Who Controls The World’s Oil?


NowThis

Published on Dec 18, 2015

How Much Oil Is Left On Earth? http://bit.ly/1Ocnvyk
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The U.S. might produce more oil than any other country, but that doesn’t mean they control the oil market. Who exactly controls the world’s oil?

Learn More:
Total Petroleum and Other Liquids Production 2014
http://www.eia.gov/beta/international…

Background: What caused the 1970s oil price shock?
http://www.theguardian.com/environmen…
“There were a series of energy crises between 1967 and 1979 caused by problems in the Middle East but the most significant started in 1973 when Arab oil producers imposed an embargo.”

Six Years Ago, Chuck Hagel Told the Truth About Iraq
http://www.huffingtonpost.com/michael…
“But what you probably haven’t seen — because everyone has forgotten — is that back in 2007, Chuck Hagel went totally crazy and told the truth about our invasion of Iraq.”

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