Oil Wars: US Companies Against China, Russia and India

With the prospect of declining reserves, rising extraction costs, and recent poor record of exploration in their traditional fields of operation the international oil ‘majors’ need better access to untapped oil fields in the Middle East and Russia. However, easy to express in words, the actual process itself promises to be rather arduous. While under heavy pressure from the need to preserve the returns their investors expect, the international oil companies (IOCs) are less welcome in oil-producing countries: increased nationalism and consistently higher crude prices have reduced many governments’ need for international assistance.
Global Politician