Crude oil had been one of the hottest topics to talk about since 18th century when the Industrial Revolution started. Crude oil and its sub-products had been affecting lives around the globe. With the rises of crude oil prices, other commodities follow and resulting the increasing inflation which had been a toll for common citizen all around the world. Below is the list of top 10 biggest oil producers in the world.
Top 10 Biggest Oil Producer Countries
- Saudi Arabia
- Russia
- United States
- Iran
- China
- Mexico
- Canada
- United Arab Emirates
- Venezuela
- Kuwait
Now let us compare Malaysia and Singapore in terms of oil production. Malaysia ranked #26 in the world while Singapore ranked #85. Now that would lead us to think further of what could possibly be the causes of more productivity in a smaller island as compared to a bigger mainland country? By the way, Israel ranked #94 in terms of oil production.
Let me share a joke but with truth to be learn with you. Once upon a time, a farmer and his family left his homeland in Israel and travel to the land of Saudi Arabia. He tries to make an honest living by planting crops for food and for sale. A couple of days, the crops would die. He tried again and again but the results were the same. He cursed and cried out to God and accusing Him of unfair treatment as to why his ex-homeland was fertile and yet this land that he settled down was barren. Finally, he gave up and sold his land to another foreigner at a very low price. The foreigner dug deeper and discovered black liquid flowing which is flammable. He quickly recognized the uses of this liquid and called it black gold as it was selling at a very high price in the market. The crude oil made the foreigner a huge fortune. Once news reached the ears of the farmer that sold the land full of crude oil away at a cheap price, he once again lamented and cried out to God accusing Him of unfairness. Suddenly, God spoke and said "I am fair to all mankind. I cause the sun to shine and the rain to pour on the rich and poor and to the good and evil alike. You did not discover the blessing I placed under your feet because you are not looking at the blessing you had in your life. You see problems and not solutions. You see evil and not goodness."
Moral of the story: "Look at how to profit from the problems by providing solutions because in every risk there are opportunities."
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Glad to see you’ve rightly got Canada up there…. did you know we’re the biggest exporter of oil to the US? That is, the US gets most of its oil from Canada. Not the middle east!
Yeap, you are right. Canada is very rich in resources especially crude oil. Canada has one of the largest tar sands deposits in the world.