Who's Got The Most Oil?

1. Saudi Arabia

Proved Oil Reserves: 266.7 billion barrels

Daily Numbers:
Total Oil Production: 10.7 million barrels
Crude Oil Production: 9.26 million barrels
Consumption: 2.29 million barrels
Exports to US (2007): 1.49 million barrels

Pictured: Saudi Arabian Oil Refinery


2. Canada

Proved Oil Reserves: 178.59 billion barrels

Daily Numbers:
Total Oil Production: 3.350 million barrels
Crude Oil Production: 2.59 million barrels
Consumption: 2.26 million barrels
Exports to US (2007): 2.45 million barrels


3. Iran

Proved Oil Reserves: 138.4 billion barrels

Daily Numbers:
Total Oil Production: 4.17 million barrels
Crude Oil Production: 4.05 million barrels
Consumption: 1.8 million barrels
Exports to US (2007): 0

Pictured: Oil refinery and petrochemical complex, Mahshahr, Iran


4. Iraq

Proved Oil Reserves: 115 billion barrels

Daily Numbers:
Total Oil Production: 2.39 million barrels
Crude Oil Production: 2.38 million barrels
Consumption: 638,000 barrels
Exports to US (2007): 484,000 barrels

Pictured: Beiji Oil refinery, Iraq


5. Kuwait

Proved Oil Reserves: 104 billion barrels

Daily Numbers:
Total Oil Production: 2.74 million barrels
Crude Oil Production: 2.59 million barrels
Consumption: 325,000 barrels
Exports to US (2007): 181,000 barrels


6. United Arab Emirates

Proved Oil Reserves: 97.8 billion barrels

Daily Numbers:
Total Oil Production: 3.05 million barrels
Crude Oil Production: 2.68 million barrels
Consumption: 463,000 barrels
Exports to US (2007): 10,000 barrels

Pictured: Refinery worker rides a bicycle at an oil processing plant in Jebel Ali, Dubai, United Arab


7. Venezuela

Proved Oil Reserves: 87.03 billion barrels

Daily Numbers:
Total Oil Production: 2.64 million barrels
Crude Oil Production: 2.39 million barrels
Consumption: 760,000 barrels
Exports to US (2007): 1.36 million barrels

Pictured: El Palito oil refinery, Puerto Cabello, Venezuela



8. Russia

Proved Oil Reserves: 60 billion barrels

Daily Numbers:
Total Oil Production: 9.79 million barrels
Crude Oil Production: 9.36 million barrels
Consumption: 2.9 million barrels
Exports to US (2007): 414,000 barrels

Pictured: Reservoirs at Priobskoye oil field, Siberia, Russia


9. Libya

Proved Oil Reserves: 41.5 billion barrels

Daily Numbers:
Total Oil Production: 1.88 million barrels
Crude Oil Production: 1.74 million barrels
Consumption: 273,000 barrels
Exports to US (2007): 117,000 barrels

Pictured: Tripoli skyline at night, Libya


10. Nigeria

Proved Oil Reserves: 36.2 billion barrels

Daily Numbers:
Total Oil Production: 2.168 million barrels
Crude Oil Production: 2.165 million barrels
Consumption: 286,000 barrels
Exports to US (2007): 1.13 million barrels

Pictured: Boy walks along oil pipeline belonging to the Agip Oil company in Idu Ogba, Niger Delta


11. Kazakhstan

Proved Oil Reserves: 30 billion barrels

Daily Numbers:
Total Oil Production: 1.43 million barrels
Crude Oil Production: 1.35 million barrels
Consumption: 239,000 barrels
Exports to US (2007): 19,000 barrels

Pictured: Control station of the Atasu-Alashenkou pipeline in Atasu, Kazakhstan


12. United States

Proved Oil Reserves: 21.3 billion barrels

Daily Numbers:
Total Oil Production: 8.51 million barrels
Total Crude Production: 4.95 million barrels
Consumption: 19.48 million barrels

Pictured: Chevron El Segundo Refinery, California


13. China

Proved Oil Reserves: 16 billion barrels

Daily Numbers:
Total Oil Production: 3.97 million barrels
Crude Oil Production: 3.79 million barrels
Consumption: 7.57 million barrels
Exports to US (2007): 13,000 barrels

Pictured: Off shore oil in China


14. Qatar

Proved Oil Reserves: 15.2 billion barrels

Daily Numbers:
Total Oil Production: 1.2 million barrels
Crude Oil Production: 940,000 barrels
Consumption: 120,000 barrels
Exports to US (2007): 2,000 barrels

Pictured: Oil Refinery in Qatar


15. Mexico

Proved Oil Reserves: 11.65 billion barrels

Daily Numbers:
Total Oil Production: 3.19 million barrels
Crude Oil Production: 2.79 million barrels
Consumption: 2.13 million barrels
Exports to US (2007): 1.54 million barrels


Who's Got The Most Oil?

Big movements in the price of oil can have significant effects in the general economy, and although the commodity is off its all-time highs, countries with the most oil within their borders are set for big profits as demand for crude continues to rise.

With much of the world's existing reserves found in the Middle East, Gulf of Mexico and a few other locations around the globe, individual countries benefit incredibly from their surprisingly high concentrations of oil.

As of 2008, the US government estimates that the world has proved reserves in the neighborhood of 1.36 trillion barrels; the net amount of oil fields that have been identified as having a reasonable certainty of recovery. Labeling subterranean oil "proved" reserves takes into consideration both the logistic feasibility, political and economic conditions surrounding the oil's physical extraction.

With the most recent data from the Energy Information Administration, here are the countries with the biggest proved oil reserves. Click ahead for the list!

By Paul Toscano