United States: U.S. reserves ///

Oil up as gas reserves leap. U.S. proved crude oil reserves rose by 280 million bbl in 2000 – a 1.3% increase from the prior year. New reserves replaced 115% of the 1.88 billion bbl of crude produced. Proved dry gas reserves soared 6%, easily the largest increase on record. New gas reserves replaced 152% of production. Gas reserves have increased in six of the last seven years.

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