Saturday, December 24, 2011

Exxon no longer largest producer

Rosneft displaces ExxonMobil to be largest producer of oil in the world by a tiny fraction.  Another prediction coming true of National Oil Companies becoming real threat to International Oil Companies.  Nonetheless, both cannot be truly independent of one another considering technology remains to be the Achilles Heel for NOCs and IOC craves for access.

Rosneft Largest Producer of Oil

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