Big Oil is getting smaller

According to PeakOil.com, the seven largest oil companies of the Western world — ExxonMobil, Shell, BP, Chevron, Total, ConocoPhillips and Eni —have seen their oil output decline by 12.4 percent between 2009 and 2013. According to the IEA, if total world oil supply has risen from 85.66 million barrels per day in 2009 to 91.53… Continue reading Big Oil is getting smaller