Originally Posted by Blue&Orange
Normally it's private oil companies making money. Before hugo chavez, the private companies where almost getting venezuela oil for free.
lol yes capitalism is really good.
Why is that any bad? if you own the area where the oil is situated then the oil is yours or maybe oceans doesn't count? I don't know.
Anyway to get that much oil you need damn many employers and they're gonna pay tax and they're gonna spend etc.
So having the oil companies privatized isn't necessarily a bad thing.