“Only about 7 percent of oil is currently produced by major oil companies like Chevron, Shell, BP, and ExxonMobil. The rest is produced by nationalized oil companies such as Pemex in Mexico, Aramco in Saudi Arabia, Petrobras in Brazil, Petroleos de Venezuela, and so on. For practical purposes the Russian oil companies are also under the direction of their government.”
James Howard Kunstler, a man that doesn’t like, among other things, suburbs
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