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Posted AT 6:00 AM EDT on 09/05/08

The big myth about Big Oil

Globe and Mail Update

Quick quiz: Name the top three oil-producing countries in the world. For some reason, few people get this one right. The supplementary question is why? Could it be that popular mythologies make the correct answer appear impossibly wrong? Yes, Saudi Arabia is No. 1 (with total oil production of 10.66 million barrels a day). Yes, Russia is No. 2 (with 9.67 million barrels). Nigeria, however, is not No. 3. Venezuela is not No. 3. Kuwait is not No. 3.

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