Venezuela oil deposit confirmed

[Warren Stupidity]

Source: LA Times

Venezuela's state oil company said a U.S. petroleum engineering firm certified that a block in the country's Faja del Orinoco region contains 28.7 billion barrels of oil.

The study by Houston-based Ryder Scott estimated the total amount of oil in the Carabobo 3 block, Petroleos de Venezuela said in a statement. The block may have proved reserves of 5.7 billion barrels, based on the expectation that 20% of the oil in the deposit can be recovered, the statement said.

Read more: http://www.latimes.com/business/la-fi-briefs22.1jun22,1,3480263.story?coll=la-headlines-business

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That democratic socialist thing sure is wrecking the economy of Venezuela!

[n2doc]

1. Quick! Send the Aircraft Carriers down there to "show the flag"!

:sarcasm:

[Ganja Ninja]

2. How the hell did the Bush family's oil get there?

Oh well no matter, we'll pump it out and all it will cost the Venezuelans is their sovereignty.

[Straight Shooter]

3. Will bush's fundies interpret this as a sign of God's grace upon Venezuela under Chavez?

:D

[Orsino]

4. We can save them!

Send * down there. He won't be able to find the oil this time, either.