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120 years of oil production, with surprises

Did you know that for eleven years Germany was among the 10 largest countries in the world for oil extraction? That for some years Tsarist Russia was the country with the largest oil production in the world? That in the 1950s Venezuela was the second largest extractor in the world after the US and that small Kuwait extracted more oil than large Saudi Arabia.

In a short video you can see the evolution of world production of black gold for 120 years and you will understand a lot about the evolution of the oil power games, the rise and disappearance of energy powers and the evolution of the sector in the future.

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The article 120 years of oil production, with surprises comes from ScenariEconomici.it .


This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/120-anni-di-produzione-del-petrolio-con-sorprese/ on Sat, 10 Jul 2021 07:00:06 +0000.