Submitted by giteam t3_yfi9g0 in dataisbeautiful
Comments
juan-de-fuca t1_iu3r7yq wrote
Is it wrong to think “pathetic, Canada has huge oil and gas reserves and not one major corporation to represent that”?
GoatOnDaMoon t1_iu3uruj wrote
The problem is those Oil reserves are in tar sands, which makes the extraction difficult to scale and profitable at oil prices up until recently
685327593 t1_iu3y255 wrote
And the lack of pipeline capacity due to Keystone XL being canceled.
ItCaliGirl t1_iu5p16b wrote
Less money for the Koch brother, though, so W!
685327593 t1_iu5rvyw wrote
It has nothing to do with the Koch bothers.. also there is only one now because the other died.
ItCaliGirl t1_iu5sa9r wrote
Hence the word “brother” in my response.
For your edification:
https://www.reuters.com/article/idUS292515702420110210
Edit: Another article regarding Koch Industries, Canada’s Oil Sands, and the Keystone XL Pipeline.
Zalibo t1_iu4151e wrote
>Is it wrong to think “pathetic, Canada has huge oil and gas reserves and not one major corporation to represent that”?
well thats the problame with not nationalizing the Natural resource canada and the US may have larger producation then the many other countries but they are the least places where the public actually banefit from these resources
[deleted] t1_iu5in5l wrote
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Zeko_Tosh t1_iu40g8o wrote
On the other hand, France and UK don't have any reserves.
Spacepotato00 t1_iu42166 wrote
The UK has reserves
Zeko_Tosh t1_iu4nmwc wrote
Yes but they don't use it
Spacepotato00 t1_iu4o7rf wrote
They were recently used
Marshmello_7687 t1_iu8d521 wrote
yep your right
Pippin1505 t1_iu491j4 wrote
The "nationality" of IOC is meaningless.
They're multinational and investor owned. They follow the money...
Zeko_Tosh t1_iu4nc10 wrote
Yes I know how it works. Basically : Fuck off and give me your oil.
knowknowknow t1_iu4wmni wrote
I'm not sure you do know how it works. I just watched in real time as you learned that the UK has hydrocarbon reserves
shillyshally t1_iu3jqq5 wrote
From Barron's - "Because of deals signed in just the past year, companies like BP, Shell, Exxon, and Chevron are building enough offshore wind farms to supply millions of homes on the East Coast with electricity and are preparing to produce hundreds of millions of gallons of fuel made from plants, garbage, and kitchen grease. They’re increasingly confident that they can get greener without sacrificing profits.
A gusher of cash this year makes that an easier task. Oil companies are taking advantage of sky-high commodity prices to pay down debt, fund capex and shareholder returns, and invest in low-carbon businesses of the future. Worldwide, total investments in renewable energy is on track to exceed oil and gas investments for the first year ever this year."
So, some of the oil companies see the writing on the wall. OTOH, Shell is doing a buy back rather than lowering prices.
[deleted] t1_iu4jgad wrote
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RFID1225 t1_iu47dxn wrote
Where are the two Chinese companies getting their oil from? I didn’t think they sourced oil significantly in China.
knowknowknow t1_iu4y2zk wrote
A lot is through buying equity as a non-operating partner in large international projects. They have done so recently in projects operated by Shell, Equinor and Apache. Other revenue will come from acquisitions such as of Spain's Repsol.
RFID1225 t1_iu4z3ds wrote
Thank you.
borisdiebestie t1_iu4lu96 wrote
There are significant oil reserves in China like in the Daqing, Chonqing or Tarim oil fields. China possesses an estimated 26 billion barrels of proven oil reserves while the US holds an estimated 32 billion barrels (OPEC data).
bluebirdnow t1_iu61zv0 wrote
China is #4 to #6 (depend on the year) in oil production in the world. US, Saudi Arabia and Russia are all typically around the same at 1-3 with roughly 11-12 million barrels per day with China around 1/3 of that. If all the oil goes through just the Chinese state owned company and if they are also involved in other oil assets in other countries, I can see them high up on this list. But I'm surprised they have TWO ahead of Saudi Arabia.
Phadafi t1_iu41jqd wrote
It is impressive that Petrobras still in the top 20 after all the shit that went through the 2010s and it almost going bankrupt.
jplebourveau t1_iu70sld wrote
About half of China’s production with a quarter the population… so what you’re saying is the US is killing Earth…
giteam OP t1_iu3j5bc wrote
[deleted] t1_iu3s7dr wrote
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[deleted] t1_iu3tfop wrote
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Pippin1505 t1_iu48w05 wrote
A useful indication woud be NOC (State Owned) vs IOC (Investor Owned) in the chart (maybe simply a slight color change ?
Production is good, but 2P Reserves is also interesting. When OPEC countries reduce production on purpose, it's to protect the value of their huge reserves
[deleted] t1_iu5rwko wrote
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Only_Tomorrow3043 t1_iu3vi92 wrote
Knowing that a lot of huge companies oil don’t declare anything and stay anonymous, how can we expect to move to green energy without those multi-trillion companies not trying to slow it down.
oeuvre9000 t1_iu3rk5x wrote
Suggestions:
The thick, red, high-contrast lines separating the bars are reducing readability and clarity.
Aligning the flags at the right-hand end of the X axis labels would allow groupings to stand out more.
Swapping the X and Y axes would let you use larger text for the embedded revenue values and orient the smallest text more comfortably. You'd lose the fuel-filled vessel metaphor, but I'm not sure that's currently adding a lot.