My Smore Flyer

Oil in the Middle East

Oil Reserves

Oil reserves are the amount of technically and economically recoverable oil. Reserves may be for a well, for a resevoir, for a field, for a nation, or for the world. Different classification of reserves are related to the certainty.

Crude Oil

Crude oil is a naturally occurring yellow to black liquid found in geological formations under the surface and is used as fuel.

Non-Renewable Resources

The original organic material with the aid of heat and pressure to become a fuel such as oil and gas.

Invest/ Investing

To expend money with the expectation of achieving profit or material result by putting it in to financial scheme, shares, or property or by using it to develop a commercial venture.