The volatility in oil prices over the past decade has created plenty of concern for business people, national governments, and global policy makers alike. With such uncertainty in pricing, coupled with environmental concerns as our world’s appetite for fossil fuels grows, the questions of whether there are enough petroleum oil reserves to satisfy demand, and what the consequences of its extraction will be, have never been more pertinent. In order to shed more light into a somewhat ambiguous subject, Insidermonkey experts have profiled the countries that produce the most crude oil in the world to help put their positions within the energy landscape into perspective.
The volatility in oil prices over the past decade has created plenty of concern for governments and policy makers at the global stage. This lack of certainty, coupled with environmental concerns as the world grows ever more energy hungry, the question of whether there are enough petroleum oil reserves to satisfy the demand and what the consequences will be has never been more pertinent. In a bid to shed more light in this somewhat nebulous sector, we have profiled countries with the highest oil reserves in the world. Aside from keeping tabs on the petroleum production, exporting, as well as statistics on the 15 countries with the largest oil reserves, the OPEC is also an influential force in the global oil market and its prices.
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