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02:53 PM
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Hormuz bay crisis going on. U.S warns Iran.
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[quote:Anonymous Coward 5769488:MV8xNzM5OTczXzI4ODIwNzMzXzdCNTI5NURF] Heres the prize men.. Recoverable liquid hydrocarbon reserves in early 2005, 136.99 billion barrels (21.780 km3) 10% of world's total. Recoverable gas reserves in early 2005 , 28.17×1012 m3 (15% of world's total). Current NIOC production capacities include over 4 million barrels (640×103 m3) of crude oil and in excess of 500 million cubic meters of natural gas per day.[3] In 2008, the average extraction cost of oil was less than $5 per barrel. This does not include processing (refining) and distribution costs.[6] Iran’s cumulative oil production has reached to 61 billion barrels (9.7×109 m3) by the end of 2007,[7] most of these volume produced after 1951, under the supervision of NIOC. Iran's overall export crude oil was valued at US$85 billion in 2010. SOON TO BE HANDED OVER TO THE RED CHINESE.. YA..WATERGATE WAS A COVERUP..NIXON SOLD US TO THE REDS!! [glpvideo]http://video.godlikeproductions.com/video/ITS_A_TRAP?id=7efaaee27335842ac06[/glpvideo]d [/quote]
Original Message
This is little bit bad thing if those two country start to fight about oil shipment throught to the Hormuz bay.
[
link to news1.capitalbay.com
]
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