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(The data below does not seem to include shale oil and other unconventional sources of oil such as tar sands. For instance, North America has over 3 trillion barrels of shale oil reserves, [ citation needed ] and the majority of oil produced in the US is from shale, leading to the paradoxical data below that the US will finish all its oil at ...
The politics of Panama take place in a framework of a presidential representative democratic republic with multi-party system, whereby the President of Panama is both head of state and head of government. Executive power is exercised by the president. Legislative power is vested in the National Assembly.
In 2008, Panama had the second most unequal income distribution in Latin America. The Torrijos government implemented tax reforms, as well as social security reforms, and backed regional trade agreements and development of tourism. Not a CAFTA signatory, Panama in December 2006 independently negotiated a free trade agreement with the US.
The strategic waterway, which handles about 5% of global maritime trade volume, is operated by the Panama Canal Authority, an agency of the Panamanian government, not Chinese soldiers.
[1] [3] Some non-IEA countries have started work on their own strategic petroleum reserves. China has the largest of these new reserves. [4] Global oil consumption is in the region of 0.1 billion barrels (16,000,000 m 3) per day. [5] The 4.1 billion barrels reserve held in 2004 would be equivalent to 41 days of current production.
In reality, since 2000 the canal has been operated by the Panama Canal Authority, whose administrator, deputy administrator and 11-member board are selected by Panama’s government but operate ...
In 1903, Panama was a restive department of Colombia, with many Panamanians advocating openly for independence from a central government on the other side of the impassable Darien Gap jungle that ...
Top 5 oil-producing countries 1980–2022 World oil production. This is a list of countries by oil production (i.e., petroleum production), as compiled from the U.S. Energy Information Administration database for calendar year 2023, tabulating all countries on a comparable best-estimate basis.