Oil is an essential product of our life style. Fuel cost is increasing day by day. Not knowing the real reason of this leads to misconception that the main beneficiaries are oil producing countries especially OPEC Member Countries. This essay will compare the revenues of oil-consuming countries (OECD nations) and OPEC Member Countries in order to find out the reason of oil price raise and who gets profit from produced oil. OECD countries bought oil at nearly same price but sold totally at different from each other due to inner taxes. Consumers in the UK paid 57.8% and in Continue reading...