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The top rung of Fortune Magazine’s 2014 Global 500 list is heavily skewed toward fossil fuel development and exploitation. Of Fortune’s ten largest global companies, half are integrated oil and gas companies. Two, Volkswagen and Toyota, are totally dependent upon petroleum for their success. Coming in at No. 7, State Grid Corp. is China’s state-owned electric utility, creating electrical energy from fossil fuels to power the planet’s most populous nation. That leaves Glencore (mining/commodities) and Wal-Mart, which would not hold the No. 1 position without diesel, gasoline and natural gas to move its products to the company’s 11,000 retail stores worldwide.

07222014 Fossil Fuel Powers Global 500

For what it’s worth, Total (ticker: TOT) came in at No. 11 with $228 Billion in revenue, and Chevron (ticker: CVX) at No. 12 with revenue of $220 Billion.

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Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as to its completeness or accuracy. EnerCom’s conclusions are based upon information gathered from sources deemed to be reliable. This note is not intended as an offer or solicitation for the purchase or sale of any security or financial instrument of any company mentioned in this note. This note was prepared for general circulation and does not provide investment recommendations specific to individual investors. All readers of the note must make their own investment decisions based upon their specific investment objectives and financial situation utilizing their own financial advisors as they deem necessary. Investors should consider a company’s entire financial and operational structure in making any investment decisions. Past performance of any company discussed in this note should not be taken as an indication or guarantee of future results. EnerCom is a multi-disciplined management consulting services firm that regularly intends to seek business, or currently may be undertaking business, with companies covered on Oil & Gas 360®, and thereby seeks to receive compensation from these companies for its services. In addition, EnerCom, or its principals or employees, may have an economic interest in any of these companies. As a result, readers of EnerCom’s Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this note. EnerCom, or its principals or employees, may have an economic interest in any of the companies covered in this report or on Oil & Gas 360®. As a result, readers of EnerCom’s reports or Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this report.