Black Gold
It seems there is a lot going on with oil production these days. The major countries of the world are all trying to secure as much oil production as possible. In recent months, China has made some big moves in this direction. They recently bought nearly half of Singapore petroleum Co in a move to secure their resources. This comes on the heels of a major deal with the Brazilian government and the Venezuelans.
It seems that with all the talk about going green, the major players of the world are hedging their bets. Oil will still be a major factor in energy for many years to come. I hope that all the worlds’ countries will try to lessen their dependence on oil and become more reliant on cleaner energy sources.