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More than 50% of the United States oil reserves come in the form of unconventional shale oil, with Texas alone containing 60 million barrels of this type of fossil fuel.
Iran possesses the fourth largest proven oil reserves in the world and the second largest among Middle East countries. Its proven oil reserves as of December 2012 were estimated at 157 billion barrels. The country produced 3.74 million barrels of crude oil per day in 2012 with 123 active rigs.