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Paul Killinger's
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With the exception of the Saudis (who have more oil and money than God), NOC's are a dismal joke (with the possible exception of Brazil, which has so far had the sense to utilize the expertise of the IOC's).
Sep 12 12:07 pm
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All Comments by Paul Killinger »Big Oil Companies Could Lose Out on Exploration Deals [View article]
Russia, Venezula, Iran, et al, are all sacrificing efficient energy development in the name of propping up their socialist political regimes.
We're lucky we haven't done that here (so far!). But don't take my word for it. The U.S. now has 100+ years of NG reserves after Jimmy Carter told us we'd run out!