Oil Powers the Crypto World 🌍
Did you know the world’s energy reserves are intrinsically linked to global finance – and ultimately, $BTC?Here’s a breakdown of countries ranked by proven oil reserves (in millions of barrels), a key factor influencing geopolitical stability and economic power. Venezuela leads with a massive 303,200 M, followed by Saudi Arabia (267,200 M), Iran (208,600 M), and Canada (163,100 M).
Iraq holds 145,000 M, the UAE 113,000 M, Kuwait 101,500 M, and Russia 80,000 M. The United States has 74,400 M, while Libya, Nigeria, and Kazakhstan hold 48,400 M, 37,000 M, and 30,000 M respectively.
China’s reserves stand at 27,900 M, with Qatar (25,200 M), Brazil (14,900 M), Algeria (12,200 M), Ecuador (8,300 M), Norway (7,600 M), Azerbaijan (7,000 M), and Mexico (6,100 M) completing the list. Understanding these energy dynamics is crucial for navigating the broader economic landscape – and spotting opportunities in the crypto market. 📈
#OilReserves #Macroeconomics #GlobalFinance #EnergyMarkets 💡
