By Christopher Helman
Forbes - 7/16/2012
Every once in a while it’s good to remind ourselves who
really controls the world’s horde of oil and gas. When you here the
words “Big Oil” the company that likely springs first to mind is
ExxonMobil. But in reality there are far bigger players than Exxon. More
than 70% of world oil reserves, and an even greater percentage of the
remaining reserves of “easy oil” are held by national oil companies
controlled by kings and potentates and even some democratically elected
governments like Saudi Arabia, Venezuela and Norway.
But when sorting through the rankings of the World’s 25 Biggest Oil Companies
and looking at who controls and influences the biggest of big oil one
thing becomes clear: no industry leader has more sway, has twisted more
arms or made more deals than Russian President Vladimir Putin.
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