Difference between revisions of "Big Oil"
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| − | Big Oil is a term | + | '''Big Oil''' is a pejorative term used to describe the major [[petroleum]] companies such as [[ExxonMobil]], [[Chevron-Texaco]], [[BP]], [[Total]], [[ConocoPhillips]] and [[Royal Dutch Shell]]. These are some of the largest [[corporation]]s in the world, although several other state-owned oil companies are also becoming large oil exploration and production companies. These are [[Saudi Aramco]], Russia’s [[Gazprom]], [[NIOC]] of Iran, Venezuela’s [[PDVSA]], [[CNPC]] of China, Brazil’s [[Petrobras]] and Petronas according to the Financial Times.<ref>[http://www.ft.com/cms/s/471ae1b8-d001-11db-94cb-000b5df10621.html The new Seven Sisters: oil and gas giants dwarf western rivals]</ref> |
| − | == | + | == Politics == |
| − | + | From 1990 to 2006, the oil industry as a whole contributed $48,972,754 to [[Democrat]]ic candidates while contributing $150,571,902 to [[Republican]] candidates, for a 25% to 75% split between the two parties and a total of $200,865,355 in campaign contributions.<ref>[https://www.opensecrets.org/industries/indus.asp?Ind=E01 Industry Totals: Oil & Gas]</ref> The disparity in the donations between the parties was widened from a 38%/62% split in 1990 to a 17%/82% split in 2006 in favor of Republican candidates. | |
==References== | ==References== | ||
| − | + | {{Reflist|2}} | |
| − | + | [[category:Oil]] | |
| − | + | [[Category:Political Terms]] | |
Latest revision as of 23:46, March 21, 2024
Big Oil is a pejorative term used to describe the major petroleum companies such as ExxonMobil, Chevron-Texaco, BP, Total, ConocoPhillips and Royal Dutch Shell. These are some of the largest corporations in the world, although several other state-owned oil companies are also becoming large oil exploration and production companies. These are Saudi Aramco, Russia’s Gazprom, NIOC of Iran, Venezuela’s PDVSA, CNPC of China, Brazil’s Petrobras and Petronas according to the Financial Times.[1]
Politics
From 1990 to 2006, the oil industry as a whole contributed $48,972,754 to Democratic candidates while contributing $150,571,902 to Republican candidates, for a 25% to 75% split between the two parties and a total of $200,865,355 in campaign contributions.[2] The disparity in the donations between the parties was widened from a 38%/62% split in 1990 to a 17%/82% split in 2006 in favor of Republican candidates.