To: lurk
Most of those National Oil companies are used to fund their governments and pet social programs. Only seems like a few, such as Saudi, Qatar and UAE make real investments for other sources of revenue.
6 posted on
03/30/2015 10:43:05 AM PDT by
thackney
(life is fragile, handle with prayer)
To: thackney
Most of those National Oil companies are used to fund their governments and pet social programs. Only seems like a few, such as Saudi, Qatar and UAE make real investments for other sources of revenue.Main reason for the latter phenomenon is they have the cheapest-to-extract oil, the most oil produced per capita and no natural resources other than oil, meaning they need to start planning for when the oil runs out. Most of the other countries have things other than oil going for them.
7 posted on
03/31/2015 5:42:57 AM PDT by
Zhang Fei
(Let us pray that peace be now restored to the world and that God will preserve it always.)
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