1.0TheBizSense Viewshttps://www.thebizsense.com/viewsrich600338<blockquote class="wp-embedded-content" data-secret="mBXZ3BenWn"><a href="https://www.thebizsense.com/views/investments/where-can-extra-supplies-come-from">Where can extra supplies come from?</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.thebizsense.com/views/investments/where-can-extra-supplies-come-from/embed#?secret=mBXZ3BenWn" width="600" height="338" title="“Where can extra supplies come from?” — TheBizSense Views" data-secret="mBXZ3BenWn" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript"> /* <![CDATA[ */ /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); //# sourceURL=https://www.thebizsense.com/views/wp-includes/js/wp-embed.min.js /* ]]> */ </script> https://www.thebizsense.com/views/files/2011/02/ecuador-chevron.448.jpg448200Where can extra supplies come from? However, it is true that there are increasing geological, commercial and political problems with expanding supply of conventional oil. The important new discoveries are deep under the oceans, so very expensive to find and exploit. It becomes increasingly difficult for oil majors to operate internationally because of resource nationalism – protection for state oil interests and more aggressive taxation. Nomura recently estimated that seven of the ten top source countries shut out Western oil companies. The multinationals also face increasingly aggressive competition internationally for access to oil wealth from the China’s three giants: PetroChina,