Comparative analysis oil industry of Russia, OPEC and USA

The article provides an overview of the oil and liquid hydrocarbons markets - the largest producers and consumers countries, the major oil companies. A comparative analysis oil industry of the Russia, OPEC countries, USA is delivered. The authors come to the conclusion that most OPEC countries and Russia occupy leading positions at the expense of large stockpiles of conventional oil, low cost, as well as economies of scale, being the natural recipients of rent. Their extraction profitable in practically all oil prices and ousting them from oil market happens at least as well as that in the United States and Canada, associated in many ways with the development of oil shale, tar sands, the super heavy oil and offshore projects, high tech and expensive.