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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.
Venezuela holds the world's largest proven oil reserves. The country's proven oil reserve as of January 2013 stood at 297.57 billion barrels accounting for about one fifth of the world's total proven oil reserve. The country produced 2.8million barrels of crude oil per day in 2012 with 149 active rigs.