It will end when they find out they are shooting themselves in the foot and foreign investment and technical know how dries up and their economy is beyond repair, there is no shortage of oil reverse in the world and they will end up paying a huge price in court and in production losses (see Chavez)

Energy Statistics > Oil reserves (most recent) by country

VIEW DATA: > Per capita
> Pie Chart Map

Showing latest available data. Rank CountriesAmount

# 1	Saudi Arabia:	262,700,000,000 barrels
# 2	Canada:	178,900,000,000 barrels
# 3	Iran:	133,300,000,000 barrels
# 4	Iraq:	112,500,000,000 barrels
# 5	United Arab Emirates:	97,800,000,000 barrels
# 6	Kuwait:	96,500,000,000 barrels
# 7	Venezuela:	75,590,000,000 barrels
# 8	Russia:	69,000,000,000 barrels
# 9	Libya:	40,000,000,000 barrels
# 10	Nigeria:	36,000,000,000 barrels
# 11	Mexico:	33,310,000,000 barrels
# 12	Kazakhstan:	26,000,000,000 barrels
# 13	Angola:	25,000,000,000 barrels
# 14	United States:	22,450,000,000 barrels
# 15	China:	18,260,000,000 barrels
# 16	Qatar:	16,000,000,000 barrels
# 17	Brazil:	15,120,000,000 barrels
# 18	Algeria:	12,460,000,000 barrels
# 19	Norway:	9,859,000,000 barrels
# 20	Oman:	6,100,000,000 barrels
# 21	India:	5,700,000,000 barrels
# 22	Indonesia:	4,600,000,000 barrels
# 23	Ecuador:	4,512,000,000 barrels
# 24	United Kingdom:	4,500,000,000 barrels
# 25	Yemen:	4,370,000,000 barrels
# 26	Australia:	3,664,000,000 barrels
# 27	Malaysia:	3,100,000,000 barrels
# 28	Argentina:	2,950,000,000 barrels
# 29	Egypt:	2,700,000,000 barrels
# 30	Syria:	2,500,000,000 barrels
# 31	Gabon:	1,921,000,000 barrels
# 32	Tunisia:	1,700,000,000 barrels
# 33	Sudan:	1,600,000,000 barrels
# 34	Congo, Democratic Republic of the:	1,538,000,000 barrels
# 35	Colombia:	1,492,000,000 barrels
# 36	Brunei:	1,255,000,000 barrels
# 37	Denmark:	1,230,000,000 barrels
# 38	Romania:	1,055,000,000 barrels
= 39	Mauritania:	1,000,000,000 barrels
= 39	Burma:	1,000,000,000 barrels
# 41	Trinidad and Tobago:	990,000,000 barrels
= 42	Vietnam:	600,000,000 barrels
= 42	Uzbekistan:	600,000,000 barrels
# 44	Azerbaijan:	589,000,000 barrels
# 45	Italy:	586,600,000 barrels
# 46	Thailand:	583,000,000 barrels
# 47	Equatorial Guinea:	563,500,000 barrels
# 48	Cuba:	532,000,000 barrels
# 49	Bolivia:	458,800,000 barrels
# 50	Germany:	395,800,000 barrels
# 51	Ukraine:	395,000,000 barrels
# 52	Peru:	370,000,000 barrels
# 53	Pakistan:	341,800,000 barrels
# 54	Turkey:	288,400,000 barrels
# 55	Turkmenistan:	273,000,000 barrels
# 56	Guatemala:	263,000,000 barrels
# 57	Côte d'Ivoire:	220,000,000 barrels
# 58	Albania:	185,500,000 barrels
# 59	Papua New Guinea:	170,000,000 barrels
# 60	Philippines:	152,000,000 barrels
= 61	Suriname:	150,000,000 barrels
= 61	Chile:	150,000,000 barrels
# 63	France:	144,300,000 barrels
# 64	Poland:	142,400,000 barrels
# 65	Bahrain:	124,000,000 barrels
# 66	Hungary:	110,700,000 barrels
# 67	Morocco:	100,000,000 barrels
# 68	Croatia:	93,600,000 barrels
# 69	Congo, Republic of the:	93,500,000 barrels
# 70	New Zealand:	89,620,000 barrels
# 71	Netherlands:	88,060,000 barrels
# 72	Cameroon:	85,000,000 barrels
# 73	Austria:	84,300,000 barrels
# 74	Serbia and Montenegro:	38,750,000 barrels
# 75	Japan:	29,290,000 barrels
# 76	Bangladesh:	28,450,000 barrels
# 77	Czech Republic:	17,250,000 barrels
# 78	Spain:	10,500,000 barrels
# 79	Ghana:	8,255,000 barrels
# 80	Bulgaria:	8,100,000 barrels
# 81	South Africa:	7,840,000 barrels
= 82	Slovakia:	4,500,000 barrels
= 82	Greece:	4,500,000 barrels
# 84	Benin:	4,105,000 barrels
# 85	Taiwan:	2,900,000 barrels
# 86	Israel:	1,920,000 barrels
# 87	Barbados:	1,254,000 barrels
# 88	Jordan:	445,000 barrels
# 89	Ethiopia:	214,000 barrels
= 90	Madagascar:	0 barrels
= 90	Tanzania:	0 barrels
= 90	Rwanda:	0 barrels
= 90	Mozambique:	0 barrels
= 90	Afghanistan:	0 barrels
= 90	Somalia:	0 barrels
= 90	Ireland:	0 barrels
= 90	Namibia:	0 barrels
	Total:	1,349,417,153,000 barrels
	Weighted average:	13,911,517,041.2 barrels