Who Controls The World's Oil?
How Much Oil Is Left On Earth? http://bit.ly/1Ocnvyk Subscribe! http://bitly.com/1iLOHml The U.S. might produce more oil than any other country, but that doesn't mean they control the...
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Since the mid 19th century, oil has fueled the industrial revolutions and economic developments of nearly every country on earth. This slowly dwindling resource has also contributed to some of the worst wars in modern history, and earns its suppliers billions upon billions of dollars each year. When it comes to international power, control over oil can be just as important as military or diplomatic strength. But the overwhelming majority of the world’s oil is held by only a small handful of people. So just who exactly controls the world’s oil? Well, in terms of output, the top three oil producing countries are the United States, Saudi Arabia and Russia. In 2014, the United States produced about 14 million barrels of oil a day, with the Saudis and Russians trai...
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Since the mid 19th century, oil has fueled the industrial revolutions and economic developments of nearly every country on earth. This slowly dwindling resource has also contributed to some of the worst wars in modern history, and earns its suppliers billions upon billions of dollars each year. When it comes to international power, control over oil can be just as important as military or diplomatic strength. But the overwhelming majority of the world’s oil is held by only a small handful of people. So just who exactly controls the world’s oil? Well, in terms of output, the top three oil producing countries are the United States, Saudi Arabia and Russia. In 2014, the United States produced about 14 million barrels of oil a day, with the Saudis and Russians trai...
