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Retrieved 6 December Philco A also AU. This process of consolidation created some of the largest global corporations as defined by the Forbes Global ranking, and as of all were within the top Sanyo installation instructions for Sanyo automotive sound products

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Accessed 29 July Archived from the original on 25 April Retrieved 29 July Archived copy as title link CS1 maint: The History of the British Petroleum Company.

Archived from the original on 18 April Retrieved 18 April Past, present, and future" PDF. Archived PDF from the original on 3 December Retrieved 4 January Resources For The Future. Archived PDF from the original on 1 December US Energy Information Administration. Archived from the original on 7 January Retrieved 25 August Why a Few are Rich and the People Poor.

Berkeley, Los Angeles, London: University of California Press. Financial Times World Desk Reference. Retrieved 16 August Northfield Mount Hermon School. Archived from the original on 17 December Retrieved 14 January Archived from the original PDF on 27 February Retrieved 12 January Grain and Oil" PDF. Oil production in Saudi Arabia increased fourfold, while oil prices collapsed by approximately the same amount in real terms.

Oil Replays s Bust". Retrieved 16 January Archived from the original on 8 January Retrieved 6 January Archived from the original on 13 January Retrieved 8 January Peak oil Mitigation of peak oil Predicting the timing of peak oil Hubbert peak theory Olduvai theory. Albert Allen Bartlett Colin J. Ruppert Matthew Simmons Richard C.

Acronyms Oil shale gas Peak oil mitigation timing People Petrocurrency Petrodollar recycling Shale band Shale gas Swing producer Unconventional oil heavy crude oil sands oil shale tight oil. Retrieved from " https: Energy crises History of the petroleum industry s economic history Petroleum economics. All articles with dead external links Articles with dead external links from January CS1 maint: Archived copy as title CS1 maint: Views Read Edit View history.

Big Oil is a name used to describe the world's six or seven largest publicly traded oil and gas companies , also known as supermajors. Big oil is often associated with the fossil fuels lobby and also used to refer to the industry as a whole in a pejorative or derogatory manner.

The term, analogous to others, such as Big Steel , that describe industries dominated by a few giant corporations, was popularized in print from the late s. In the maritime industry, six to seven large oil companies that decide a majority of the crude oil tanker chartering business are called "Oil Majors".

The history of the supermajors traces back to the " Seven Sisters ", the seven oil companies which formed the " Consortium for Iran " cartel and dominated the global petroleum industry from the mids to the s.

The supermajors began to emerge in the lates, in response to a severe fall in oil prices. Large petroleum companies began to merge, often in an effort to improve economies of scale , hedge against oil price volatility , and reduce large cash reserves through reinvestment. This process of consolidation created some of the largest global corporations as defined by the Forbes Global ranking, and as of all were within the top In the maritime industry, a group of six companies that control the chartering of the majority of oil tankers worldwide are together referred to as "Oil Majors".

From Wikipedia, the free encyclopedia. Retrieved 28 April The New York Times. Oil companies may rank as some of the biggest private-sector corporations, but when it comes to oil Some thought that the oil companies got rich from the Raw Materials Investments and Nixon's campaigns were partly financed by oil money, and his Secretary of the Interior, Walter Hickel, was an A - C - Volume 1 - Page Charles Wankel - The older term Big Oil, used in reference to the cooperative behavior and lobbying of oil companies, is often used now to refer specifically to the supermajors.

Each supermajor has revenues in the hundreds of billions of dollars, benefiting from An A-to-Z Guide - Page Dustin Mulvaney - "the oil majors have the power to manipulate oil prices, profiteering at the expense of consumers in North America and Europe. Petroleum in World History Brian C.