The bad boys of oil

Most of the world's new production is expected to come from just a few nations. That could spell big trouble for Big Oil and consumers alike.

Russia
Russia
The nation has the biggest reserves of natural gas worldwide and the eighth largest oil reserves. Those reserves, however, are matched by an equal degree of skepticism about the central government from Big Oil companies and investors around the world.

Many of Russia's big, state-controlled energy companies are run by former members of the secret police. Their willingness to use energy as a weapon was made clear this past winter and the winter before, when natural gas supplies were cut off after disputes with countries whose pipelines carry gas to Europe.

Intimidation is rampant, as evidenced by the jailing of a former Yukos boss who was an outspoken critic of President Vladimir Putin.

And bullying or the threat of the same was reportedly one reason why Royal Dutch Shell recently sold its controlling interest in a massive energy project in Russia's Far East to the gas monopoly Gazprom.

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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.