Who Really Controls The World’s Oil Reserves? ...Middle East

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Who Really Controls The World’s Oil Reserves?
source : OILPRICE ( Middle East ) () 45
Big Oil majors in the United States have found themselves the target of much pressure to boost production lately, as prices go wild amid a tight—and tightening—market. At the same time, the U.S. government, as well as the EU, have been looking all over the world for more supply. Wood Mackenzie just had some bad news for them. According to new research from the energy consultancy, more than half—65 percent, to be precise—of the world’s discovered oil and gas reserves are under the control of national oil companies.…

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