OGJ Editorial: The oil superpowers

10/14/2002
The three superpowers of oil production take instructively contrasting approaches to a fundamental question: Why produce oil?It's a question worth asking occasionally. Producing oil is expensive, risky, and difficult. It disturbs the landscape. It creates messes when things go wrong. It requires mechanical intervention of complex natural systems typically very hot, highly pressured, and full of foul if not toxic substances.Despite these inconveniences, companies and governments in more than 60 countries find production worthwhile. They produce oil to burn and to sell because they need energy and money. That's simple enough. What gets complicated is the interplay of those motives i...
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