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The United States currently holds approximately 83.7 billion barrels of proven oil reserves, placing it eighth globally with about 4.7% of the world's total supply. While the U.S. is the top global producer, its reserves are significantly smaller than those of leaders like Venezuela, which holds over 300 billion barrels, and Saudi Arabia. This disparity exists because much of the American supply consists of shale oil, which is more technically difficult and expensive to extract than Middle Easte
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