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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.
Russia, with 80 billion barrels of proven oil reserves, has the eighth largest oil reserves in the world. The countryâs proven oil reserves increased by 3.4% in 2012. It produced 10.043 million barrels of crude oil per day during the year with 320 active rigs.