150 years ago this week, Colonel Edwin Drake struck oil in Titusville, Pennsylvania. Ever since, oil has become the most important commodity in the world. Despite the hype about green technologies and other alternative sources of energy, crude oil will continue to be the major source of energy for many years to come.
In this post, let's take a quick review of the largest oil producing nations in 2008 and the largest oil fields.
Top Oil Producing Countries 2008 (in million barrels per day)
World’s Largest Oil Fields
Source: IHS CERA