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He added that currently five foreign companies develop oil and gas fields in Turkmenistan under production-sharing agreements . Currently five foreign companies develop oil and gas fields in Turkmenistan under production sharing agreement ( PSA ) terms , Tagyyev said . Each OPEC member state reports " proven oil reserves " ( total oil that can be produced at prevailing market prices ) . Such tactics were an open invitation for retaliatory ground attacks . So we can speak of huge integration efforts like information operations , and new deployment concepts as we call in EFX-98 . Hugo plays hardballBecause production quotas are determined by proven oil reserves , and reserves are a function of market price , Venezuela has a lot to gain if OPEC recognizes $ 50 per barrel as the long-term price of oil . Because we sit on top of only three percent of the planet 's oil reserves , however , America will in fact remain for the near future dependent on foreign oil in order to meet our insatiable energy needs . This was an important victory over EPA 's latest attempts to reinterpret the 1994 Executive Order 12898 and ignore the concerns of minority and low-income communities trying to protect themselves and others from exposure to toxic waste , dirty air , polluted water , and other health hazards .