[eserorg]

Table 6, page 23:

"Reserves of Fossil Fuels Plus Technically Recoverable Undiscovered Oil and Natural Gas:" ---

Russia: 293.7 ---

Saudi Arabia Estimated Undiscovered Oil and Gas: 231.3 ---

United States Undiscovered Oil and Gas: 351.5 ---

351.5 > 293.7 > 231.3

Regardless, I'm putting my life where my mouth is. I started my own oil and natural gas exploration and production company in Denver.

I've also spun off a second company, a mineral royalties company, that is focused on the acquisition and divestiture of North American mineral rights in producing open-pit mines.

And finally, I've started a third US natural resources company, SonicFrac, to develop a solid-state fracturing device for optimizing the production of US Shale gas wells.

I also invest every last penny that I take home back into US mineral rights, US oil and gas prospects, and US minining royalties.

I own stock in dozens of publicly traded oil, gas, mining, and resource development companies.

Natural resources are the first thing I think about when I wakeup in the morning, and the last thing I think about when I go to bed at night.

I'm 26.

Perhaps I'm irrationally optimistic about US resource wealth...

I don't believe that I am.

But, you _need_ to be irrationally passionate about what you do. Whatever it is.

If you're running a consumer internet company, and are not irrationally passionate about its future, I doubt you could persevere through the trials and tribulations of being an entrepreneur.

I am a US natural resources entrepreneur. And I am zealous about what I do. You should be, too.

[hristov]

Undiscovered oil and gas means (logically enough) oil and gas that has not been discovered yet. The existence of this stuff is a mere guess. Not only that but different people are making estimates for different countries using different methodologies, and different countries have different incentives for under or over estimating.

You cannot say that the US has more oil and gas based on estimates or guesses as to the undiscovered oil.

But wait. Lets assume that you are right. Lets assume that these undiscovered oil and gas estimates are perfect and all of the estimated undiscovered oil and gas actually exists. Well then if you try adding up these undiscovered estimates of table 6 to the proven oil and gas reserves of table 5 you will still find that russia and saudi arabia have far more oil and gas than the US. So your initial statement is still incorrect.

Well congratulations on being an entrepreneur and good luck. I hope you get some of that undiscovered oil. But you should not let your enthusiasm nudge you into massaging the facts.

[eserorg]

Column #3 on Table 6, page 23 is the sum of: proved hydrocarbon reserves (from table #5) + undiscovered hydrocarbon reserves in BOE.

[hristov]

Column 3 of table 6 includes coal. Nobody disputes that including coal the US has the most hydrocarbons.

But the original statement was that the US has the most oil and nat gas. And that is not true and not shown by the document.

edit: hydrocarbons substituted for carbohydrates

[eserorg]

Re: "Nobody disputes that including coal the US has the most carbohydrates."

Carbohydrates are what you eat for breakfast.