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It's not how much oil, but how much influence

from Reuters

The U.S. has more oil than Saudi Arabia, says a new study by Norwegian consultancy Rystad Energy. The size of American reserves, at 264 billion barrels, is around a fifth higher than what is estimated to be located in the desert kingdom. That's a surprise. But it's also beside the point. Oil supremacy goes not to the one who has most, but the one who controls the price. more


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