxon Corporation ).

It continued to feature regular season NHL games on the English network every Saturday evening during the NHL season, and retained many of the features such as the Hot Stove Lounge and the three stars selection, which originated as an Imperial Oil gasoline promotion and survived even as sponsorship eventually passed from Imperial to Molson and, later, Labatt.

For forty years, Hewitt was Canada's premier hockey play-by-play broadcaster for the General Motors ( later Imperial Oil ) Hockey Broadcast on Saturday nights.

Shortly later, Rogers met oil pioneer Charles Pratt who purchased the entire output of the tiny Wamsutta Oil Refinery.

It broke the monopoly into three dozen separate companies that competed with one another, including Standard Oil of New Jersey ( later known as Exxon and now ExxonMobil ), Standard Oil of Indiana ( Amoco ), Standard Oil Company of New York ( Mobil, again, later merged with Exxon to form ExxonMobil ), of California ( Chevron ), and so on.

The 1874 Ordnance Survey map of the area shows the following factories, in order, from the site of the as yet unbuilt Wandsworth Bridge to Battersea Park: Starch manufacturer ; Silk manufacturer ; ( St. John's College ); ( St. Mary's Church ); Malt house ; Corn mill ; Oil and grease works ( Prices Candles ); Chemical works ; Plumbago Crucible works ( later the Morgan Crucible Company ); Chemical works ; Saltpetre works ; Foundry.

The Hartford City Gas & Oil Company was formed in early 1887, and successfully drilled a natural gas well later in the year.

Standard Oil, later the Standard Oil Company of California ( modern Chevron ), made Taft its corporate operational headquarters.