oil reserves

Cuba's state-owned oil company says it may have more than 20bn barrels of oil in its offshore fields - double previous estimates.

University of Texas System regents have approved a plan to sell some oil and natural gas reserves for about one billion dollars.

The Department of Defense's budget is heavily affected by rising gas prices, especially when it comes to fueling Air Force jets.

Some even say that Iraq's oil reserves should help pay the costs.

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Oil giant Royal Dutch Shell reports stable oil reserves in 2007 despite some forecasts of a drop, an update shows.