IT'S OIL IN THE WRONG PLACE - Watch out for thieves !

I've just spent a couple of hours researching where all the oil is, who needs it the most, how much we all use and how long it will last.

I have listed the results in a table.

The table shows the top 10 oil producing countries with the most proven reserves. Please note that these 'proven' reserve figures are usually exaggerated by each country in order to reduce 'the fear' in the commodities markets and to insulate their respective domestic economies.

The table also shows how long each country's reserves would last if the world were dependent entirely on that country.

It also shows the top 10 oil consuming countries and how long they could survive if they had to rely on only their own oil, for instance if the world went all protectionist due to a world war or an extreme economic fear event.

You can click on the table to get a better view.

I think that you will agree that the results are startling.

It really does demonstrate the frailty of western oil guzzling economies. Look how vulnerable Japan, South Korea, Germany, France and Italy are.

Looks like the best places to be (in terms of prosperity and energy security) are Canada and Brazil.

You can also see why Iraq was so important to the Western forces and why the U.S. have built the largest embassy complex in the world.

http://en.wikipedia.org/wiki/U.S._Embassy,_Baghdad