The countries of the Persian Gulf region sit atop 65 percent of the world's total oil reserves, and Western Asia's critical importance to the world oil market is obvious. Iraq has 11 percent of world oil reserves, and Iran has 9 percent....

We need to know about the quantity and quality of oil and gas reserves because the prosperity of the world is dependent upon petroleum-based fuels. The debate about forthcoming oil shortages—as soon as 2004 or perhaps later in the twenty-first...

Oil reserves refer to portions of oil in place that are claimed to be recoverable under current economic constraints. In this context, oil refers to conventional oil and excludes oil from coal, oil shale, bitumen and extra-heavy oil (tar sands).[1] Oil...

President Bush Tuesday asked the Organization of Petroleum Exporting Countries to release more oil onto the market to lower prices. Before looking for international solutions, the president should ensure his policies aren't driving up costs. Immediately, he should ask the Department of Energy to...

Byline: THE WASHINGTON TIMES It still may be several days before we know the full extent of the damage that Hurricane Katrina unleashed against the nation's energy infrastructure. Given the concentration of oil and natural-gas facilities in the area, the impact could...

A Senate Democrat is aiming to halt expansion of the country's oil reserves for one year, saying it makes no sense when oil prices are high.North Dakota Sen. Byron Dorgan said he will include the proposal as part of an energy and water spending bill...

Iran granted Belarus greater access to oil reserves as the presidents of the countries, both at odds with the United States, met Monday to cement what the Belarusian leader called a "strategic partnership."Iranian President Mahmoud Ahmadinejad, at the start of a two-day visit to this...