how big is big oil?

by **LateGreatPlanetEarth** » Sat 02 Jun 2007, 19:14:18

i'm thinking maybe around 5% of the world oil supplies. right off the mark, opec has 70% of the known reserves. does anyone have the stats?

by **threadbear** » Sat 02 Jun 2007, 19:45:23

I think it's around 15%

by **Plantagenet** » Sat 02 Jun 2007, 23:04:22

WaPo says Government controlled National Oil Companies control 77% of world's oil, and the remaining 23% is divided up between all the US, British, Dutch, French etc. private multi-nationals that make up so-called "Big Oil."

http://www.washingtonpost.com/wp-dyn/co ... 01978.html

by **LateGreatPlanetEarth** » Sun 03 Jun 2007, 22:28:21

i thought big oils was the commercial international oil companies, under that definition what percentage? i'm attempting to have information to thwart the argument that big oil is gouging the consumer with big profits.

by **Plantagenet** » Sun 03 Jun 2007, 23:03:47

According to WaPo, about 23%.

That includes BP, Total, and Royal Dutch Shell and other foreign oil companies combined with the U.S. big oil companies like Exxon and Chevron.

You sometimes see a lower figure of ca. 12-15% just for the US oil companies.

by **LateGreatPlanetEarth** » Tue 05 Jun 2007, 00:03:03

thanks. like your quote.

how big is big oil?

how big is big oil?

Re: how big is big oil?

Re: how big is big oil?

Re: how big is big oil?

Re: how big is big oil?

Re: how big is big oil?

Who is online