Oil: From Russia, Without Love

Written by Gary North on December 27, 2011

In 2002, about 60% of the world’s oil came from non-OPEC sources. Today, it’s about 57%. Problem: Russia now supplies 25% of this non-OPEC oil. Today, Royal Dutch Shell and Exxon Mobil “have essentially abandoned the effort to meaningfully expand their oil reserves. Instead, they are now shifting course in favor of a strong, natural […]

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