congress is somewhere between gravely retarded and brain-dead.
The largest US oil company (Exxon/Mobil) controls exactly 3.1% of world oil production.
COMPANY WORLDWIDE OIL PRODUCTION
Million barrels per year, 1998
Saudi Arabian Oil Co.* 3028
Petroleos Mexicanos* 1278
Petroleos de Venezuela* 1258
China National Petroleum* 1168
BP Amoco + Arco 963
ExxonMobil 894
Royal Dutch/Shell 859
Nigerian National Oil Co.* 772
Iraq National Oil Co.* 770
Kuwait Petroleum* 757
Chevron + Texaco 756
Look at who is leading this, rather funny they have the audacity.
Both, I think.