This sub-category, Non-OPEC ex Russia, is what I refer to as Free Market Oil. This is ExxonMobil, BP, Shell, Suncor, and countries like Brazil, The United States, Norway, the UK, Mexico and Australia.


...Free Market Oil has dropped by over 2 mbpd (million barrels per day) since December of 2003. If your professor or your local economist or perhaps national newspaper is still pounding the table that supply always makes a response to price–even in natural resources–you might want to send them a link to this chart.