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05:18 PM
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Putin is now the World's New Oil Czar! Increases Defense Spending 59% while US Cuts
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[quote:Anonymous Coward 27435690:MV8yMDM0MzgyXzM0Mzg1ODc3XzZDNDQwRDRC] US still spends 50 times more [/quote]
Original Message
Exxon Mobil is no longer the world’s number-one oil producer. As of last week, that title belongs to Putin Oil Corp – oh, whoops. I mean the title belongs to Rosneft, Russia’s state-controlled oil company.
Rosneft is buying TNK-BP, which is a vertically integrated oil company co-owned by British oil firm BP and a group of Russian billionaires known as AAR. One of the top-ten privately owned oil producers in the world, in 2010 TNK-BP churned out 1.74 million barrels of oil equivalent per day from its assets in Russia and Ukraine and processed almost half that amount through its refineries.
With TNK-BP in its hands, Rosneft will be in charge of more than 4 million barrels of oil production a day. And who is in charge of Rosneft? None other than Vladimir Putin, Russia’s resource-full president.
[
link to stratrisks.com
]
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