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Visualizing The World's Ten Biggest Oil And Gas Companies
From 2005 to 2015, global oil usage has only increased from 83 million to 93 million bpd (1.13% CAGR). However, the overall rate at which the Top 10 has grown production has been at a 1.29% CAGR pace, and their production now makes up about 58% of all global production.
The biggest oil and gas companies with the most impressive increases in production are all state-owned. Saudi Aramco, the world's largest producer, increased production from 10.8 million bpd (2004) to 12 million bpd (2014). NK Rosneft' OAO, National Iranian Oil, Petrochina, and Kuwait Petrol Corp all saw sizeable increases. The only company to see a big decrease, however, was also state-owned (Gazprom).
Oil and gas continues to make up the majority of the global energy mix with 33% and natural gas at 24%. That said, based on the CAGRs above, it does seem that we are making progress in tapering the growth of production. Human population and the economy are growing at rates higher than 1.13%, so that means oil is giving up ground to other energy sources.
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When they kill 2 billion peeps then there will be no worries now will there. I belive if we got rid of the top 1 percent of the world the world be a much better place. Bill gates, george Soros, etc etc fuck you
I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... www.earnmore9.com
Bill Gates, George Soros and The Rolling Thunder...
It's a great time to learn about Permaculture.
http://naturecoastpermaculture.com/permaculture-design-service/
The oil & gas industries will soon be replaced by Infinite Energy....
Oil and gas companies are awesome. They employ tens of thousands of people who feed, house, and clothe their families with their oil company incomes. Oil companies provide a product that I freely purchase at a price that I am willing to pay.
The government makes more "profit" per gallon of gas than oil companies yet morons want to get rid of the free market - oil companies - not the corrupt governments. Sad.
Yeaaa more HUGE, totalitarian, soul crushing, government!!!!!
How much of that "price you are willing to pay" comes from tax benefits and loopholes extended to said oil companies?
If you think the market is "free", when petrochem companies can lobby with billions, dictate tax law to the foreign countries whose resources they exploit, and look the other way when they cause enviro disasters, you're dumber than I thought and a complete fucking tool if you think "tens of thousands of jobs" is a meaningful number on a planet with 7 billion people.
@GMad
We could always do something like this
http://www.zerohedge.com/news/2015-06-19/rand-paul-americans-see-rot-sys...
Best of luck even getting that into committee; Rand-standing is great for the cameras but does jack shit for the American people at the end of the day.
I semi agree with the rand-standing comment but on the other hand, the only way it could have a chance is to get people talking about it. I know, trying to educate 'Muricans is a near futile effort in itself, but it did happen once...
People talking is not enough; they need their votes to matter again, and that won't happen until we see electoral reform and more than 40% of Americans actually casting them. Sadly, this faces the same dilemma as Rand's plan. The answer, to my mind, is to start working the electoral problem at the local and state level (de-gerrymandering and promotion of third party alternatives to the two-headed circus' freaks we "choose" from now).
....well that's pretty good but my deaf Vietnamese webfooted amputee girlfriends mother makes 100000 VND a shot giving handjobs to pink elephants down at the peoples square and has offered me an associates postion....... but your scam sounds good too......
The Rolling Thunder you Asshole.
Bossman...reminds one of the Lily Allen song
https://www.youtube.com/watch?v=5QCxyns1lrg
George Soros bought a lot of shares in Alberta's oil sands and he also bought their new socialist government, the NDP. He already has David Dodge, another Bilderberg buddy of his, planning the new regimes budget.
The world without the top 1%? No one to make innovations, only pick bananas. I suppose that includes the 1 in 10000 that is a genius.
Which top 1% are you talking about?
the 1% that watches porn and fries child experts who tap their line.
Bankers don't innovate anything beyond perhaps legal strategies and new ways to pay off cronies and regulators.
Really, the world economy is growing?
Could have fooled me.
Is that in real figures or based on the seasonal adjustments and government reported GDP.
Barely Inflationary.
Alternative energy sources like...nothing? Is it possible that consumption of energy is down because consumption of everything is down....especially bullshit?
Age o' Foil
Age o' Foil
Very true; the declining power of the Seven Sister Corporates is the sign of the times.
What Chevron started in Saud by initiating Aramco with the help of Saint John Philby, leading to FDR's historical handshake of 1945-- as follow on to the take over of Pax Britannica's Sykes Picot divide of Ottoman arab lands-- plus Irak/Iran/Kuwait oil discoveries by Shell/BP in the wake of Baku find/Gulbekian deal-- (which started the whole ME oil patch rolling like God's hidden thunder); now swings towards Chindia and Russia taking over the demand and supply equations of fossil fuels in that key region.
As Saud now caught in the regional political Fitna assymetric war divide of its own concoction-- with the egging on of the CIA/Neocon legacy-- has all its guns blazing to bring down US's challenge of home production based on shale fracking-- as a desperate play on the Casino table to save the princely hides of its obscurantist ruling classes.
The age of US unipolarity may be coming to an end; right where it started; if the Sunni kingdoms go rogue on FDR's handshake legacy.
Awesome fall out for petrodollar reign's possible termination as a result of its announced corruption, now all built on the shaky foundations of unlimited CB fiat debt machine.
As the poet would say in a Shakespearean play : When spying thieves and Oligarchs fall out...there is something very rotten in the kingdom of Denmark !
Falak Pema
Saud going rouge on 1945 handshake.
Where would Saudi be without USA protection ?. If the agreement based on Saudi oil for USA $ and military protection falls apart would this not jeapodise saud security.
Would it be your opinion that USA and fracking industries have the upper hand on the security issue ?. And will eventually dictate Saudi output ?.
Please forgive my ignorance on such matters, a curious mind sometimes left in the dark !.
The Kings of Saud have a double strategic objective :
1° As avowed scions of Wahhabism, a very retrograde form of Islam they see themselves with a sacred mission to Islamise the world. On this issue there can be NO COMPROMISE in their minds. They have to ERADICATE all forms of deviant heretic trends in Islam; which means that they cannot TOLERATE Shia ISlam and historical rivalry with Iran, an ancient Empire that challenges Arab domination in region as it does Sunni domination of ISlam.
Saud HAS to fight this twin challenge all the while trying to douse the Infidel trend in the world; aka the age old rivalry with Christianity since the Crusades.
2° As allies of "christian" USA via the FDR handshake, Saud is also guarantor of Ghawar's contribution to First world's wealth as our economies LIVE OFF OIL and gas. The 1973 crisis has clearly shown that and the Seven Sisters hold on world Oil has ensured that US power and Oil power go hand in hand since Dear Henry's shuttle diplomacy which sancuarized petrodollar as world reserve currency after the BW gold exchange was revoked.
Now with the decline of US military power in the ME, as the US changes it position of being friendly to rabid Sunni Jihadist challenge, and reaches out to appease Shia Iran, the Sauds feels they have been BETRAYED by the US which challenges it oil hegemony via its shale oil plays AND undermines its hold on the Islamic world, the UMMA of Sunni Islam-- more than 1 billion faithful followers of Mecca's beacon-- and that is the DEAL BREAKER in their ideological minds.
Saud is now caught between the hammer of US policy change that undermines Saud's hold on Islam and the anvil of seeing its Ghwawar oil monopoly also being replaced by shale plays in FIRST world.
Whence the dissension and Saud's reappraisal of its future alliances.
Rabid Islamic stance--now challenged from within by ISIS goingviral (like Al qaeda did)-- and US friendly alliance are now at loggerheads!
A report of trouble in the Kingdom from Fars (Iranian source), so a pinch of salt is needed.
"A Saudi military-political movement "Ahrar al-Najran" ("Free citizens of Najran") captured a military base in the South of the Kingdom"
"A group of political activists — representatives of various tribes of the province of Najran, in southern Saudi Arabia on the border with Yemen have formed a military-political movement "Free citizens of Najran", which aims to fight for independence from the ruling family of al Saud",
https://z5h64q92x9.net/proxy_u/ru-en.en/rusvesna.su/news/1434873771
Thanks for having "sanctuarized" my spiel before I could correct it!
But yes, the Sunni DOGMA now has other more "pure" proponents than the Saud who "shook hands with the devil from 1945 onwards"...whence the rebellion both in Shia Iran (from 1979) and now in Al Qaeda/ISIS Sunni INTERNAL dissent.
Those petromonarchies are now sitting on a Mount Vesuvius! Pompei calling!
Peein'
No, they probably won't go the Communist route.
- Ned
Funny, since they only reason they were targeted for destabilization was that dirtiest of words to capitalists: "nationalization".
The US fracking industry exists only within a very narrow economic window; fucking airlines have more wiggle room in their margins.
Many operators are looking into the idea of diversifying away from oil and into renewable energy technologies. However it must be kept in mind that there is no alternative to petroleum. Most people in the press, government and within the renewable energy cult are totally ignorant of the fact that it takes more BTU energy from “oil” to mine the needed rare earth minerals and raw materials, manufacture and distribute solar panels, wind turbines and batteries than they produce. In other words…more BTU’s in than what comes out. And the religion of science is not going to find an alternative to oil.
This logic applies to shale and other low EROI sources just as well, as long as we're discussing religious dogmatism.
Let's see your sources on the TCO of solar panel construction and compare them to how many BTUs are used to try to tap oil miles offshore because that's all you can find worth drilling.
Then we can compare local generation with burning natty gas tens of miles away and suffering transmission losses.
Save the petrochemicals for fertilizer and plastics, you're gonna fucking need em.
Not to mention that you're comparing a nascent solar industry with a decades old oil industry; a comparison to the efficiency of oil drilling during Getty's robber-baron run would be more appropos.
http://www.technologyreview.com/news/517811/a-material-that-could-make-s...
https://en.wikipedia.org/wiki/Solar_cell_efficiency#/media/File:PVeff(rev150609).jpg
There will be a cross-over point, as oil will get nothing but harder to find until it can't be found at any price.
We are NOT running out of oil. Less than 20% of the worlds oil has actually been extracted. The industry is fully aware of this.
There are also trillions of barrels of oil and billions of cubic feet of gas locked in shale formations all around the world, much of it offshore. The issue is cost of extraction. In other words...lift costs. Hydraulic fracturing has never been the technology that could accomplish this. It was just a means to an end.
There is a new technology that is far less expensive than hydraulic fracturing and is far more efficient at increasing oil and gas shale formation permeability. The technology also improves production results and well longevity while eliminating the need for large amounts of water, pressure, chemicals and sand (proppants).
Those who predict the end of the oil industry are quite sophomoric. The truth is its better days lay ahead.
Unless you're one of the nutters who believes in abiotic oil, there won't be any more arriving, so you've extended the timeline slightly, and little more.
You're also ignoring the fact that most of the formerly undeveloped world wants to use that oil too so that pulls your timeline and shale solution forward again.
It's not a matter of if, but when.
More food for thought from the same source...
http://www.visualcapitalist.com/slideshow-powering-new-york/