An Interesting and Stubborn Fact

Facts are stubborn things. With the recent rise in gasoline prices, it will be the natural tendency of the political class to blame oil companies and seek to demonize them in the public eye. (And based on my conversations on the topic with fellow citizens, they are easy to demonize.)

However ... I ran across this very interesting chart. If you believe that he who controls oil production also influences the price of oil then check out this chart. Who profits the most of increased oil prices? Well, it would appear that the top 13 producers of oil are, in fact, governments and these governments produce 94 percent of the world's oil.