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The massive boost came from the discovery of reserves of extra heavy oil in the Orinoco belt.
The government has a cushion of reserves of uncertain size, but is otherwise ill-equipped to cope with a downturn.
While the country does have a short-term cushion because of reserves of about $35 billion in unspent oil revenues held in bank accounts, some in the Federal Reserve in the United States, Iraq could run through much of that just to keep the government afloat in the coming months.
The talk at meetings of the International Monetary Fund and the G20 is whether the next financial crash will be caused by the pricking of the carbon bubble – the idea that the stock-market valuation of fossil fuel companies has been inflated by overestimating the worth of reserves of oil, coal and gas that could only be exploited by putting the climate at risk.
The percentage of reserves of inferior non-coking coal is 71%% of total Indian non-coking coal reserves.
They show the "Yes" campaigners saying there are £1.5tn worth of reserves of North Sea oil, compared with the Office of National Statistics figure of £0.12tn.
Similar(49)
It could be that, like Philip Roth, or even like Proust, Davies will find his own youth is a rich seam that he has come nowhere near to exhausting - even that the act of creative exploration creates new, undreamed-of reserves of raw material.
Against Mr. Gergiev's Dionysian abandon, Mr. Jurowski, even at moments of peak drama, retains a sense of reserve, of hovering reflection.
Though competitive, close and exciting in patches, there was a degree of reserve, of holding back, that percolated through the sides' performances.
The sale of such bills would have the effect of taking reserves out of the system.
Moscow is months away from running out of foreign reserves because of sanctions and low oil prices.
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