Los Angeles Times | US oil reserves larger than those of Saudi Arabia or Russia Los Angeles Times The United States has overtaken industry giants Saudi Arabia and Russia in recoverable oil reserves, an international study released Monday says. The U.S. is sitting on 264 billion barrels, 8 billion barrels more than Russia and 52 billion more than ... US has more untapped oil than Saudia Arabia, Russia U.S. has more untapped oil than Saudi Arabia or Russia Rally Over? Oil Down 4 Percent |