Metalartin
Well-Known Member
- Joined
- 15 Jul 2015
- Messages
- 12,383
I've been thinking about the distinctions people(normally rival fans) are making these days, when it comes to oil specifically. I've even seen some peddling the narrative that the UAE Royals(or just our owner/his father) "stole the people's oil", which of course is not true, for numerous reasons.
Does anyone know if there is a big difference between state owned national resources and nationalised ones? It seems to me that they operate under different rules but ultimately the government is still in control.
Looking at a the list of nationalized oil countries, it doesn't appear to me that the public do have much say or reap any more benefit than those in countries with state owned oil, at least in the middle east.
Or do I have that wrong? Do they get a say on what happens with the oil, do the government hand out wads of cash to the people for every million gallons they sell? Rather than the few in power getting richer and more powerful. I think I already know the answer but there's a lot that have convinced themselves otherwise by the looks of it.
I think the fact that quite a few of the countries in that list are ranked much lower in Human Freedoms Index than the UAE or Qatar, says something too. Libya, Iraq, Iran, Venezuela, Saudi all in the bottom 11 for Human Freedoms, according to the latest review. All have nationalized their oil resources, if I understand correctly.
Does anyone know if there is a big difference between state owned national resources and nationalised ones? It seems to me that they operate under different rules but ultimately the government is still in control.
Looking at a the list of nationalized oil countries, it doesn't appear to me that the public do have much say or reap any more benefit than those in countries with state owned oil, at least in the middle east.
Or do I have that wrong? Do they get a say on what happens with the oil, do the government hand out wads of cash to the people for every million gallons they sell? Rather than the few in power getting richer and more powerful. I think I already know the answer but there's a lot that have convinced themselves otherwise by the looks of it.
I think the fact that quite a few of the countries in that list are ranked much lower in Human Freedoms Index than the UAE or Qatar, says something too. Libya, Iraq, Iran, Venezuela, Saudi all in the bottom 11 for Human Freedoms, according to the latest review. All have nationalized their oil resources, if I understand correctly.
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