65% of discovered Oil and Gas reserves are under the control of National Oil Companies:

[Devils_Advocate]

After you read the article take a moment four out of seven of the big National Ran Companies that produce oil and gas are under sanctions and that 65 percent of Oil and Gas reserves are controlled by National Gas Companies…

And we wonder why we the people are feeling the pinch?

Who Really Controls The World’s Oil Reserves? | OilPrice.com

As much as 65 percent of the world’s oil and gas reserves are controlled by national oil companies according to new research

oilprice.com

 

[JGalt]

When did the American government nationalize oil production? Did I miss that or something?

I thought all American oil companies were private businesses?

 

[Dont Taz Me Bro]

Who else would control them?

 

[Harpy Eagle]

Who else would control them?

Private companies?

 

[surada]

When did the American government nationalize oil production? Did I miss that or something?

I thought all American oil companies were private businesses?

Didn't you read the article?

 

[Mac-7]

Private companies?

The oil companies are under great pressure from liberals not to increase production capacity

The same people who oppose nuclear energy and push windmills

Biden is just a small part of the problem

 

[Dont Taz Me Bro]

Private companies?

That's what I was getting at. I misunderstood "National."