This was an interesting info graphic article… if you want to know about oil and you whine about those big bad oil companies, you really need to whine about those “COUNTRIES” that own their own oil companies… the 10 largest oil companies are State Run… State owned … and used to pay for country welfare programs… The reality is they can’t stop producing just because the price is down, in fact they have to produce more to try and pay the bills that the oil was paying… so seeing a rebound in oil prices any time soon???? not likely.
Infographic: The World’s 10 Biggest Oil and Gas Companies
It was interesting that his last line was: “Human population and the economy are growing at rates higher than 1.13%, so that means oil is giving up ground to other energy sources.”
WD0AJG