National governments and national energy companies own more than 80 percent of the world's proven reserves of crude oil and international energy companies have no major places left to go and drill.
This is an excerpt from a Carnegie Council Global Policy Innovations event, "The Rise of the Rest," on July 1, 2008. For the full video, audio, and transcript, go to www.policyinnovations.org or www.carnegiecouncil.org
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