-- I can pretty much summarize that article with 2 cut/pastes. from part 1 Western oil majors were already losing their leadership of the global oil system, had now been reduced to controlling a mere 9% or 10% ...and from part 2 the comparatively more rigid bilateral long-term supply contract is making a significant comeback on oil markets. which means that 90% of the worlds oil is in the hands of hostile, anti-free markets, anti-democratic regimes. fun-fun-fun thanks for posting.