China has more proven oil and gas reserves than the US per EIA

6/18/13, "The Global Race for Shale Development Is On," Casey Research, Marin Katusa

"Guess who the US Energy Information Agency (EIA) says has 430% more proven gas reserves than the US?

Guess who has twice as much as the US in shale gas technically recoverable? Guess who has over twice as much proven oil reserves as the US?

The EIA recently published a 730-page report which assesses the shale formations of 41 countries.

The global race for shale development has started. Countries that are not now known for their oil and gas production are showing much shale oil and gas promise.

Would you be surprised to know that China has more proven oil reserves than the US?...

If you thought the US was the king of shale, we are sorry to burst your bubble… it no longer wears the crown."...via Zero Hedge







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