Posted on 03/02/2017 8:20:10 AM PST by bananaman22
A policy of nationalizing chunks of an economy inevitably creates oligarchs who skim profits off the country’s natural resources.
As such, you won’t be surprised to learn that the largest energy companies in the world are owned and operated by governments, and they include: Saudi Aramco, Russian Gazprom, China National Petroleum Corp. (CNPC), National Iranian Oil Co., Petroleos de Venezuela, Brazil’s Petrobras and Malaysia’s Petronas. How they’re run varies wildly—as does where their wealth goes.
While we’ve all been inundated with the massive amount of press on the scandals engulfing Brazil’s Petrobras, there are a few that stand out for creating and maintaining some of the world’s most interesting and colorful political leaders, who have grown their wealth through holdings in state-run oil and gas in some cases, and through more direct means in other cases.
Four state-run oil wealth stories stand out in today’s world: Russia, Azerbaijan, Kazakhstan, Angola and Brunei.
(Excerpt) Read more at oilprice.com ...
Jed Clampett had $40 million in Mr. Drysdale’s bank in the early ‘60’s, IIRC.
It eventually reached $90 million.
Wikipedia indicates that the initial figure given on the show was $25 million.
I remember it being stated at $40 million on one of the episodes.
Yes, but he got paid in a new kind of dollar called a millions dollars
American oil companies are usually referred to as Big Oil. But they are generally contractors working for national oil companies overseas, which should be referred to as Really Big Oil.
I remember it being stated at $40 million on one of the episodes.
I remember Mr. Drysdale asking Jed how much he had to put in the Beverly Hills Commerce Bank, and Jed said, 'about 50 million'...Milburn swallowed hard and replied, 'd-d-dollars?' Mama let me stay up late that night, I'd guess it was in 1964 or 65
When a million was a million!
If you cannot count to 5, I'm not sure how much to trust the rest of your article.
And the term is MIRED in controversy. SMH
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